My Medical Benefits
My Health Reimbursement Arrangement Benefits
My Health Reimbursement Arrangement Benefits
A Health Reimbursement Arrangement (HRA) is a promise to reimburse or pay a specific amount toward insurable medical expenses incurred by a participant. You must be enrolled in the HP Cummings Medical Plan to be eligible for this benefit.
HP Cummings Construction Co. will contribute $2,800 for singles or $5,600 for families to cover the cost of medical deductible expenses in the form of a cost share.
Group Dynamics will administer the HRA. Employees will be paid directly from your HRA by Group Dynamics when funds are available.
If you enter the plan at a time other than the beginning of the plan year, the amount credited to your account will be reduced to reflect the time of actual participation.
My Limited Purpose Health Reimbursement Arrangement Benefits
My Limited Purpose Health Reimbursement Arrangement Benefits
A Health Reimbursement Arrangement (HRA) is a promise to reimburse or pay a specific amount toward insurable expenses incurred by a participant. This benefit is a Limited Purpose HRA for dental and vision expenses and will be offered to all employees. This is not dental or vision insurance. You are not required to enroll in the HP Cummings Medical Plan to be eligible for this benefit.
HP Cummings Construction Co. will contribute up to $500 for dental expenses and up to $100 for vision expenses to each employee. These reimbursements are for employee dental/vision expenses only and are not applicable to dependent expenses.
Group Dynamic will administer the Limited Purpose HRA. Employees will pay for dental and vision expenses out of pocket and the Limited Purpose HRA will reimburse employees directly from Group Dynamic when the employee submits the claim and funds are available.
If you enter the plan at a time other than the beginning of the plan year, the amount credited to your account will be reduced to reflect the time of actual participation.
Group Dynamic: Limited Health Health Reimbursement Arrangement (HRA)
207-781-8800
My Group Life and AD&D Benefits
HP Cummings gives eligible employees Life and Accidental Death & Dismemberment coverage. This benefit gives employees 1x salary to a maximum of $100,000.
Contributions
This is 100% Employer paid.
Eligibility
All full time Employees who work at least thirty two (32) hours per week are eligible for coverage following 90 days of continuous employment.
Voluntary Life and AD&D Benefits
Short Term Disability Benefits
HP Cummings offers Voluntary Short Term Disability coverage. The benefits pay out if you are disabled on the 15th day due to an accident or illness. The benefits pay up to 66 2/3% of your weekly pre-disability income, up to a limit of $750 per week. The maximum benefits period is 11 weeks.
Contributions
This is 100% Employer paid.
Eligibility
All full-time employees who work at least thirty two (32) hours per week are eligible for coverage following 90 days of continuous employment.
My Long Term Disability Benefits
HP Cummings wants to help you maintain an income when you need it the most. They offer employees a long term disability plan that will cover 60% of your salary to a maximum of $10,000 or $6,000 based on your employee class.
Contributions
This is 100% Employer paid.
Eligibility
Full time employees who work at least thirty two (32) hours per week are eligible for coverage following 90 days of continuous employment.
My Voluntary Benefits - Aflac
HP Cummings offers employees the ability to enroll in Voluntary benefits.
Everyone’s benefit needs are different. That’s why it’s important to choose the benefits that are right for your personal situation.
- Contract is between Aflac and the employee, HPC allows for payroll deductions for payment of insurance coverage.
- Coverage is available for your spouse and eligible dependents.
- Benefits are paid directly to you, unless you specify otherwise.
- You may receive benefits regardless of any other insurance you may have with other insurance companies.
Dental Insurance — Benefits for dental care.
Accident Insurance — Helps offset unexpected medical expenses, such as emergency room fees, deductibles and co-payments that can result from a fracture, dislocation or other covered accidental injury.
Aflac Plus Rider – Pays a lump sum along with additional benefits when you are diagnosed with a covered health event.
Whole or Term Life Insurance — This enables you to tailor coverage for your individual needs and helps provide financial security for your family members.
Cancer Insurance — Helps offset the out-of-pocket medical and indirect, non-medical expenses related to cancer that most medical plans don’t cover.
Short-Term Disability Insurance — Provides you with a source of income when you are disabled and cannot work.
Critical Illness Insurance— Pays a lump sum benefit or a single, large payout benefit amount, upon a covered diagnosis.
Contributions
100% employee paid
Eligibility
All full-time employees who work at least thirty two (32) hours per week are eligible for coverage the 1st of the month following 90 days of continuous employment.
Contact Information
Floyd Amidon Regional Sales Coordinator
(802) 753-7252
SmartConnect - Medicare Resource
The Richards Group has partnered with SmartConnect™, an exclusive, no-cost program created specifically to connect Medicare-eligible working adults to the world of Medicare benefits. Whether an employee plans to continue working or is transitioning to retirement, we tailor solutions designed around their needs. Our agents provide an unfiltered view of the entire range of options and prices available to the employee.
Contact Information
For more information or to get started, please click on the following link:
Additional Information
My Retirement Benefits
- EE Deferral: Auto-enrollment provision of 4% with automatic 1% increases up to 10%. It can be changed by the employee. 100% invested in contribution.
- ER Match: 100% of employee’s contribution up to the first 3% of pay, then match 50% on the next 2% of pay.
Eligibility
All full and part time employees are eligible to contribute to the 401(k) &/or Roth IRA plan on the 1st of the month following 90 day eligibility.
Profit Sharing: Employees are eligible on the closer of January 1st or July 1st after 1 full year of employment.
- For Example: Hire Date of March 15, 2023, would be eligible on July 1, 2024.
- Hire Date of July 15, 2023, would be eligible on January 1, 2025.
Profit Sharing is offered at company discretion, funds are put directly into 401(k) and are applicable to a vesting schedule.
My Tuition Assistance Benefits
Exciting Benefit for Employees!
The Richard’s Group tuition assistance program is designed to help employees pay back student loan debt and improve their financial well-being.
Utilizing the relationship with The Richards Group, consultation services provided through GradFin are provided free of charge. GradFin is a new employee benefit program that is revolutionizing the way employees can reduce their student loan debt.
GradFIN will provide:
- One-on-one education consultations with GradFin Consultation Experts to review your current loan status and discuss personalized payoff options to save on your loans.
- GradFin will offer a competitive interest rate reduction when you refinance your loans.
- GradFin will offer the lowest interest rates in the industry through their lending platform which is made up of ten lenders to maximize the chances that you will be approved for a new loan.
For more information or to schedule a one-on-one consultation visit:
Eligibility
In order to participate in the plan, you must satisfy certain age and service conditions under the plan:
Minimum age requirement: In order to participate in the plan, you must be at age 21.
Contact Information
Phone: (844) GRADFIN
For more information or to schedule a one-on-one consultation visit: