For a brief description of each of CWI's benefits, please click on the following links:
Employee Stock Ownership Plan (ESOP)
Health Insurance
Group Term Life/AD&D
Dental Insurance
Paid Time Off
401(k) Plan
Short Term Disability Insurance
Flexible Benefit Plan
Holiday Pay
Control Works Inc. provides our employee-owners with a complete benefits program that is designed to meet a variety of needs, from medical coverage, and retirement to a general paid time off plan and more!
Employee Stock Ownership Plan (ESOP)
An ESOP is a federally qualified employee benefit plan goverened and regulated by United State law. As an incentive and benefit to its employees, CWI established and ESOP in the 2006 fiscal year. The company contributes generously to this plan on an annual basis. The ESOP enables employees to share in the success by the company.
Health Insurance
CWI provides comprehensive major medical plan coverage. This plan is self-insured and administered by ??. Both local clinics as well the local hospitals are in-network providers for the plan. CWI contributes a pre-determined amount toward the cost of the health care plan. The employee's portion of the cost of the insurance premium contribution may be set up as a payroll deduction taken out before taxes.
Group Term Lift / AD&D
CWI employees are provided a $15,000 Group Term Life/Accidential Death and Dismemberment Policy at no charge to the employee.
Dental Insurance
The dental plan available to employees and family members is a voluntary plan. The premium, paid by the employee, may be set up as a payroll deduction taken out before taxes. This plan covers 100% of preventative services. The dental plan is administered by Fortis Benefits.
Paid Time Off
Paid Time Off (PTO) is a generous paid time off plan that combines vacation, personal time, funeral leave and sick time into one "bank". Hourly employees earn up to 88 hours of PTO during their first year of employment. Salaried employees earn up to 15 days of PTO during their first year of employment. The accrual rates increase the employee's length of service with the company increases, beginning after the first year of employment.
401(k) Plan
A 401(k) is a retirement plan that allows employees to make contributions of pre-tax dollars intoa qualified plan that may include investing in stocks, bonds, and/or mutual funds. CWI's 401(k) is administered by State Bank & Trust.
Short Term Disablility Insurance
An insurance product offering employees the option to purchase a percentage of wage protection if he/she becomes disabled from date a disability up to six months. Short Term Disability is administered by Colonial Supplemental Insurance.
Flexible Benefit Plan (Section 125)
Flexible Spending Accounts allow employees to pay unreimbursed health care, dependent care expenses, and other health related insurances on a pre-tax basis.
Health Care Spending Account: includes unreimbursed medical and dental expenses plus vision and hearing expenses. Annual maximum is $2,000 per calendar year.
Dependent Care Spending Account: includes employment-related expenses for the care of your dependent children (under age 13) or parents. Annual maximum is $5,000 per calendar year.
Other Insurances Account: includes non-payroll deducted premiums for health related policies such as cancer, dental, individual health, contact lens or vision policies, and disability plans.
Holiday Pay
CWI pays its full-time employees for the following holidays: