Employment Benefits

This is an overview of employment benefits provided by FTI.

If you are interested in applying for any of these positions, please email your resume as an attachment to hr@fti-net.com, or you may fax your resume to 805.571.6403, attn: Human Resources. 

Overview

FTI provides eligible employees with a comprehensive benefits package, which includes: Medical, Dental, Life/AD&D Insurance, FSA Plans, Paid time off and other employee benefits.

ELIGIBILITY

Eligibility is determined by the provisions of each plan; however, regular full-time and part-time employees who work more than half time on a regular basis may be eligible for some or all coverage.

Summary of Benefits

The following is a summary of benefits; details of each plan are available in the corresponding summary plan documents.

Medical Coverage - FTI pays 100% of employee premiums, 50% of dependent premiums. Dependent premiums are deducted from employee pay on a pre-tax basis. Employees may elect either an HMO or PPO option, depending on program availability (this varies from state to state).

Dental Coverage - FTI pays 100% of employee premiums, 50% of dependent premiums. Dependent premiums are deducted from employee pay on a pre-tax basis. FTI provides a PPO plan with higher benefits paid for utilizing PPO providers.

Short-Term/Long Term Disability Insurance - FTI pays premiums for Short-Term/Long Term Disability Coverage.  

Group Term Life Insurance / Accidental Death & Dismemberment - FTI provides $50,000 of life insurance for employees earning up to $50,000, $100,000 for employees earning $50,001-$100,000, and $150,000 for employees earning over $100,000.

Paid Time Off –Employees accrue a block of 22 PTO days per year.  That time can be used for holidays, vacation and sick leave. PTO accrual for regular full-time employees begins upon hire and increases with service.   Full-Time Employees accrue 22 personal days per year (6.77 hours per pay period).

Long Term Sick Leave – After 3 consecutive days of a long term illness, Employees are eligible to use Long Term Sick Leave on the 4th consecutive workday of that illness.   Long term sick leave is accrued at the rate of .92 hour per pay period, i.e. 3 days per year.

Flexible Spending Accounts – This provides employees with a tax effective way to pay for certain medical and dependent care expenses.

401(k) Plan and Company Matching Contribution - Employees may elect to defer up to 100% of earnings on a pre-tax basis. FTI matches 50% of the first 5% of employee contributions with a 2.5 % Maximum matching contribution. Employees are offered a variety of investment options through Prudential Securities.

Profit Sharing Plan - FTI makes an elective contribution of 0%-7.5% once per year, depending on corporate profits.   Contribution is made to employees 401(k) account with Prudential Securities.

Vesting with both the 401(k) and Profit Sharing plans occurs incrementally with 100% vesting after 4 years of continuous employment with FTI.