NICOLE DUBOIS ON OPPORTUNITIES FOR GROWTH
“When we talk about having some of the longest tenured employees in the industry, it is an affirmation that we have created a work environment that allows for professional growth. We benefit from the creativity, energy, expertise, and optimism of dedicated long-term team members. That is why we encourage staff to look for new technologies and innovative solutions, and we expect staff to be open to learning new skills. In short, we know that our employees are our best and biggest investment, and we want all of our employees to feel valued and to thrive.”
Benefits at a Glance
LSA’s ESOP is a program that makes all eligible employees owners of LSA.
LSA’s goal is to contribute 10% of total compensation (salary plus bonuses) to each eligible employee’s tax-deferred ESOP account each year (subject to profitability).
Vesting is your ownership in LSA. Employees’ vested interest is dependent upon years of service with LSA, and vesting is based on a six-year schedule.
Total deferred income contribution paid in cash by LSA is up to 21%. All administration costs associated with LSA’s deferred plans are paid directly by LSA, resulting in a greater return to participants.
Profit Sharing and Savings Plan
LSA’s Profit Sharing Plan shares company profits among all eligible employees, contributing each employee’s share into a tax-deferred investment account. While contributions are discretionary, LSA’s goal is to contribute 7% of total compensation (salary plus any bonuses) in cash each year.
Vesting is your ownership in the company contributions. Employees’ vested interest is dependent upon years of service with LSA and, similar to the ESOP, vesting is based on a 6-year schedule.
Every employee is eligible for participation in the 401(k) plan. Employees may defer up to the maximum allowed by the IRS, and LSA matches dollar for dollar up to 4% of an employee’s annual salary.
The salary deferral and matching plan are safe harbor plans, which means employees are 100% vested in their salary deferral and matching accounts.
Group Healthcare Plan
For all eligible employees, LSA offers a choice of plans including medical, dental, and vision for employees and qualified dependents.
Eligible employees may also choose to participate in several pre-tax plans including the Flexible Spending Account plan and the Premium Only Plan, which allows health premiums to be deducted on a pre-tax basis.
In addition, every eligible employee receives long-term disability insurance, long-term care insurance, group-term life insurance, accidental death and dismemberment (AD&D) insurance, and the services of an Employee Assistance Program.
In addition to healthcare benefits, LSA offers other benefits for eligible individuals, such as:
- WageWorks Commuter Express Program – a pre-tax benefit program for public transit and qualified parking.
- Worldwide Emergency Travel Assistance Services Program – to help obtain quality medical care in the case of health emergency while traveling 100 miles or more from home or in another country.
- Educational Assistance Program
- Employee Referral Program
- Identity Fraud Expense Reimbursement Services
LSA has a Wellness Program that is designed to encourage all employees to lead a healthy lifestyle and to participate in fun, engaging activities and challenges. Our corporate wellness program includes the following:
- Assessment: Biometric screening and health risk assessment.
- Education and coaching: Employees can benefit from expert-led seminars on wellness-related topics such as healthy eating, stress relief, weight loss, and others.
- Challenges: Employees are encouraged to participate in fun challenges and win prizes.
Vacation: All employees classified as regular hire are entitled to paid vacation. The total number of vacation days is based on years of service, and vacation hours are accrued each pay period.
Holidays: Regular employees receive 8.5 paid holidays during the calendar year.
Sick Time: Regular employees receive two weeks of paid sick time at the beginning of each calendar year. New employees receive a pro-rata portion of sick leave based on their employment start date and the final pay period of the year.
Hourly employees accrue 1 hour of paid sick leave for every 30 hours worked, with a maximum accrual of 80 hours.