Tuthill Corporation offers full time employees the opportunity to participate in the company 401(k) Plan immediately upon date of hire. Employees can invest up to 50% of their gross salary in the Plan (up to the IRS limit each year). Tuthill will match 100% on the first 3% of pay contributed and 50% on the next 3% of pay contributed; a maximum match of 4.5% (up to the IRS limit). The Plan 8 investment options, available through Wells Fargo.
Profit Sharing Plan
The company will credit regular, full time, non-union, employee's 401(k) accounts each year with contributions based on the current financial success of your Line of Business. You do not need to participate in the 401(k) plan to be eligible for this benefit. This account supports the corporate strategy and truly rewards outstanding performance. If your Line of Business meets an expected financial goal, your 401(k) account will be credited with a contribution percentage of your pay (Ex: 15% ROA equal 1% of pay; 20% ROA equals 2% of pay; 25% ROA equals 3% of pay. There is no limit). You are vested at a rate of 20% per year (fully 100% vested after 5 years) and have the ability to take the entire account balance with you when you leave. The account is discretionary.
Hourly Employees Pension Plan
The company will provide each facility that is part of a bargaining unit, and has bargained for this benefit in their contract, a negotiated benefit multiplier amount for each year of service once an employee completes 5 years of vested/credited service, in accordance with the plans provisions, to assist with their retirement needs.
Tuthill Corporation provides Life, Accidental Death & Dismemberment, Short-Term Disability and Long-Term Disability to eligible employees. Employees will also be able to elect additional amounts of life insurance for themselves and dependents through a supplemental insurance program.
Tuthill Corporation provides group health, vision, and prescription drug plan coverage through BlueCross BlueShield of Illinois. Our health plan is a "Preferred Provider Organization" (PPO) and coverage will begin on the first of the month following your start date. An opt out option is offered for those who have health care coverage through a spouse.
The dental plan is administered through MetLife and offers a network of Preferred Dentists. The plan pays 100% on preventive, 80% for basic service and 50% for major service and orthodontic. When using an in-network Dentist.
Tuthill offers Flexible Spending Account Plans for health care and dependent care expenses. These plans are administered through Health Hub. These plans allow employee's to pay for eligible out of pocket costs using pre-tax dollars deducted from their pay, following the rules and regulations set in place by the IRS.
Tuthill Corporation will reimburse the cost of tuition, books and fees, towards a degreed program or courses in an employee's job specific area, up to flat dollar amount per calendar year. Employees are eligible to apply for this benefit after six months of continuous employment.
To ensure that employees have time off to rest, recharge and relax, Tuthill Lines of Business offer competitive paid time off programs tailored to each business and employee population.