Benefits

At BalancePoint, the diverse needs of our employees, combined with the ever-changing market demands, make a comprehensive benefits package an essential part of your employment.

BalancePoint strives hard to meet the collective needs of all of our employees.

Here is what we are doing to ensure that our employees get the most value out of their benefits package:

• On an annual basis, BalancePoint reviews the market and compares our salaries and benefits to those of other companies similar in size. We have found that BalancePoint is always very competitive in the local and national marketplace.
• BalancePoint works closely with our benefit providers to evaluate the plans to see how we can keep costs to a minimum without compromising the plan design, deductibles, co-pays and service. Last year, BalancePoint employees only saw a minimal increase in premium rate, less than 1% and in some cases, a decrease. The national yearly renewal increase for companies our size is 12-17%.
• Each year, BalancePoint strives to add additional benefit options which enable us to recruit and retain the high level quality employees who make BalancePoint the great company it is today.

Summary of Benefits

Medical

BalancePoint offers a comprehensive medical plan with a POS and PPO (for out of the Kansas City area) option. BalancePoint pays a percentage of the premium for employees and their dependents.

Dental

BalancePoint employees are offered a dental plan through Delta Dental. It covers a wide variety of dentists nationwide. BalancePoint pays a percentage of the premium for employees and their dependents.

Vision

BalancePoint partners with VSP to offer employees with vision care (including eye exams, contact lenses, frames and lenses).

Life Insurance

BalancePoint provides each employee with life insurance at no cost to the employee. An employee also has the option to purchase additional life insurance.

Accidental Death & Dismemberment

BalancePoint pays for Accidental Death and Dismemberment insurance for all employees.

Long-Term Disability

All fulltime Employees receive Long Term Disability coverage that would pay 60% of their base salary if an employee were to become permanently disabled.

Worker’s Compensation

Employees receive assistance if injured or disabled while performing their job duties. Coverage for this benefit is fully paid by the employer.

401k

All employees who have completed 6 months of continuous employment with BalancePoint are eligible to participate in the 401k program. Employees are eligible to enroll for 401k during the open enrollment period following their completion of 6 months. Employees can defer up to 20% of their annual salary to the IRS pre-defined maximum.

Holiday Pay

All full-time BalancePoint employees are eligible for holiday pay upon commencement of the first day of employment.

BalancePoint holidays are as follows:

• New Years Day
• Memorial Day
• 4th of July
• Labor Day
• Thanksgiving
• Day after Thanksgiving
• Christmas Day

Paid Time Off (PTO)

PTO is available for those who have chosen PTO as part of their hiring package. Those employees are eligible to request the use of accrued Paid Time Off upon the completion of the Introductory Period (60 days).

Payroll

BalancePoint employees are paid on a bi-weekly basis, every other Friday, one week in arrears.

Direct Deposit

Employees may have their pay electronically deposited into a maximum of three (3) personal accounts at a financial institution. If direct deposit is elected, employees will be given a passcode and will have 24/7 access to their pay checks via an online payroll website. If direct deposit is not elected, the employee will receive a regular paycheck.