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Home > Careers at MMI > Employee Benefits
MMI Summary of Employee Fringe Benefits
Unless otherwise stipulated, regular full-time employees become eligible for benefits upon successful completion of the 3 month introductory period. Employees must work at least 30 hours per week to be eligible for these benefits. This is not intended to be a comprehensive list of benefits but should give employment candidates an idea of the generous package the agency provides to staff.
Health Insurance: Medical (including Rx), Dental, and Vision
MMI offers group medical, dental, and vision insurance to regular full time employees. Employees become eligible on the first of the month following completion of the introductory period. Dependent coverage may also be purchased. Eligible employees are required to contribute a share of the premium. The amount is based upon the level of benefit coverage selected.
Flex Benefits
Employees who have proof of alternate health insurance may opt to refuse the group coverage in lieu of additional compensation. The amount of the cash option is determined annually and paid semi-monthly.
Paid Holidays
MMI offers twelve paid holidays to regular full time employees. Holidays given include: New Year's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the following Friday, Christmas Day and the week between Christmas and New Year's. Some employees will be required to work on holidays and will receive additional compensation.
Paid Time Off
Paid Time Off (PTO) credits will be earned by regular full and part time staff and are computed on an hourly basis. Paid Time Off is offered in lieu of sick and vacation leave, which is offered in many companies. Employees must complete 3 months of employment before being eligible to use PTO and in general, PTO is to be scheduled in advance. The days of PTO recorded below apply to full-time regular staff scheduled for at least a 40 hour work week. Regular full or part time employees scheduled for less than 40 hours will earn a pro-rata share of these PTO hours.
| First 2 years of employment | 15 days per year |
| 3rd through 5th year | 18 days per year |
| 6th through 9th year | 23 days per year |
| 10th through 15th year | 26 days per year |
| 16th year and above | 30 days per year |
Paid Time Off Conversion
At the end of each calendar quarter, employees who have celebrated an anniversary of regular full or part time employment during that quarter may be entitled to convert up to one week of PTO to cash (if qualifying conditions are met).
Profit Sharing 401(k) Plan
For staff financial security upon retirement, MMI has established this long-term retirement plan. Covered employees become eligible for participation and may enter the plan in either July or January following completion of one year of service. Employees may elect to have their salary reduced to make tax-deferred contributions of up to $14,000 per year (Federal limit for 2005). MMI will contribute a 50% match to the first 4% of salary contributed. (i.e. If the employee contributes 4%, MMI will contribute 2%, etc.) Employees direct their own investments by choosing from among 12 American Funds.
Life Insurance
MMI provides life insurance to full time regular employees at the rate of twice the employee's annualized salary or wages.
Section 125 Plan
The Section 125 Plan allows employees to reduce their taxable income (thereby saving money in taxes owed) by authorizing a pre-tax salary deduction to set aside funds for the payment of medical premiums, unreimbursed medical expenses, and for dependant care expenses.
Supplemental Benefits
MMI provides employees the opportunity to purchase supplemental insurance products through payroll deduction, as well as make contributions to tax-deferred annuities. These products are purchased by the employee at their own expense and are offered through AFLAC and Northwestern Mutual Life. This option includes the following:
| Cancer Recovery* | Life Insurance |
| Personal Recovery* | Long-term Disability Insurance |
| Short-term Disability Insurance | Tax-deferred annuities* |
| *Pre-tax deductions for premiums |
Educational Benefit
Requests for support of advanced education in a field directly related to the employee's career with MMI will be considered after the completion of one year of full-time employment. When approved, up to 75% of the cost of one course per semester may be reimbursed when the employee earns a grade of C or better for the course.
Supervisory Career Track
Employees who have an interest in advancing to the supervisory level within the organization but who lack the required two years of supervisory experience to do so, may apply for MMI's Supervisory Career Track program. This intensive course of study is designed to provide qualified employees the opportunity to supplement their employment experience and gain some of the additional expertise that is expected of candidates for supervisory positions. One year of work experience at MMI is required before a candidate will be approved.
To find out more about careers @ MMI call our Human Resource Department at: 888.773.7MMI or e-mail at: hr@mmionline.com
To find out more about MMI and it programs call 888.773.7MMI or e-mail at: mail@mmionline.com
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