FTI provides eligible employees with a comprehensive benefits package, including a 401(k) plan, medical and dental coverage, life insurance, disability benefits, flexible spending accounts, profit sharing, paid time off and other benefits.
EligibilityEligibility is determined by the provisions of each plan; however, regular full-time and part-time employees who work more than half time may be eligible for some or all coverage.
Summary of BenefitsThe following is a summary of benefits; details are available in the Human Resources Department.
Medical Coverage - FTI pays 100% of employee premiums and 50% of dependent premiums. Dependent premiums are deducted from employee pay on a pre-tax basis. Employees are offered a PPO plan with national coverage.
Dental Coverage - FTI pays 100% of employee premiums and 50% of dependent premiums. Dependent premiums are deducted from employee pay on a pre-tax basis. FTI provides a PPO plan with higher benefits paid for utilizing in-network providers.
Short-Term and Long Term Disability Insurance - FTI provides both Short-Term and Long Term Disability insurance at no cost to employees.
Life and Accidental Death & Dismemberment (AD&D) Insurance - FTI provides Life and AD&D coverage at not cost to employees.
Paid Time Off (PTO) - PTO can be used for holidays, vacation and sick days. PTO accrual begins upon hire and increases with service. Full-time employees accrue 22 PTO days per year for the first five years of service, and up to 32 days with 10+ years of service.
Long Term Sick Leave - After 3 consecutive workdays of illness, employees are eligible to begin using Long Term Sick Leave. This leave is accrued at the rate of 3 days per year.
Flexible Spending Accounts (FSAs) - FTI offers FSAs for medical and dependent care. Participation provides employees with a tax effective way to pay for these expenses.
401(k) Plan and Company Matching Contribution – Employees may elect to defer up to 100% of base salary on a pre-tax basis, up to the IRS-required annual limit. FTI matches 50% of the first 5% of salary deferred. Employees are offered a variety of investment options.
Revenue & Profit Sharing Plan - FTI makes an elective payment once per year, depending on corporate revenue and profits. Payments are placed in employee 401(k) accounts to maximize tax benefits. An employee must work at least 501 hours during the fiscal year to be eligible.
Vesting in the 401(k) and Revenue & Profit Sharing Plans occurs incrementally, with 100% vesting after four years of continuous employment of over 1,000 hours per plan year.
Stock Purchase Plan - Employees may purchase shares of FTI stock at the prevailing price. Purchases are made in lump sums or through payroll deduction.
Educational Assistance - Employees are eligible for educational assistance for job-related courses and training.
Computer Loan Program – Interest-free loans are available for personal computer purchases. Loans are repaid through payroll deduction.
FTI is an Equal Opportunity Employer