+ Benefits HighLights
RAM Laboratories, Inc. offers a variety of benefits designed to fit the needs of our employees and their families. Below, please find highlights of the choices available to eligible RAM employees.
ELIGIBILITY FOR BENEFITS
All eligible full-time and part-time employees
Cafeteria Plan (Section 125)
RAM Laboratories, Inc. provides Life Insurance coverage to all employees at no cost to the employee.
Supplemental Life Insurance - available additional coverage at a minimal cost to the employee.
401K RETIREMENT PLAN
Employees may contribute 1% - 12% of their gross compensation up to the annual allowed maximum.
RAM Laboratories, Inc. provides an employer contribution.
COLLEGE BOUND FUND PROGRAM
A flexible college savings program that helps make saving for higher education easier.
Tax-Free Earning Growth
No Income Limits
Low Minimum Investments
Choice of Investments Options
EMPLOYEE ASSISTANCE PROGRAM
EAP is a prepaid benefit at no cost to the employee, which provides confidential professional assistance to employees and eligible dependents. Private and confidential counseling is offered 24/7 that addresses a full range of personal concerns.
TUITION REIMBURSEMENT PROGRAM
RAM Laboratories, Inc. provides subsidies for tuition reimbursement for employees. Assistance is provided to assist in the continued education of our employees. Reimbursement is contingent upon an acceptable letter grade or certificate and 12 consecutive months of employment.
PERSONAL TIME OFF
RAM Laboratories, Inc. combines vacation and sick leave into one account, which is entitled Personal Time Off or PTO. PTO may be used for vacation, illness or personal requirement and accrues from the first day of employment.
RAM Laboratories, Inc. offers ten paid holidays to all eligible employees. One of these holidays can be used at the employees’ discretion.