Flexible Spending Account

You will have the opportunity to save money on your out-of-pocket medical expenses and/or dependent care expenses throughout the year by enrolling in our Flexible Spending Account. Remember…you are not taxed on the money you contribute, nor on the reimbursements you receive. Listed are the limitations you may contribute for each calendar year. Please refer to your insurance enrollment packet for additional information.

• Dependent Care Reimbursement:
  Maximum $5,000 per year, $2,500 if married filing separately
  Minimum $100 per year
• Medical Reimbursement:
  Maximum $3,000 per year
  Minimum $100 per year

401(k) Plan and Profit Sharing Plan

The Masterplan 401(k) Plan provides an opportunity for employees to defer taxes and save for retirement at the same time. The Masterplan 401(k) Plan allows you to contribute a maximum of $15,500.00 of your annual income into a tax-deferred interest bearing account. Masterplan matches your contribution dollar for dollar up to 3%.

You are always 100% vested in your own contributions. You will become 20% vested after 2 years of employment (must work 1,000 hours per calendar year each year and thereafter). You will become 40% vested in the company contributions and earnings after three years (must work 1,000 hours per calendar year each year and thereafter).  You will continue to vest at the rate of 20% per year for each year, and after six years you will be 100% vested. A year of service is a calendar year in which you work at least 1,000 hours dating back to your date of hire.

There are limitations on withdrawals because it is a tax deferred savings plan. However, our Plan includes a loan provision, which gives you the ability to borrow some portion of your account. To be eligible to participate, you must be a regular full-time employee, regular part-time employee, or temporary employee employed by Masterplan for three continuous months and you may enter on one of four entry dates: January 1, April 1, July 1, or October 1.

Vacation

Vacation time is earned and accrued daily beginning with your first day of employment and is itemized semi-monthly on your payroll stub.

Personal Time

Masterplan recognizes that there are certain times when you may have unavoidable personal business to attend to during working hours. To aid you in taking care of this personal business, Masterplan provides you with 12 hours of Personal Time each calendar year.

Sick Leave

• One (1) day per month, to a maximum accrual of 60 days.
• No sick leave may be taken prior to 90 days.

Holidays

Masterplan offers ten paid holidays to regular full-time employees who are regularly scheduled to work 30 or more hours per week. Masterplan observes the following holidays:

• Martin Luther King, Jr.
• President's Day
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Day After Thanksgiving
• Christmas Day
• New Year's Day
• Floating Holiday

Tuition Reimbursement

Masterplan places a $2,000.00 annual limit per employee for educational assistance.

Military Leave

Any eligible employee who is a member of the National Guard or any reserve unit of the United States shall be granted an unpaid leave of absence for the duration of duty. Eligible employees may be granted a paid leave for this purpose of up to ten days in each thirty-six month period.

Bereavement Leave

In the event of the death of a mother, father, spouse, domestic partner, child, brother, sister, grandparent, mother-in-law, or father-in-law, you will be eligible for paid leave up to a maximum of five days for the purpose of making final arrangements and attending the funeral.

Jury Duty Leave

If you are summoned for Jury Duty as prescribed by applicable law, Masterplan will compensate you in the amount equal to your regular pay for each day of Jury Duty that you are regularly scheduled to work. The maximum for paid Jury Duty Leave is up to ten workdays limited to once every two years.