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Benefits at EXP
At EXP, we approach our employee benefits package differently, giving you the flexibility and autonomy to make the choices that best reflect your needs.
We don’t rely on the traditional payroll deduction method where your benefit premiums subtract from your base salary. Instead, we give you additional dollars above and beyond your base salary and put that money into what we call an Individual Benefit Account (IBA).
You decide how to allocate your IBA funds each year. First, you determine your health and dependent care needs, with the option to select from EXP’s group plans for:
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Health Care Savings Account (HSA)
- Dependent Care Flexible Spending Account (DFSA)
After you make these choices, whatever’s left in your IBA rolls into an equivalent number of days of paid time off (PTO). That’s right! Instead of starting with as little as two weeks of PTO like your peers at other companies, you can use your remaining IBA funds to take off up to 45 days (11 holidays plus your PTO) in any calendar year, including your first at EXP.
Don’t want or need that much PTO? Fine. Don’t worry. At EXP, you’ll never “use it or lose it.” If you take fewer PTO days than the remaining funds in your IBA support, the rest of your IBA turns into cash at the end of the year. Don’t want to wait until the end of the year to tap into that extra money? Fine again. You can have a portion of your IBA paid out to you incrementally in each paycheck.
What if you receive medical, dental and/or vision benefits from another source and don’t want or need ours? No worries. If you choose not to enroll in our health and welfare benefits, those costs aren’t deducted from your IBA. Your IBA is yours, no matter what. It’s up to you to choose how to use it. Now that’s flexibility and autonomy.
Our attractive IBA represents a big part of our benefits story, but there’s more. We also offer:
- 401(k) with up to 12% company match (100% match on the first 6% of your contribution, up to 3% profit share at year-end, and a 3% Safe Harbor contribution EXP makes on your behalf, regardless of whether you contribute to your 401(k) or not)
- Tuition reimbursement of up to the IRS limit of $5,250 per calendar year
- Student loan repayment assistance
- Pre-tax commuter reimbursement plan
- Free tickets to local sporting, entertainment, and theater events
- Discounted tickets to parks, car rental, concerts, and much more
As a company, we believe deeply in the value of community service, non-profit support and volunteerism. That said, we understand that every individual’s passions and priorities differ. That’s why we’ve partnered with the United Way to establish a Charitable Giving Program that allows our team members to choose the missions they would like to support – from over 1.8 million non-profit organizations – and we match up to $500 of each person’s contribution.
Want to volunteer your time instead of your money? For every 10 hours that you volunteer, EXP will donate $125 to that organization – up to $500 per team member.
Flexibility, autonomy, and caring. It’s all part of our corporate culture at Expedition Technology. Come join our team!