MEDICAL, DENTAL, RX & VISION PLANS or OPT-OUT/REFUND

Synova provides comprehensive health insurance benefits, including medical, dental, prescription, and vision coverage to care for employees and their families. Synova offers three levels of coverage; Basic(HDHP), Comprehensive and Comp Plus, which begin on the first day following 60 days of active full-time employment. Synova’s dental plan provides coverage for Preventive, Primary and Restorative services and the vision plan provides coverage for regular eye exams, eyeglasses, and contact lenses.

Alternatively, employees may opt-out of health benefits. For opting-out, you will receive the taxable cash reimbursement per pay period.

HEALTH SAVING ACCOUNT

This is an optional bank account that you can use to pay for most medical expenses your health plan does not cover. To be eligible to contribute to an HSA, you have to be enrolled in the Basic Plan (HDHP).

FLEXIBLE SPENDING ACCOUNTS

In this optional spending account, employee’s voluntary contributions are deducted from the employee’s paycheck on a pre-tax basis. These contributions are used to reimburse the employee for medical, dental, prescription or vision expenses that are not covered by employer sponsored group health plans. Employees can also set up an account for dependent care costs.

401 (k) RETIREMENT PLAN

This optional tax-deferred retirement plan allows you to defer up to 25% of your compensation on a pre-tax basis and up to 6% on an after-tax basis. However, your combined pre-tax and after-tax contributions may not exceed 25% of your compensation.

Enrollment in the 401(k) Plan is monthly on the first of each month. Upon enrollment in the Plan, employees will receive a company-match of $.40 for each $1.00 of elective deferrals, up to 6%. This limit is applied each pay period.

SHORT TERM DISABILITY

Short-term disability (STD) coverage will provide you with salary continuation in the event of pregnancy, extended illness or disability. As an employee of Synova, you will be eligible to receive 60% of your weekly salary with a maximum of $800 per week. The maximum benefit period is 26 weeks. This is company paid benefit with NO CHARGE TO YOU.

VOLUNTARY LONG-TERM DISABILITY

Long-term (LTD) disability offers you coverage in the event you have an illness or disability that extends beyond 26 weeks. The LTD benefit offers you 60% of your salary with a minimum of $100 and a maximum of $6,000 per month. Our employees may purchase Voluntary Long-Term Disability insurance as a portion of their benefits package.

VOLUNTARY LIFE INSURANCE

In our continued effort to provide our employees with comprehensive and affordable benefits, our employees may purchase Voluntary Group Term Life and Accidental Death and Dismemberment (AD & D) as a portion of their benefits package.

NOTE: Synova reserves the right to modify, change, eliminate or add benefits at its discretion with or without notice. In certain cases, Synova is unable to offer benefits due to client agreements with Synova. Please contact your Synova recruiter for further information.