Work-Life Benefits

Be sure to scroll all the way down to get the most of your benefits!

Company-Paid Basic Life and AD&D

If your family depends on your income for basic life needs, having life insurance can be critical if something happens to you. CraftWorks Holdings provides Basic Life and AD&D insurance underwritten by Cigna.

The Basic Life Insurance benefit is one times your annual compensation, rounded to the nearest $1,000.

AD&D provides a payment to your beneficiary equal to your Basic Life benefit if you die as the result of an accident or partial payment to you if you lose a limb, sight, hearing, speech or become paralyzed.

You will see your benefit amount on your enrollment confirmation. Remember to designate at least one primary beneficiary. You may name anyone as your beneficiary to receive your Life Insurance and AD&D benefits in case of your death.

Supplemental Life

CraftWorks offers the opportunity to purchase Supplemental Life insurance for yourself and for your eligible dependents. Employee Supplemental Life coverage may be purchased in increments of 1 to 5 tiimes annual salary, up to a maximum of $500,000. (Note: Age reductions apply.)

Spouse Supplemental Life coverage is available at a $50,000 benefit amount up to age 70. Employees must be enrolled in Supplemental Life to obtain coverage for their eligible spouse.

Child Supplemental Life coverage is available at a $10,000 benefit amount. One premium covers all eligible enrolled children from live birth to age 26. Employees must be enrolled in Supplemental Life to obtain coverage for their eligible child(ren).

Employee Assistance Program

Get access to licensed clinicians to help you with emotional, behavioral, and other issues you may be experiencing such as help with finding pet care, elder care and caregiver support.

This benefit is company-paid.

What’s more, EAP services are available to anyone in your household as well. EAP clinicians are available in three ways:
→ You can meet with a contracted licensed counselor in person
→ You can talk with an EAP telephone consultant through Cigna, or
→ Live chat

Learn more →

Short-Term Disability (STD)

If sickness or injury prevents you from working for an extended period, you may be eligible for disability benefits. Short-Term Disability is a company-paid benefit administered by Cigna and is available if you are unable to perform your job due to a non-job related illness or injury.

Your STD benefits begin on your first day for accidents and eighth day of disability and last until you are able to return to work or 13 weeks, whichever happens first.

During the first seven days of disability—called the “elimination period”—you are required to use all but five days of your PTO. In the event that you ever need to utilize your STD benefits, remember to contact your benefits department to initiate a claim.

Your total benefit is up to 60% of your base salary.

Long-Term Disability (LTD)

Basic Long-Term Disability benefits are available if your illness or injury continues longer than 13 weeks. (Generally, LTD benefits begin after STD benefits end.) CraftWorks Holdings provides a Basic LTD benefit of 50% of base pay (maximum monthly benefit of $15,000).

Buy-Up Long-Term Disability coverage of 10% is available for team members to purchase (for a total of 60% combined with company paid LTD). Electing the buy-up plan option replaces an additional 10% of your base pay, totalling 60% of coverage up to a maximum monthly benefit of $15,000. The Core 50% benefit portion of Long-Term Disability is company-paid.

401(k) Plan

The maximum contribution a team member can make to their account is $19,000. If you are age 50 and over, an additional $6,000 may be contributed. You can actually make the catch up contributions while you are 49 and if you are turning 50 during the year.

Eligibility Requirements
To become eligible for the plan, you must meet all criteria:
• Be at least 21 years of age
• Have 12 months of service with at least 1,000 hours worked

Enrollment opportunities for newly eligible team members are held after one year of service. Once eligible, you will be informed of how to enroll online through Empower’s Retirement website. Once enrolled, you can manage your investments and deferral percentage online and change them anytime.

Employer Match
CraftWorks will match 25% up to 6% of your salary. To receive the full match, you must be contributing at least 6%. The match is calculated each pay period and applied to participant accounts following each quarter

More Work-Life Benefits

Be sure to scroll all the way down to get the most of your benefits!

Commuter &
Business Travel Accident

Team Members can set aside pre-tax dollars for qualified transit and carpooling expenses. You can enroll on a monthly basis, or simply choose to let your election roll over each month.

The Company-Paid Business Travel Accident plan covers you if you become sick or injured while traveling on approved company business.
Learn more →

Accident Plan

Group voluntary accident coverage from Chubb pays cash benefits for expenses associated with an accidental injury and can help protect your finances should an accidental injury occur. Our benefits correspond with treatment for accidental injuries including hospitalization, emergency treatment, intensive care, ambulance, fractures, medical expenses, plus more.

Indemnity Plan

Hospital Indemnity Plan This plan pays a $1,000 benefit when you are admitted to the hospital for a covered hospital stay.

Illness Plan

Critical Illness coverage can be elected in $10,000 or $20,000 increments and provides cash benefits for out-ofpocket expenses related to covered critical illnesses. This coverage also offers a $50 benefit for certain preventive screenings. There is also a recurrence benefit of up to 100% for cancer, heart attacks or strokes.

CraftWorks Holdings permits Piper Jordan to offer employees of CraftWorks Holdings certain voluntary insurance programs. Whether you choose to enroll in any of these programs is completely optional and voluntary. CraftWorks Holdings does not make a contribution towards the cost of these programs and employees pay the full cost of premiums on an after-tax basis. CraftWorks Holdings does not sponsor, maintain, endorse, recommend, or promote these voluntary programs. CraftWorks Holdings’ involvement regarding these voluntary insurance programs is strictly limited to allowing the insurer access to employees to publicize these programs and CraftWorks Holdings may perform certain ministerial functions such as payroll deduction and forwarding employee premium payments to the insurer. CraftWorks Holdings does not receive any consideration in the form of cash or otherwise in connection with the program, other than reasonable compensation, excluding any profit, for administrative services actually rendered in connection with payroll deductions. Accordingly, these voluntary insurance programs are not subject to ERISA and related regulations. All questions or claims regarding these programs should be directed to the insurer.

In the event of any conflict between the content contained herein and the Summary Plan Description (SPD), the provisions of the Summary Plan Description (SPD) shall prevail.
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