• Company History
• Employment

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Vacation

• 1 thru 5 years of service - 2 weeks' vacation for exempt employees (salaried).
• After 5 years of service - 3 weeks' vacation for exempt and non-exempt (hourly) employees.
  • A non-exempt employee (hourly) accrues one-week vacation for the first year of employment.
  • A non-exempt employee receives two weeks' vacation after the first year of service and three weeks' vacation after five (5) years service.

Emergency Leave

Ten (10) days per year based on actual accrual.

Holidays

Group Health Insurance

Covered under Capital Health Plan.
Syn-Tech pays 100% of employee coverage.

Dental Insurance

Covered under Principal Financial Group.
Syn-Tech pays 100% of employee coverage.

Life Insurance

Covered under Lincoln Financial Group.
All employees - 2 x annual salary, rounded up to the next thousand.

Group Voluntary Life

Covered under The Principal Financial Group and offered by Syn-Tech but paid for by the employee through payroll deduction.

Dependent Coverage

Dependent coverage for health, dental, and life insurance is provided, but is paid for by the employee through payroll deduction.

Short-Term Disability

Covered by Lincoln Financial Group. (60% of basic earnings to a maximum weekly benefit of $750 for a period of up to 24 weeks.) Syn-Tech pays 100%.

Long-Term Disability

Covered by Lincoln Financial Group. (60% of basic earnings to a maximum monthly benefit of $5,000 plus 20% for a total disability.) Syn-Tech pays 100%.

Pre-Tax Plan

Covered by AFLAC. It provides pre-tax premium for dependent coverage, and also provides child-care and medical out-of-pocket co-pays to be tax-free.

Pension Plan

Minnesota Life is the provider of our 401K Pension Plan. An employee becomes eligible to participate upon reaching the age of 21 and after completion of twelve months service. Syn-Tech pays 4% of your annual wages to the pension plan and will pay an additional 2% if you contribute up to 2%. Therefore by contributing only 2% of your annual salary, you may actually a total of 8% paid to the pension plan. Syn-Tech will contribute no more than 6% annually; employee contribution is governed by IRS regulations. (Contributions are tax-deferred.)

Unemployment Compensation Insurance

Syn-Tech pays 100%.

Workers' Compensation Insurance

Syn-Tech pays 100%.

Education Assistance

Syn-Tech will pay tuition for one job related course per semester. The details are in the Company's Procedures.

Additional Notes

There is a 6-month probationary period for all employees. This training period does not apply to benefits such as dental, health, life, etc. This information is not all-inclusive; details will be found in the Employee Handbook or Company Procedures.