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Our Benefits
 

Insurance 401K Other Benefits

At Old World we understand that our greatest assets are our employees. We want people to enjoy their work, pursue their dreams, and think big. Part of the fun of working at a smaller firm is the increased freedom to do whatever we, as a company, decide to do. That may mean a picnic, a baseball game outing, a hot dog day, or whatever else we can think of. So keep thinking and let us know what you come up with. It is our goal to create an environment where we challenge each other to grow personally and professionally.

As a company Old World Industries prides itself on providing superior customer service and quality products to our customers. The Old World Human Resources staff is in the same way dedicated to superior customer service and employee satisfaction with regard to recruiting, benefits, compensation, employee relations, training, travel and payroll services. The growth and success of Old World has in large part depended upon its qualified people, regardless of age, sex, race, color, religion, national origin, ancestry, marital status, veteran status, physical or mental handicap, disability, military status, or any other legally protected status. We believe in hiring and helping to develop the best people available based upon job related qualifications.

We may not offer every benefit option on your wish list, but be assured, Old World provides for its excellent performing employees in ways you may not have thought possible. At Old World, you will get back from us what you put in to your job. Give us a chance to be your employer and we are confident you'll stick around for years to come…. 

Overview

Old World Industries offers a comprehensive medical, dental and vision insurance program. New employees are eligible to participate in the program the first day of the month following their hire date. Our medical program is based on a preferred provider network (PPO) using the Blue Cross Blue Shield network. Our dental insurance program is not network based and allows employees and their families to visit the dentist of their choice.

To provide employees more financial control for their medical spending, Old World has adopted a Consumer Driven Healthcare Plan (CDHP). Although this type of plan includes higher deductibles than traditional insurance programs, it also includes a Healthcare Reimbursement Arrangement (HRA) and offers Flexible Spending Accounts. The goal is to manage healthcare costs by putting decision-making control in the hands of the consumer - each employee. Ultimately it is the employee in conjunction with their healthcare provider who should decide the best course of treatment. 

The following is a brief description of our benefits package. 

This information is intended to provide a basic understanding of our benefit programs and in no way intends to convey complete information. Specific questions may be directed to the Human Resource Department at 847-559-2195.

 

Old World Healthcare Plan Partners: 

Healthcare Plan. Full time employees and dependents are eligible on the first of the month following hire date. After annual deductible is met in-network services are paid 90% / 10%. The BlueCross BlueShield PPO provides a national network of health care providers and facilities.

BlueCare Dental Freedom PPO. In addition to medical, Old World also offers dental plan

  • No Network - you can go to any dentist and receive reimbursements based on the plan design, or
  • BCBS - where dentist discounts agree to charge discounted fees that can save you between 25-40%.

Deductibles. Shared by employee and Old World. One deductible includes health, dental, vision, and prescription programs.

Learn more at http://www.bcbsil.com

 

Old World provides over-the-counter prescriptions co-pay benefits as well as mail order prescription benefits where you can order long-term medications and receive a multiple-month supply of most drugs at a discounted co-pay cost.

You can learn more about it at http://www.primetherapudics.com.

 

PayFlex

Flexible Spending Account - PayFlex. Flexible Spending Account (FSA) is an excellent way to stretch your income dollars. Employees may contribute specific pre-tax amounts from their paycheck into an account to pay for out-of-pocket medical expenses and for dependent care expenses.

Learn more at www.payflex.com.

 

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Other fringe benefits: 

Basic Life and AD&D: Eligible the first of the month following hire date Old World pays for a basic $100,000 life and AD & D insurance policy for full time eligible employees. 
 
Supplemental Insurance: You may purchase additional life insurance on yourself, your spouse, and/or your children at your own cost but at a group discounted rate. Additional supplemental life, AD & D, and dependent life insurance may also be purchased. These are portable policies.
Long Term Disability: The LTD program is a fully insured elective benefit with the employee paying the entire cost of the premium ($.275 / $100 wage).

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Retirement Savings Plan: 

Old World provides a 401(k) / Profit Sharing retirement savings plan for full-time employees. Eligible employees may enroll several times per year and defer from 1% to 80% of eligible compensation. Old World currently matches 50% of your contributions up to 6% of your eligible compensation. Eligible employees become vested in employer contributions over a five-year period.

For fund information go to www.ml.com.

 


Vacation: 
All eligible employees after 90 days earn their allotted vacation time each pay period. 1st year is pro-rated.

 


Sick Days 
All regular full-time employees are entitled to five (5) days paid sick leave per calendar year. During the first calendar year of employment, sick leave is earned on a pro-rated basis. 

Short Term Disability: In the event of absence because of total medical disability the Company provides STD payments to eligible employees employed at least six (6) months prior to disability. Length of payments are based on an employee's length of continued service.

 


Holiday
Old World provides 10 paid holidays each year, divided between "recognized" (i.e. New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas Day) and "designated" Personal Choice Holidays. During the first year of employment personal choice holidays are earned on a pro-rata basis.

 


Jury Duty 
You are encouraged to comply with civic duties and are compensated while doing so.

 


Bereavement 
If it is necessary for you to be absent to attend the funeral of your immediate family, arrangements may be made with your supervisor for a reasonable amount of time off. The following relationships are considered as immediate family (spouse, parents, parents-in-law, brother, stepbrother, sister, stepsister, child, stepchild, grandparents & grandchildren). 

 


Payroll 
Pay periods are semi-monthly. Each pay normally compensates employees for hours worked that were claimed at the end of the last pay-period plus or minus and adjustments from previous pay-periods. Eligible Employees are required to have their pay directly deposited into their checking or savings account.

 


Tuition Aid 
Old World recognizes the need for individuals to update their skills and knowledge so that can compete in today's industry. Our Education Assistance plan helps us to achieve this goal while assisting you to achieve individual educational goals. In order to receive tuition aid, you must complete the necessary eligibility period. You will be reimbursed according to the Tuition Assistance Program (TAP) policy.
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Other Old World Benefits: 


Free Membership to on-site Company Fitness Center 
The workout center is a free on-site benefit available to all eligible employees. The center is open Monday through Friday during business hours. Showers and locker room is also available. This voluntary employee benefit is not open to the public. 

 


In-house Cafeteria 
Old World provides free coffee, tea & hot chocolate in the company lunchroom for your pleasure. In addition a lunch program is typically offered on 3 days/week throughout the year. One pass through the buffet is $3.50 per person. Vending machines with soda, water and snacks are also available for your convenience. 

 


Office Hours 
Full-time employees work 7.5 hours daily (37.5 hours weekly). Regular work hours for full-time employees are from 8:30 a.m. - 5:00 p.m. All full-time employees may take a one-hour lunch break. Minimum lunch break of one-half hour is required. Your manager must approve any lunch break shorter than one-half hour. Lunches should generally be taken between the hours of 12:00 noon and 2:00 p.m.

 


Work Environment 
We have a business casual dress code every day, with casual Fridays.
Offices and cubicles are all on one floor.
Open door management for up to the minute answers and feedback.

 


Free Parking 
On-site parking at no cost 

 


Company Outings 
Vary by year, we may have a family picnic, go to a ball game or plan another event.

 


Postage Account
Office Services allows personal mail to be posted by the Old World Mailroom. Participating employees will receive a statement via email each month indicating the amount of postage used for that month. The amount of postage used will be deducted from your paycheck.

Sam's Club Membership 
All Old World employees are eligible for a free Sam's Club Membership.

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