ity offers a very comprehensive benefits package that includes:
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Medical insurance
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Dental insurance
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Vision insurance
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Short-term disability
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Long-term disability
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Life insurance policy of $50,000
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Voluntary life insurance - you may contribute (pre-tax) for additional life insurance coverage for you and/or your family
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Accidental death and dismemberment policy of $50,000
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Cafeteria plan (Section 125 flex plan) – the plan allows you to set aside pre-tax dollars for childcare and medical expenses
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401(k) plan (information below)
| $2,500 Deductible Plan | $1,000 Deductible Plan |
| Employee Only - $0.00 | Employee Only - $59.91 |
| Employee + Spouse - $32.33 | Employee + Spouse - $160.03 |
| Employee + Child(ren) - $24.23 | Employee + Child(ren) - $134.58 |
| Family - $63.06 | Family - $241.20 |
401(k) Plan
ity offers a 401(k) plan through John Hancock, where you are able to set aside pre-tax dollars for your retirement. You may defer up to 100% of your compensation each pay period, up to the dollar limit imposed by the IRS ($15,000 for 2006). Any contributions you make to your 401(k) account reduce your gross monthly earnings, thereby reducing your current tax liability. So, contributing to a 401(k) plan can provide tax savings. Your contributions, if any, are completely voluntary.
If you make 401(k) contributions, Dresser-Rand ity will make the following matching contributions on your behalf:
| Tiers of Contributions | Matching Percentage |
| First 3% | 100% |
| Next 2% | 50% |
Time Off
Our standard vacation schedule begins at 2 weeks per year and an additional week is earned for every four years worked. ity also provides six sick days and nine company holidays per year.