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 Employee Benefits: United States
 

At TAC, we not only value the contributions you make to our success, but recognize the importance of providing top—notch employee benefits!

Because we understand that your benefits are a major part of your compensation package, we have worked hard to design an outstanding benefits program aimed at protecting the health, financial security, and quality of life for you and your family. 

From our comprehensive medical, vision and dental insurance and generous 401(K) savings program to our excellent educational assistance plan and on-site Health Club—we'll have you covered!

TAC offers at no cost to employees, except as noted:

Insurance - Medical
Medical Insurance

TAC offers medical insurance through Blue Cross and Blue Shield of Massachusetts. 

Blue Care Elect Preferred (PPO) is available for all employees.  Employees residing in New England have the option of a choice between Blue Care Elect Preferred (PPO) or HMO Blue New England.  Employees residing in Puerto Rico have medical insurance through Triple S.

BlueCare Elect Preferred (PPO) provides convenient, low-cost coverage in their preferred provider network, plus the choice to go out-of-network when you wish. For each in-network service, benefits are paid at 100% after a $10.00 co-payment. There are no deductibles and no claim forms. Out-of-network benefits are subject to a deductible and paid at 80%. Both in-network and out-of-network services do not need a referral.

HMO Blue New England provides convenient, low-cost coverage in their provider network.  A Primary Care Physician (PCP) is required. Referrals are needed when visiting someone other than your PCP.  For each network service, benefits are paid at 100% after a $10.00 co-payment.  

Coverage begins on the first of the month following employment.

Vision Care

Vision Care is included with the medical coverage. The plan pays for eye examinations, prescription lenses and frames according to the schedule found in the summary plan description. The premium is paid 100% by the company.

TAC pays 85% of the medical/vision premium.

Coverage begins on the first of the month following employment.

No Medical Coverage

You must have some form of medical coverage. We recognize, however, that your arrangements for protection against medical expenses need not necessarily be provided by our plan. 

You may already have coverage from your spouse’s employer or from another outside plan. If so, you may elect not to have medical coverage under our plan. By doing so you have elected No Medical Coverage. This option may be selected only if you complete and sign the statement of the Enrollment Form describing the source of your medical coverage, including (1) the name of the company through which you are covered and (2) the policy number. 

If you select No Medical Coverage, TAC will give you an additional $1,040 of taxable income which you will receive in weekly increments. You and your family will be covered for all other benefits, including life and disability, at no cost.

Prescription Drugs

Through Blue Cross and Blue Shield of MA, prescription drugs there is only a $10 (generic), $25 (preferred), $45 (non-preferred) co-payment. In addition, there is a convenient mail order drug plan available. The premium is paid 85% by the company. 

Insurance - Other
Dental Insurance

TAC offers dental insurance through Delta Dental. The dental plan pays 100% of usual and customary fees for preventative services. 

After you pay a calendar year deductible, the plan pays 85% for restorative services and 50% for major restorative services. Orthodontic Care is available for dependents up to age 19. The premium is paid 85% by the company. 

Life and Accidental Death and
Dismemberment Insurance (AD&D)

TAC provides employees with extensive group life coverage at an amount equal to three times your base annual salary, to a maximum of $250,000. Employee Accidental Death & Dismemberment coverage is an additional amount equal to three times your base annual salary, to a maximum of $250,000.  The premium is paid 100% by the company.

Coverage begins on the first of the month following employment.

Disability Benefits

Employees are provided with a short-term disability (STD) benefit that provides employees with a percentage of their pay for up to 26 weeks in the event of a non-occupational illness or accident. Employees become eligible for short-term disability coverage after thirty days of employment.

After 26 weeks of continuous disability, the long-term disability (LTD) plan provides a benefit equal to 60% of regular base monthly salary to a maximum of $10,000 per month. LTD benefits continue until you are able to return to work or reach age 65. The premium is paid 100% by the company.

Business Travel Accident Insurance

TAC pays the full cost of a business travel accident insurance policy by which employees traveling on Company business are insured for three times their annual salary with a maximum of $500,000, and an aggregate limit of $2.5 million per aircraft accident. This benefit is effective as of the employment date.

Employee Savings Plans

Section 125 Pre-Tax Payment Account

If you choose Medical Coverage, this account will allow you to contribute your share of the cost of your medical coverage through pre-tax deductions from your paycheck. In other words, your own contribution for your medical coverage will not be subject to federal or state income taxes or to Social Security (FICA) tax.

Dependent Care Reimbursement Account

A dependent care reimbursement account can help you channel up to $5,000 per year, tax-free, toward needed expenses. Funded with pre-tax dollars this account can be established in order to pay various bills. 

The dependent care reimbursement account can only be used to pay for the dependent care that enables you to work. These expenses may include child care, care of a disabled spouse and/or disabled or aged parent. This account is subject to IRS regulations. Details are available from Human Resources.

Health Care Reimbursement Account

This account may be used for certain medical expenses that are not covered by medical, dental or vision such as co-payments, deductibles, braces, lasik surgery, prescription sunglasses, and hearing aids.  You may defer up to $2,500 of your pay, tax-free, into the Health Care Account each year.  The account is subject to IRS regulations.  Details are available from Human Resources.

401(k) Savings Plan

TAC offers eligible employees a tax-deferred salary saving plan through Fidelity Investments that allows you to save money by reducing your taxable income by the amount of your contribution. Your contribution will be automatically deducted from your paycheck and deposited into one of eighteen investment accounts.

You may contribute up to 60% of your weekly gross compensation, subject to IRS limitations. Through an 800 number you can access your account 24 hours/day. TAC will automatically match $.50 for every pre-tax dollar you contribute, up to the first 6% of your annual pre-tax compensation. 

In addition, the plan includes a loan provision that allows you to borrow from your account. You are 100% vested with the employer match after one year of service.

Employees are eligible to join the plan immediately.  

Holidays-Vacation Schedule
Holidays

TAC observes 11 paid holidays each calendar year. The holiday schedule is determined and published in December. For regular part-time employees, holiday pay is provided on a prorated basis.

Vacation

Full-time employees accrue vacation beginning with the first day of employment. For up to five years employment you can accrue up to fifteen days per year. 

After five years, seventeen days can be accrued and after ten years, twenty-two days can be accrued. 

For regular part-time employees, vacation is accrued on a prorated basis.

Employee Assistance
Life Balance Program

Life Balance is the one-stop employee resource that offers you and the other key people in your life free, confidential assistance with all the issues of daily living.  The program offers practical solutions, information, advice and support on a wide range of issues of work-life such as parenting, childcare, care of elders, financial, legal issues, and employee assistance needs such as work issues, emotional well-being, and every day issues.  For more information contact Human Resources.

 Educational Assistance

To assist employees in their career development, regular full-time employees are eligible for reimbursement of tuition fees at a rate of 100% for a passing grade to a maximum of $4,000 a calendar year.

Employee Referral Program
Employee Referral Program (ERP)

TAC encourages employees to refer qualified individuals for positions available within the Company and offers the following bonuses as incentives:

$300 for non-exempt/hourly placements

$1,000 for exempt placements

$3,000 for Management/Sr. Engineering placements

Full details on referral procedures and specific conditions may be obtained from Human Resources.
ACC  Workplace
Business Casual

Every day is business casual dress day at TAC!

Cafeteria

The cafeteria is conveniently located next door at 200 Brickstone Square. It offers a wide assortment of breakfast and lunch amenities. Company identification is needed.

Credit Union

TAC offers the services of a credit union to all employees. The credit union enables employees to save money through payroll deductions and to take advantage of the competitive rates, terms and programs, such as checking and savings accounts, vacation and holiday club, CD’s, IRA’s and loan programs.

Direct Deposit

TAC will electronically deposit an employee’s paycheck into his/her personal checking or savings account at any bank in the United States.

Employee Activity Committee (EAC)

Throughout the year there are various social activities which are sponsored by the EAC. These activities include holiday and service award parties, summer outing, ski trips, canoe trips, golf, racquetball, softball, volleyball, and tennis leagues. 

TAC also sponsors a luncheon, children’s holiday party, summer barbecue and a number of charitable events.

Health Club

TAC Health Club is open to all TAC employees. The facility is equipped with locker rooms, a number of aerobic and selectorized weight lifting machines and a universal gym. 

The health club is open seven days/week. Employees may bring a guest into the health club after 5:00 p.m. on weekdays and anytime on weekends.

Personal Insurance

Personal Insurance is offered through payroll deduction. It is a convenient way to pay auto, home, or rental insurance or to purchase additional life insurance coverage for you and your family.

Smoke-Free Workplace

TAC is strongly committed to keeping you healthy and happy at work. Employees are provided with a smoke-free workplace and are encouraged to take advantage of the various wellness programs available throughout the year. Monetary incentives are offered for some programs.

*This document is only a summary of TAC' benefit programs and is subject to change.

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