To better assist you in your experience with Alexander Technology Group, we've provided you with the following benefit information, employment, and reporting documents.
Benefits Summary and Eligibility Requirements
Medical Benefits for Massachusetts Residents ONLY:
You must be a Massachusetts resident, currently on an assignment for at least 90 days while worked at least 35 hours/week for each week. Click for Details.
Holiday Pay:
For current employees on assignment who have worked over 1,000 hours in the prior 52 week period, you may be eligible to earn holiday pay. This is calculated at 8 hours of your current pay rate. These hours do not count towards your weekly overtime total (e.g. 35 hours of regular time and 8 hours of holiday pay will equate to 43 hours of regular pay. Not 40 hours of regular time and 3 hours of overtime.)
To qualify for holiday pay, you must be on assignment and work at least 24 hours the week during the holiday and 24 hours the week prior to the holiday.
Holidays include: New Year's Day, Memorial Day, Fourth of July, Labor Day, Thanksgiving, and Christmas
Bonus Pay:
Alexander Technology Group certainly values long-term commitments with our contract employees. To recognize this, you are awarded one 40-hour week of pay, at your current assignment's pay rate, for each 1,500 hours worked during the prior 52 week period.
401K Plan:
To qualify: Eligibility requirements are at least age 21 and have completed one (1) year of service and accumulated over 1,000 hours of employment within that year. However, you will actually enter the plan once you reach the entry date which are currently in January and July (please see Summary Plan Description for details).
The program is payable through weekly payroll deductions on a pre-tax basis:
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- The company matches 100% of the first 3% of your pre-tax compensations invested and 50% of the next 2% invested for a total of 4%. This is a Safe Harbor Match and is 100% vested.
- You may invest 1 - 30% of your pre-tax compensation not to exceed the maximum allowed by the IRS.
- You may change your salary deferral percentage at any time.
- Profit Sharing (please see Summary Plan Description for details)
- Our plan allows for rollovers from another qualified 401(k) plan.
