Employee Benefits

Wilson Tool International is a leader in the manufacturing of precision punch press and press brake tooling. Wilson Tool is committed to caring for our employees, and we feel that our benefits package is an important element of employment.
Below is a summary of the many benefits enjoyed by our full-time employees. (Note, the information provided here represents an overview of our benefits programs and is not intended to be all-inclusive, or to be used as a summary plan description.)

Health Insurance

• Employee Paid
• Medica Networks
• Prenatal Care
• Well Child Care
• Preventative Care
• Prescription Drug Coverage
  
  Deductible:
  Single $500 per person, per calendar year
  Family $1000 per calendar year not more than $500 per person
  
  Out-of -Pocket:
  Single $1250 max per person per calendar year In-Network, out of Network $2000
  Family $2000 max (not more than $1000 per person per calendar year) In-Network, out of Network $4000
  Coinsurance (amount of covered charges you pay after the deductible):
  Generally, 20% Certain services are exempt from coinsurance
  
  Emergency Room Services:
  $100 Co-Pay
  
  Illness:
  Plan pays 80% after the Calendar Year Deductible In-Network, Out of Network 60%
  
  Physician Services:
  Plan pays 80% after the Calendar Year Deductible In-Network, Out of Network 60%
  
  Hospital Services:
  Plan pays 80% after the Calendar Year Deductible In-Network, Out of Network 60%
  
  Diagnostic X-Ray and Lab:
  Plan pays 80% after the Calendar Year Deductible In-Network, Out of Network 60%
  
  Inpatient Mental Health:
  Plan pays 80% after the Calendar Year Deductible.
  Services are limited to 73 days of care per calendar year for mental health and chemical dependency care combined.
  
  Outpatient Mental Health:
  Plan pays 80% after the Calendar Year Deductible.
  Services are limited to 40 hours of treatment per calendar year for mental health and chemical dependency care combined.
  
  Chiropractic Services:
  Plan pays 80% after the Calendar Year Deductible
  
  Home Health Care:
  Plan pays 80% after the Calendar Year Deductible.
  

This summary of health care benefits is provided as a convenient reference, and is not intended as a complete source of information regarding the Wilson Tool Health Benefits Plan.

Dental Insurance

• Company Paid
• Large network including approximately 97% of local providers
• Annual Deductible, $25 per individual, $75 per family
• Pays 80% of Diagnostic, Preventative, Basic, Endodontic and Periodontic services
• Covers many other services

Retirement Plan

Designed to provide protection to employees and their families at retirement
Eligible after working 1000 hours during a 12-month period
Vesting is at 20% each year until employees are 100% vested after 5 years
Company contribution is discretionary and determined by the board of directors. Historically the company has contributed 15% of the employees' eligible wages. However this is not guaranteed.

Other Benefits

• $25,000 Life Insurance Company Paid. Additional Vol. Life Insurance Employee Paid.
• Short Term Disability Company Paid
• Long Term Disability, Employee Paid
• Employee Assistance Plan
• Educational Assistance Plan
• Provides $5250 work related educational assistance from an accredited institution per calendar year, $3000 for unrelated eduational assistance
• Cafeteria Plan Healthcare $4000 max, Dependant care $5000 max