Our people are our most valuable assets. As such, we work very hard to ensure that our people are always satisfied.
At Industrial, we have a very competitive benefit program for our employees. Within this section of our Employee Resource Center, you will be able to obtain information and the basic forms to enroll in our benefits programs. If you should have any additional questions, we have our in house team of experts ready to take your calls and personally assist you.
Industrial Staffing Services Inc. strives to make sure all of our employees are satisfied with the benefits that we offer them. Because of our extensive array of employees, we offer a wide range of plans and options for their insurance needs, all available through payroll deduction programs. People are our most valuable asset, and we know that when people are satisfied, they perform better, and continue to work with us time and time again.
We offer the following under our extensive insurance programs:
Health InsuranceInternational Insurance
401(K) Plan, Administered Through Voya
As a valued employee of INDUSTRIAL Staffing Services, Inc., you are eligible to participate in the Industrial 401(k) Plan. This will allow you to invest money on a pre-tax basis and have it grow tax deferred until retirement. INDUSTRIAL will pay the full administrative cost of the plan. Every dollar you put into the plan will go into your account.
You may start participating 30 days after the start of your assignment. If you have money in a previous 401(k) plan, you will be able to immediately roll that money into this plan. You can defer from 2% to 15% of your income earned with INDUSTRIAL up to an IRS mandated maximum of $18,000 in 2016.
You will decide how your money will be invested. You will be able to choose among any, or all, of the following funds:
EuroPacific GrowthOppenheimer Global SecuritiesFidelity Advisor MidCapFranklin Balance SheetVP Index Plus MidCapAmerican Century UltraBaron GrowthT. Rowe Price Mid Cap ValueMFS Capital OpportunitiesOppenheimer Capital AppreciationFidelity VIP CintrafundAllianceBernstein Growth and Income
ING VP Index Plus LargeCapLord Abbett AffiliatedAmerican BalancedSolution Income PortfolioSolution 2015 PortfolioSolution 2025 PortfolioSolution 2035 PortfolioSolution 2045 PortfolioVP Intermediate BondFixed AccountVP Money Market
If you are interested, you can receive a more detailed description of the plan, a kit describing the funds in detail, investment results for the funds, an enrollment form and details on how to enroll. To obtain this package, please contact your Relationship Manager at INDUSTRIAL
and an enrollment kit will be mailed to you, or contact our VOYA Representative, Karl Nelson
at (201) 930-9449 to discuss the options available to you.
529 College Fund
Here at INDUSTRIAL, we know that saving for higher education can be a daunting task. Today’s average cost for a four-year education at a state college is about $50,000 and exceeds $100,000 for a private university. These costs are expected to more than double over the next 20 years. The challenge to save for these costs can be overwhelming, requiring a lot of careful planning and a high level of commitment.
As parents or grandparents, you want to be able to provide the benefit of higher education for your family. You may even be saving to continue your own higher education.
To help you plan and provide for these needs, INDUSTRIAL Staffing Services, Inc. has teamed with Alliance Capital to offer our employees a flexible, tax-advantaged 529 college savings program to help you manage the future. The CollegeBoundfund offers the following:Tax-free earnings growth
: There is no federal income tax due on any earnings while they are in the fund.
Tax-free distributions: Distributions for qualified education expenses made after December 31, 2001 are free of federal income tax. (1)
Any institution in the US: Your fund assets can be used at any
accredited institution of higher learning in the US, as well as many foreign institutions.
No income limits: There are no income limits restricting who is eligible to participate.
Investment choice: You may choose from five investment options managed by Alliance Capital, one of the world’s leading investment managers.
High contribution limit: You can contribute to your fund account until the total account value equals $246,000 (contributions and earnings).
For most families, the key to funding higher education is to start saving early and to save regularly. With the our Employee Payroll Direct Deposit Program you can begin consistently saving for your children’s education. A small initial investment can get you started and weekly contributions of at least $10 into your account can make it even easier to maintain a regular investment program. You may also make additional contributions to your account at any time.
For more information, please visit the CollegeBoundfund web site.
INDUSTRIAL employees who wish to enroll will need the Enrollment Instruction Sheet found in the Employee Kit that was mailed to you for your Company UserID and Password.
If you have your password, go to CollegeBoundfundSM enrollment.
Need an Enrollment Instruction Sheet? Please contact Fran at INDUSTRIAL and an Enrollment Kit will be mailed to you.