Analog Devices, Inc. (NYSE: ADI), known as ADI, is an American multinational semiconductor company specializing in data conversion and signal conditioning technology, headquartered in Norwood, Massachusetts. [1] In 2010, Analog Devices led the worldwide data converter market with a 46% share, according to analyst firm databeans. [2]
The company is a leading manufacturer of analog, mixed-signal and digital signal processing (DSP) integrated circuits (ICs) used in electronic equipment. [3] [4] These technologies are used to convert, condition and process real-world phenomena, such as light, sound, temperature, motion, and pressure into electrical signals. [5]
Analog Devices has approximately 60,000 customers worldwide. The company serves customers in the following industries: communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications.
Analog Devices is a multinational family of companies with over 9,000 employees worldwide. Like many multinational companies, Analog Devices maintains an enterprise resource management system that provides immediate electronic communications among locations in different countries. This capability facilitates product development, business planning, compliance with corporate policies, and more efficient administration of human resources and employee benefits programs.
To fulfill its responsibilities as an employer, Analog Devices maintains several types of individually identifiable information for each employee, as illustrated below:
Basic information, such as the employee's name; date of birth; nationality and citizenship; social security or social insurance number; education; gender; home address and telephone number; emergency contact information; and photograph.
Administrative information, such as internal employee file numbers, job title and department, computer network login and e-mail address, work location and telephone number, dates of hiring/termination, work hours, and leave status.
Employment and performance information, such as hiring and recruitment records, performance appraisals and assessments; date of assignments, transfers, and promotions; training records; attendance records; disciplinary actions; and records of work accidents.
Compensation and benefits administration information, such as salary or wage data; tax and benefits accounting records; dependent and beneficiary information; benefits enrollment status; and leave records.
In accordance with applicable local legal requirements, Analog Devices may hold and process sensitive personal data (including, for example, information relating to ethnic or racial origin, trade union membership, or health condition) for purposes related to your employment.
The same types of information may be held in relation to other workers of the company, such as independent contractors and consultants.
In addition, applicants for jobs at Analog Devices will provide personal information in application forms they submit, whether directly to Analog, or to Taleo Corporation for use on Analog's behalf, as part of the company's global online recruitment system. Such information is likely to include details of previous employment and basic information of the type described above. In addition, the company or a third party verification agency on its behalf may undertake background checks on job applicants. The results of those checks, which may include sensitive data in the form of medical reports and/or criminal records, may also be held by the company as part of the recruitment process.
Access and Amendment of Employee Information
You have a right to access and correct reasonably available individually identifiable information maintained about yourself, subject to restrictions under applicable local laws and regulations. You may review your file by contacting the Human Resources Representative responsible for your work location. If you notice an error in the information provided, you may request that it be corrected, and appropriate changes will be made.
Accuracy and Retention of Employee Information
In order to be useful, information relating to employees, job applicants and other workers must be accurate and up to date. Where possible, information is updated periodically. Other information loses value over time and is periodically deleted, in accordance with applicable local legal requirements.
ADI considers its employees to be its greatest asset, and as such goes to great lengths to win their favor. The company offers extensive medical, dental and vision insurance, in addition to a slew of life insurance options. There’s also education assistance covering 100 percent of tuition expenses (for eligible programs), a retirement plan with company match and a generous dollop of vacation time.
Plan Who Is Eligible and When Your Cost for Coverage How the Plan Works
Medical Coverage All regular employees who work 30+ hours per week, and their eligible dependents. Coverage is available on your first day of work. You may change your level and/or type of coverage at Annual Enrollment or during the year if you experience a qualified change in status. Your payroll contribution for coverage is determined annually.
Two BlueCross BlueShield medical plans are offered to all U.S. employees.
Advantage Blue EPO Plan—much like an HMO, you are covered when you receive care from a national network of BlueCross BlueShield providers. You pay a copay for office visits, prescription medications, emergency room care, inpatient hospitalization, and outpatient surgery; most other covered services are paid in full.
PPO Saver Deductible Plan—under this High Deductible Health Plan (HDHP), you must meet an annual deductible before benefits will be paid under the plan. Then, you are covered when you receive care from any provider you like, anywhere in the world. Benefits are higher (typically 90% of covered charges) when services are delivered by a BlueCross BlueShield provider. Part of this plan includes a Health Savings Account (HSA) to which Analog Devices will make an annual contribution, and you may make your own pretax contributions to help pay for eligible health care expenses today and in the future. The plan has an out-of-pocket maximum to provide financial protection for you and your family in the event of high claims in any one year.
Free access to medical care experts for answers to your general or complex questions through the Best Doctors and the Blue Care Line programs.
In addition, employees in Northern California may elect to enroll in Kaiser HMO.
Medical Credit Option All regular employees who work 30+ hours per week. This option is available on your first day of work. You may change your level and/or type of coverage at Annual Enrollment or during the year if you experience a qualified change in status. None—you receive cash instead of ADI medical benefits; the amount is determined annually. If you have medical coverage through another group medical plan, you may waive coverage through ADI and receive cash in your paycheck throughout the year. You may still elect dental coverage for yourself and your eligible dependents even if you waive medical coverage.
Dental Plan All regular employees who work 30+ hours per week, and their eligible dependents. Coverage is available on your first day of work. You may change your level and/or type of coverage at Annual Enrollment or during the year if you experience a qualified change in status. Your payroll contribution for coverage is determined annually. With the MetLife Preferred Dentist Program (PDP), you can see any dentist you want; if you see a dentist that is part of the MetLife PDP, the amount of money you pay out of your pocket will be less.
The benefits provided under the MetLife PDP are:
Preventive Services: 90% coverage with no deductible
Basic Restorative Services: 80% coverage after deductible
Major Restorative Services: 50% coverage after deductible
Orthodontic Care: 50% coverage with no deductible, $2,000 lifetime maximum benefit per person.
Deductibles: $50 maximum per person per calendar year, $150 maximum per family per calendar year.
Maximum Annual Benefit: $2,000 per person per calendar year, separate $2,000 maximum per person per calendar year for implants.
Vision Discount Plan All regular employees who work 20+ hours per week, and their eligible dependents. Coverage takes effect on your first day of work. ADI provides this benefit at no cost to you. EyeMed Vision Discount Program provides discounts on eye exams, eyeglasses, contact lenses, and laser surgery. Providers include LensCrafters and a network of eye care and eyewear specialists.
Basic Life and Accidental Death and Dismemberment (AD&D) Plan All regular employees who work 30+ hours per week. Coverage takes effect on your first day of work. ADI pays 100% of the cost for your coverage. Your beneficiary will receive an amount equal to 2� times your base salary in the event of your death. Coverage for Basic Life is capped at $400,000; coverage for Basic AD&D is capped at $100,000.
Optional Life Plan All regular employees who work 30+ hours per week. Coverage is available on your first day of work if you elect it within 31 days of your date of hire. Evidence of insurability will be required for late enrollments. You pay 100% of the cost. The cost is based on your age and amount of coverage. Your beneficiary will receive the amount you select, from 1 to 5 times your base salary (maximum benefit: $2,000,000) in the event of your death.
Work/Life Program All regular employees who work 20+ hours per week, and their eligible dependents. Coverage takes effect on your first day of work. ADI provides access to these benefits at no cost to you. The Work/Life program includes a variety of programs and services, for example, practical advice and referrals to community resources through AllOne, a discount arrangement for your home and auto insurance, and a matching gifts program to support your charitable contributions.
Family Care Resources All regular employees working 20+ hours per week (30+ hours for adoption reimbursement). Coverage takes effect on your first day of work (paid parental leaves are available after one year of service). ADI provides access to vendor partners and offers financial assistance for a variety of programs. To help balance work and family, access to back-up child and adult care is available through Bright Horizons. You may also be eligible for a paid parental leave of up to 2 weeks, and for reimbursement of up to $7,500 of adoption-related expenses.
Dependent Life Plan All regular employees who work 30+ hours per week. Coverage is available on your first day of work if you elect it within 31 days of your date of hire. Evidence of insurability will be required for late enrollments for spousal coverage. You pay 100% of the cost for coverage for your dependents. You can elect to cover your spouse (or same sex domestic partner) only, your child(ren), or both. The plan will pay a benefit in the event of your dependent's death according to the level of coverage you elect:
For children: birth to 19 years (to age 25, if full-time student): $5,000, $10,000, or $20,000
For spouse: $10,000, $25,000, $50,000, $75,000, or $100,000
Optional Accidental Death and Dismemberment (AD&D) Plan All regular employees who work 30+ hours per week. Coverage takes effect on your first day of work if you elect it within 31 days of your date of hire. Evidence of insurability is not required. You are also eligible to elect coverage for your spouse and/or dependent children if you elect coverage for yourself. You pay 100% of the cost based on the amount of coverage you elect for yourself and your dependents. Your beneficiary will receive the amount you select (from 1 to 5 times your base salary) if you die as the result of an accident. You will receive a benefit based on a schedule if you suffer a covered loss. There is a maximum benefit of $500,000.
You will receive a benefit if your covered spouse (or same sex domestic partner)/child(ren) die as the result of an accident. Your dependent will receive a benefit based on a schedule if he/she suffers a covered loss.
Business Travel Accident Plan All employees on their first day of work. ADI pays 100% of the cost for your coverage. Your beneficiary will receive up to $350,000 in case of your accidental death while traveling on company business and you will receive a benefit based on a schedule if you suffer a covered loss. You also have comprehensive medical and security assistance and support when you travel outside the U.S. on company business.
Short-Term Disability Plan All regular non-exempt employees who work 30+ hours per week. Coverage takes effect on your first day of work. ADI pays 100% of the cost for your coverage. You receive 60% of your base weekly salary for up to 26 weeks for an approved disability. There is a 14-day waiting period for benefits (waived in case of accident, injury, hospitalization, or day surgery). Benefits are coordinated with state programs where applicable.
Salary Continuation Plan All regular exempt employees who work 30+ hours per week. Coverage takes effect on your first day of work. ADI pays 100% of the cost for your coverage. Your full salary is continued for up to 26 weeks for an approved disability due to accident or illness.
Long-Term Disability Plan All regular employees who work 30+ hours per week. Coverage takes effect on your first day of work. Employees whose annual base pay exceeds $120,000 may also elect Supplemental LTD coverage. Basic: ADI pays 100% of the cost for your coverage.
Supplemental: You pay 100% of the cost based on the amount of coverage. Basic: You receive 60% of base monthly salary each month for approved disabilities that extend beyond 26 weeks. The maximum monthly benefit is $6,000. When other disability income is also received (e.g., Social Security, workers' compensation), total payments cannot exceed 60% of base monthly salary.
Supplemental: You have the option to purchase additional coverage to ensure a total benefit of 60% of monthly base pay, up to a total monthly benefit of $18,000.
Dependent Care Spending Account All regular employees who work 20+ hours per week. You may enroll within 31 days of your first day of work. Voluntary employee contributions are made through payroll deduction. You may contribute from your pay up to $5,000 per year in pretax dollars, deducted in equal pay period installments, in order to pay for eligible child care and/or elder care expenses.
Health Care Spending Account All regular employees who work 20+ hours per week. You may enroll within 31 days of your first day of work. Voluntary employee contributions are made through payroll deduction. You may contribute from your pay up to $5,000 per year in pretax dollars, deducted in equal pay period installments, in order to pay for eligible, unreimbursed medical, dental, and vision care expenses for you and your eligible family members.
The Investment Partnership (TIP) Plan All regular employees who are scheduled to work 1000 hours per year are eligible to make personal contributions beginning with the first pay period following their date of hire. Company contributions will begin upon completion of one year of employment. Voluntary employee contributions are made through payroll deduction; your basic and applicable matching company contributions are automatic. Employee Contribution: Up to 50% of eligible pay before taxes to a maximum of $16,500, and/or up to 5% of pay after taxes.
Catch-Up Contribution: Up to 25% of eligible pay before taxes to a maximum of $5,500 for employees age 50 and older.
Company Match: 100% match for the first 2% of eligible pay you contribute on a pretax basis, and 50% match for the next 2% of pretax pay you contribute. You are eligible to receive matching contributions once you complete one year of service.
Basic Company Contribution: An amount equal to 5% of your eligible pay is delivered tax-effectively through TIP and is made to your account each pay period once you complete one year of service.
Vesting: You are always fully vested in personal contributions. You become fully vested in basic and matching company contributions 3 years from date of hire or immediately upon death, permanent disability, or retirement (age 65).
Rollovers: Distributions from a prior employer's qualified plan may be deposited in TIP within 60 days of distribution.
Sick Time All regular employees. Employees who work less than 40 hours per week receive a prorated benefit. None. Non-Exempt Employees: After your first 90 days of employment, you are granted 48 hours of sick time. Thereafter, you begin to accrue sick time on a per-pay-period basis to an additional annual accrued maximum of 48 hours. You can sell back hours in excess of 48 hours once per year.
Exempt Employees: You receive up to 10 sick days per year. Unused time cannot be carried forward nor paid out at termination.
Vacation All regular employees who work 20+ hours per week. Employees who work less than 40 hours per week receive a prorated benefit. None.
Length of Service Accrual Rate
Less than 1 year 0.83 days per month
(10 days per year)
1 year, but less than 10 years 1.25 days per month
(15 days per year)
10 years to 14 years 1.66 days per month
(20 days per year)
15 years 1.75 days per month
(21 days per year)
16 years 1.83 days per month
(22 days per year)
17 years 1.92 days per month
(23 days per year)
18 years 2.00 days per month
(24 days per year)
19+ years 2.08 days per month
(25 days per year)
Education Assistance Plan All regular employees who work 30+ hours per week. ADI pays 100% of eligible expenses (tuition and related mandatory fees) up to $5,250 per year for approved undergraduate and $7,500 per year for approved graduate courses. You can enroll in an ADI job- or career-related degree or certificate program. Up to two courses per semester will be reimbursed for tuition, books, lab fees, and lab materials upon satisfactory completion of the course. Your payment may be taxed, depending on the program of study and the applicable IRS rules at the time of payment.
The company is a leading manufacturer of analog, mixed-signal and digital signal processing (DSP) integrated circuits (ICs) used in electronic equipment. [3] [4] These technologies are used to convert, condition and process real-world phenomena, such as light, sound, temperature, motion, and pressure into electrical signals. [5]
Analog Devices has approximately 60,000 customers worldwide. The company serves customers in the following industries: communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications.
Analog Devices is a multinational family of companies with over 9,000 employees worldwide. Like many multinational companies, Analog Devices maintains an enterprise resource management system that provides immediate electronic communications among locations in different countries. This capability facilitates product development, business planning, compliance with corporate policies, and more efficient administration of human resources and employee benefits programs.
To fulfill its responsibilities as an employer, Analog Devices maintains several types of individually identifiable information for each employee, as illustrated below:
Basic information, such as the employee's name; date of birth; nationality and citizenship; social security or social insurance number; education; gender; home address and telephone number; emergency contact information; and photograph.
Administrative information, such as internal employee file numbers, job title and department, computer network login and e-mail address, work location and telephone number, dates of hiring/termination, work hours, and leave status.
Employment and performance information, such as hiring and recruitment records, performance appraisals and assessments; date of assignments, transfers, and promotions; training records; attendance records; disciplinary actions; and records of work accidents.
Compensation and benefits administration information, such as salary or wage data; tax and benefits accounting records; dependent and beneficiary information; benefits enrollment status; and leave records.
In accordance with applicable local legal requirements, Analog Devices may hold and process sensitive personal data (including, for example, information relating to ethnic or racial origin, trade union membership, or health condition) for purposes related to your employment.
The same types of information may be held in relation to other workers of the company, such as independent contractors and consultants.
In addition, applicants for jobs at Analog Devices will provide personal information in application forms they submit, whether directly to Analog, or to Taleo Corporation for use on Analog's behalf, as part of the company's global online recruitment system. Such information is likely to include details of previous employment and basic information of the type described above. In addition, the company or a third party verification agency on its behalf may undertake background checks on job applicants. The results of those checks, which may include sensitive data in the form of medical reports and/or criminal records, may also be held by the company as part of the recruitment process.
Access and Amendment of Employee Information
You have a right to access and correct reasonably available individually identifiable information maintained about yourself, subject to restrictions under applicable local laws and regulations. You may review your file by contacting the Human Resources Representative responsible for your work location. If you notice an error in the information provided, you may request that it be corrected, and appropriate changes will be made.
Accuracy and Retention of Employee Information
In order to be useful, information relating to employees, job applicants and other workers must be accurate and up to date. Where possible, information is updated periodically. Other information loses value over time and is periodically deleted, in accordance with applicable local legal requirements.
ADI considers its employees to be its greatest asset, and as such goes to great lengths to win their favor. The company offers extensive medical, dental and vision insurance, in addition to a slew of life insurance options. There’s also education assistance covering 100 percent of tuition expenses (for eligible programs), a retirement plan with company match and a generous dollop of vacation time.
Plan Who Is Eligible and When Your Cost for Coverage How the Plan Works
Medical Coverage All regular employees who work 30+ hours per week, and their eligible dependents. Coverage is available on your first day of work. You may change your level and/or type of coverage at Annual Enrollment or during the year if you experience a qualified change in status. Your payroll contribution for coverage is determined annually.
Two BlueCross BlueShield medical plans are offered to all U.S. employees.
Advantage Blue EPO Plan—much like an HMO, you are covered when you receive care from a national network of BlueCross BlueShield providers. You pay a copay for office visits, prescription medications, emergency room care, inpatient hospitalization, and outpatient surgery; most other covered services are paid in full.
PPO Saver Deductible Plan—under this High Deductible Health Plan (HDHP), you must meet an annual deductible before benefits will be paid under the plan. Then, you are covered when you receive care from any provider you like, anywhere in the world. Benefits are higher (typically 90% of covered charges) when services are delivered by a BlueCross BlueShield provider. Part of this plan includes a Health Savings Account (HSA) to which Analog Devices will make an annual contribution, and you may make your own pretax contributions to help pay for eligible health care expenses today and in the future. The plan has an out-of-pocket maximum to provide financial protection for you and your family in the event of high claims in any one year.
Free access to medical care experts for answers to your general or complex questions through the Best Doctors and the Blue Care Line programs.
In addition, employees in Northern California may elect to enroll in Kaiser HMO.
Medical Credit Option All regular employees who work 30+ hours per week. This option is available on your first day of work. You may change your level and/or type of coverage at Annual Enrollment or during the year if you experience a qualified change in status. None—you receive cash instead of ADI medical benefits; the amount is determined annually. If you have medical coverage through another group medical plan, you may waive coverage through ADI and receive cash in your paycheck throughout the year. You may still elect dental coverage for yourself and your eligible dependents even if you waive medical coverage.
Dental Plan All regular employees who work 30+ hours per week, and their eligible dependents. Coverage is available on your first day of work. You may change your level and/or type of coverage at Annual Enrollment or during the year if you experience a qualified change in status. Your payroll contribution for coverage is determined annually. With the MetLife Preferred Dentist Program (PDP), you can see any dentist you want; if you see a dentist that is part of the MetLife PDP, the amount of money you pay out of your pocket will be less.
The benefits provided under the MetLife PDP are:
Preventive Services: 90% coverage with no deductible
Basic Restorative Services: 80% coverage after deductible
Major Restorative Services: 50% coverage after deductible
Orthodontic Care: 50% coverage with no deductible, $2,000 lifetime maximum benefit per person.
Deductibles: $50 maximum per person per calendar year, $150 maximum per family per calendar year.
Maximum Annual Benefit: $2,000 per person per calendar year, separate $2,000 maximum per person per calendar year for implants.
Vision Discount Plan All regular employees who work 20+ hours per week, and their eligible dependents. Coverage takes effect on your first day of work. ADI provides this benefit at no cost to you. EyeMed Vision Discount Program provides discounts on eye exams, eyeglasses, contact lenses, and laser surgery. Providers include LensCrafters and a network of eye care and eyewear specialists.
Basic Life and Accidental Death and Dismemberment (AD&D) Plan All regular employees who work 30+ hours per week. Coverage takes effect on your first day of work. ADI pays 100% of the cost for your coverage. Your beneficiary will receive an amount equal to 2� times your base salary in the event of your death. Coverage for Basic Life is capped at $400,000; coverage for Basic AD&D is capped at $100,000.
Optional Life Plan All regular employees who work 30+ hours per week. Coverage is available on your first day of work if you elect it within 31 days of your date of hire. Evidence of insurability will be required for late enrollments. You pay 100% of the cost. The cost is based on your age and amount of coverage. Your beneficiary will receive the amount you select, from 1 to 5 times your base salary (maximum benefit: $2,000,000) in the event of your death.
Work/Life Program All regular employees who work 20+ hours per week, and their eligible dependents. Coverage takes effect on your first day of work. ADI provides access to these benefits at no cost to you. The Work/Life program includes a variety of programs and services, for example, practical advice and referrals to community resources through AllOne, a discount arrangement for your home and auto insurance, and a matching gifts program to support your charitable contributions.
Family Care Resources All regular employees working 20+ hours per week (30+ hours for adoption reimbursement). Coverage takes effect on your first day of work (paid parental leaves are available after one year of service). ADI provides access to vendor partners and offers financial assistance for a variety of programs. To help balance work and family, access to back-up child and adult care is available through Bright Horizons. You may also be eligible for a paid parental leave of up to 2 weeks, and for reimbursement of up to $7,500 of adoption-related expenses.
Dependent Life Plan All regular employees who work 30+ hours per week. Coverage is available on your first day of work if you elect it within 31 days of your date of hire. Evidence of insurability will be required for late enrollments for spousal coverage. You pay 100% of the cost for coverage for your dependents. You can elect to cover your spouse (or same sex domestic partner) only, your child(ren), or both. The plan will pay a benefit in the event of your dependent's death according to the level of coverage you elect:
For children: birth to 19 years (to age 25, if full-time student): $5,000, $10,000, or $20,000
For spouse: $10,000, $25,000, $50,000, $75,000, or $100,000
Optional Accidental Death and Dismemberment (AD&D) Plan All regular employees who work 30+ hours per week. Coverage takes effect on your first day of work if you elect it within 31 days of your date of hire. Evidence of insurability is not required. You are also eligible to elect coverage for your spouse and/or dependent children if you elect coverage for yourself. You pay 100% of the cost based on the amount of coverage you elect for yourself and your dependents. Your beneficiary will receive the amount you select (from 1 to 5 times your base salary) if you die as the result of an accident. You will receive a benefit based on a schedule if you suffer a covered loss. There is a maximum benefit of $500,000.
You will receive a benefit if your covered spouse (or same sex domestic partner)/child(ren) die as the result of an accident. Your dependent will receive a benefit based on a schedule if he/she suffers a covered loss.
Business Travel Accident Plan All employees on their first day of work. ADI pays 100% of the cost for your coverage. Your beneficiary will receive up to $350,000 in case of your accidental death while traveling on company business and you will receive a benefit based on a schedule if you suffer a covered loss. You also have comprehensive medical and security assistance and support when you travel outside the U.S. on company business.
Short-Term Disability Plan All regular non-exempt employees who work 30+ hours per week. Coverage takes effect on your first day of work. ADI pays 100% of the cost for your coverage. You receive 60% of your base weekly salary for up to 26 weeks for an approved disability. There is a 14-day waiting period for benefits (waived in case of accident, injury, hospitalization, or day surgery). Benefits are coordinated with state programs where applicable.
Salary Continuation Plan All regular exempt employees who work 30+ hours per week. Coverage takes effect on your first day of work. ADI pays 100% of the cost for your coverage. Your full salary is continued for up to 26 weeks for an approved disability due to accident or illness.
Long-Term Disability Plan All regular employees who work 30+ hours per week. Coverage takes effect on your first day of work. Employees whose annual base pay exceeds $120,000 may also elect Supplemental LTD coverage. Basic: ADI pays 100% of the cost for your coverage.
Supplemental: You pay 100% of the cost based on the amount of coverage. Basic: You receive 60% of base monthly salary each month for approved disabilities that extend beyond 26 weeks. The maximum monthly benefit is $6,000. When other disability income is also received (e.g., Social Security, workers' compensation), total payments cannot exceed 60% of base monthly salary.
Supplemental: You have the option to purchase additional coverage to ensure a total benefit of 60% of monthly base pay, up to a total monthly benefit of $18,000.
Dependent Care Spending Account All regular employees who work 20+ hours per week. You may enroll within 31 days of your first day of work. Voluntary employee contributions are made through payroll deduction. You may contribute from your pay up to $5,000 per year in pretax dollars, deducted in equal pay period installments, in order to pay for eligible child care and/or elder care expenses.
Health Care Spending Account All regular employees who work 20+ hours per week. You may enroll within 31 days of your first day of work. Voluntary employee contributions are made through payroll deduction. You may contribute from your pay up to $5,000 per year in pretax dollars, deducted in equal pay period installments, in order to pay for eligible, unreimbursed medical, dental, and vision care expenses for you and your eligible family members.
The Investment Partnership (TIP) Plan All regular employees who are scheduled to work 1000 hours per year are eligible to make personal contributions beginning with the first pay period following their date of hire. Company contributions will begin upon completion of one year of employment. Voluntary employee contributions are made through payroll deduction; your basic and applicable matching company contributions are automatic. Employee Contribution: Up to 50% of eligible pay before taxes to a maximum of $16,500, and/or up to 5% of pay after taxes.
Catch-Up Contribution: Up to 25% of eligible pay before taxes to a maximum of $5,500 for employees age 50 and older.
Company Match: 100% match for the first 2% of eligible pay you contribute on a pretax basis, and 50% match for the next 2% of pretax pay you contribute. You are eligible to receive matching contributions once you complete one year of service.
Basic Company Contribution: An amount equal to 5% of your eligible pay is delivered tax-effectively through TIP and is made to your account each pay period once you complete one year of service.
Vesting: You are always fully vested in personal contributions. You become fully vested in basic and matching company contributions 3 years from date of hire or immediately upon death, permanent disability, or retirement (age 65).
Rollovers: Distributions from a prior employer's qualified plan may be deposited in TIP within 60 days of distribution.
Sick Time All regular employees. Employees who work less than 40 hours per week receive a prorated benefit. None. Non-Exempt Employees: After your first 90 days of employment, you are granted 48 hours of sick time. Thereafter, you begin to accrue sick time on a per-pay-period basis to an additional annual accrued maximum of 48 hours. You can sell back hours in excess of 48 hours once per year.
Exempt Employees: You receive up to 10 sick days per year. Unused time cannot be carried forward nor paid out at termination.
Vacation All regular employees who work 20+ hours per week. Employees who work less than 40 hours per week receive a prorated benefit. None.
Length of Service Accrual Rate
Less than 1 year 0.83 days per month
(10 days per year)
1 year, but less than 10 years 1.25 days per month
(15 days per year)
10 years to 14 years 1.66 days per month
(20 days per year)
15 years 1.75 days per month
(21 days per year)
16 years 1.83 days per month
(22 days per year)
17 years 1.92 days per month
(23 days per year)
18 years 2.00 days per month
(24 days per year)
19+ years 2.08 days per month
(25 days per year)
Education Assistance Plan All regular employees who work 30+ hours per week. ADI pays 100% of eligible expenses (tuition and related mandatory fees) up to $5,250 per year for approved undergraduate and $7,500 per year for approved graduate courses. You can enroll in an ADI job- or career-related degree or certificate program. Up to two courses per semester will be reimbursed for tuition, books, lab fees, and lab materials upon satisfactory completion of the course. Your payment may be taxed, depending on the program of study and the applicable IRS rules at the time of payment.