Employee Benefits

The Company currently offers medical plans from Aetna Health Care Plans from which to choose.  (1) HNOnly 2500 80 is a qualified High Deductible Health Plan, (H.S.A) this plan’s premium is paid 100% by the company for employee only coverage or (2) Aetna Health Network Only HNOnly 3000 70.  (3) Aetna Health Network Only Health Plan HNOnly 5500 100.  The 3000 and 5500 plans require the employee contributions towards the premium.  Dependent coverage is available in the three plans and requires the employee to contribute toward the premium.

By enrolling in an H.S.A compatible medical plan option, which would be the HNOnly 2500 80, you will have access to investing up to the IRS limit into a health savings account managed by Health Equity.  The company will contribute to the employee’s HSA account in the amount of $25.00 x 24 times a year.  The current limits for 2023 are:

Self-only $3850

Family $7750

HSA catch-up contributions (age 55 or older) can contribute up to $1000 more, which would make the limits for 2023 as follows:

Self-only $4850

Family $8750

*Amounts will also include the employer contribution portion as well*

Allows Medical, Dental, Vision, and H.S.A. contributions eligible for payment pre-tax through salary deductions.

The Company offers two Dental plans through Delta Dental of VA. and the employee is required to contribute toward the premiums for all levels of coverage.  The Low Plan pays 100% for diagnostic and preventive services.  Basic Service with this plan is covered at 80%, the annual deductible is $ 50.00 per person; $150.00 per family, per contract year, annual maximum is $1,000 per person, per contract year.  The High Plan pays 100% for diagnostic and preventive services.  Basic Service with this plan is covered at 80% and major services are covered at 50%.  This plan includes orthodontic services covered at 50%.  The annual deductible is $50.00 per person; $150.00 per family, per contract year, annual maximum is $2,000 per person, per contract year and orthodontic lifetime maximum is $,2000 per person.

The Company offers a Voluntary Vision Plan through Delta Vision.  Coverage is available for employees and well as their spouses and dependent child(ren).  Coverage includes WellVision Exam once every 12 months with a $10.00 copay.  Frames, one pair every 24 months with a $150.00 allowance.  One pair of lenses every 12 months.  Elective contact lenses – in lieu of prescription glasses every 12 months with no copay and a $150.00 allowance.  A Diabetic Eyecare Plus Program that will provide additional services for members with diabetic eye disorder, glaucoma, and age-related macular degeneration (AMD) with a copy of $20.00.  This benefit is 100% voluntary, employee is responsible for paying 100% of the premium for elected coverage.

The Company provides Group Term Life insurance coverage through Mutual of Omaha Insurance Company in the amount of $50,000 for the employee, $10,000 for the employee’s spouse, and $5,000 for the employee’s dependent child(ren) at no cost to the employee.  It also contains coverage for employees who suffer an Accidental Death or Dismemberment.

The Company offers Voluntary Term Life insurance coverage through Mutual of Omaha Insurance Company.  Guaranteed amount for employee is $150,000, guaranteed amount for spouse is $30,000, and child(ren) is available at 100% of employee’s benefit up to $10,000 (if enrolling at initial offer/no future open enrollment).  Any amounts elected over the guaranteed amount will be subject to an Evidence of Insurability (EOI) form completed.  For late entrants, all amounts will require an Evidence of Insurability (EOI) form completed.

The Company provides Short Term Disability insurance at no cost to the employee.  This coverage is provided through Mutual of Omaha Insurance Company and provides a benefit equal to 60% of your covered wages (to a weekly maximum of $1,000) for a maximum of 13 weeks.  If you have an illness that prevents you from performing your duties, there is a 7-day elimination period before benefits become payable.  If your disability is the result of an accident, then benefits become payable day one.

The Company also provides Long Term Disability insurance at no cost to the employee. The coverage is provided through Mutual of Omaha Insurance Company and provides a benefit equal to 60% of your monthly earnings up to a maximum of $6,000.00; Benefits under this Plan become payable on the later of 90 calendar days after the onset of your disabling injury or illness or the date your short-term disability ends.

Allows the employee to elect additional critical illness coverage through Mutual of Omaha Insurance Company for themselves, an eligible spouse, and dependents in increments of $5,000 up to $40,000 ($10,000 Guaranteed for employee, $5,000 for spouse) if enrolling at initial offer/no future open enrollment). Spouses, up to age 70, can elect up to 50% of your elected amount with guaranteed issue of $30,000. This plan is 100% voluntary the employee will pay 100% of the premium.  Dependent child(ren) insurance is automatic upon employee’s enrollment.  A separate premium is not required.

Allows the employee to elect additional options for you and your family through Mutual of Omaha Insurance Company to protect yourself from unaffordable events such as an accident or a life-threatening illness. Coverage varies by selections.  This plan is 100% voluntary, employee will pay 100% of the premium.

Employees become eligible for benefits the 1st of the month following 60 days of employment.

The Company provides an Employee Assistance Program (EAP) through the Carilion Employee Assistance Program.  Work Life Matters that can offer support with Education, Dependent Care, Legal and Financial Advice, Working Smarter, Lifestyle & Fitness Management.  This service is strictly confidential that allows their employees and family members residing in their household, up to 4 free visits per person per calendar year per life event.  This benefit is provided at no cost to all full-time and part-time employees.

The Company realizes the need for employees to take time away from work from time to time.  Our policy for Paid Time Off (PTO) is that sick time, vacation time, and personal time are all included into one category.  Regular full-time employees who work 40 hours a week accrue PTO at a rate of 8 hours per month the first year of employment.  That accrual rate increases to 10 hours per month after your first service anniversary with Wall.  It again increases to 12 hours per month after your second anniversary.  For employees who work between 32 to 39 hours per week, they will accrue at a proportionally reduced amount.

The total number of paid holidays given from Wall Residences depends on your position. Each fall, the next year’s holidays are determined, and a schedule is distributed to all employees.  These recognized holidays are in addition to the Paid Time Off benefits.

Employees are paid bi-weekly on Fridays.  Direct deposit of your earnings is available.

Wall Residences employees are included as owners of the agency after one year of employment, provided they have completed at least 1000 hours of service in each year, and are at least age 21.  100% vesting in the plan occurs after six years of full employment.  This benefit can be substantial if the company is successful in a given year and is intended as an additional resource for retirement.  Employees are not required to contribute to this Plan.

The Company sponsors a 401(k) Savings Plan through Fidelity whereby an employee may contribute a portion of their salary into the Plan as a supplement to their retirement.  You must be at least age 18 and complete two full months of service before becoming eligible to participate in the Plan.  If you decide to participate, the Company provides a matching contribution equal to 100% on the first four percent of your deferral (example: if you defer 2% of your salary, the Company will match your 2% contribution.  If you defer 7% of your salary, the Company Matching Contribution will only be to the maximum of 4% of your salary.)  Participants are responsible for the investment of their contributions and our Plan has several investment options from which to choose.  Eligible participants include all full-time and part-time employees and will be eligible to participate in the Plan on the first day of the calendar month following 60 days of employment.

This is provided as a summary of benefits and does not contain all the provisions of the current plans being offered (including limitations and exclusions).  Should anything in this document and the official Plan documents differ in any way, then the provisions in the official Plan documents will prevail.