Areté Associates takes pride in providing a creative, dynamic work environment coupled with a comprehensive benefits package. Our strategy is to furnish a rich level of benefits in order to attract and retain the very best talent. In addition to the benefits listed below, the greatest benefit to working at Areté is the flexibility bestowed to employees aligned with our culture and strong family values. Areté promotes a healthy work/life balance by offering flexible work schedules and liberal leave policies. Our benefits are continuously being evaluated not only to ensure employee satisfaction, but also to adapt to the demands of an evolving workplace.
We encourage you to review the benefits we offer by clicking on the quick links listed below or by scrolling down the page.
Health Care Benefits (Eligible on first day of employment)
- HMO or PPO Medical Plan Options – Employees pay a moderate cost share of the monthly medical premiums
- Dental Plan – Areté pays the entire monthly premium
- Vision Reimbursement Plan – Areté covers vision care expenses for employees and dependents
Retirement Plan Benefits
Areté contributes the sum of 10% of annual salary to qualified retirement plans; employees are eligible on the first day of employment and are 100% vested after 2 years of service; no employer-matching requirements.
- T. Rowe Price 401(k) Plan
- Areté contributes 5% of annual salary to your qualified 401(k) plan
- Areté offers both traditional and ROTH 401(k)plans
- Employee Stock Ownership Plan (ESOP)
- Areté contributes approximately 5% of annual salary to your qualified ESOP retirement plan
- Employee ESOP accounts grow as the value of the company increases
- Provides employees with equity ownership in the company
Paid Time Off and Holiday Pay
- 19 paid days off per year; increases to 25 days per year after three years of employment
- 9 paid Holidays per year
Transit and Parking Benefits
- Areté pays for qualified transportation and parking expenses for employees up to the IRS allowable limit
Fitness Reimbursement Benefit
- Areté reimburses employees up to $400 per year for fitness-related expenses, including gym memberships and/or fitness classes such as yoga, martial arts, etc.
Short and Long-Term Disability Insurance
- Income protection of about 60% of an employee’s weekly salary (tax-free) in the event that a qualifying disability continues beyond a specified waiting period
Educational Assistance and Work-Related Certificate Programs
- Areté reimburses employees up to the annual IRS allowable limit to continue their education and/or to obtain work-related certificates
Flexible Spending Accounts
- Employees can elect to set aside pretax dollars for qualified medical and dependent care expenses up to the Federal allowable limits
Life Insurance
- Areté provides term coverage equal to two times annual salary for employees
- Employees can purchase additional coverage for themselves and dependents under group plan rates
Long Term Care Insurance
- Areté provides employees with $3,000 monthly benefit for 2 year duration, 90 day elimination period
- Employees can purchase additional coverage and benefit options for themselves and dependents
- Relatives are eligible to enroll at discounted premiums
Travel and Accident Insurance
- Areté provides coverage in the amount of $250,000, payable in the event of accidental death while traveling on company business
On-Site Technical Library
- Areté offers print and electronic resources with an emphasis on physics, engineering and math
- Topics include infrared imaging, optics, digital image processing, programming and graphics, as well as physics of radar, fluid mechanics, heat transfer, statistics and thermodynamics.
- The library also serves as a repository for peer-reviewed journals and industry periodicals.
Other Benefits Include:
- Bonus and Incentive Awards
- Employee Referral Bonus Program
- Professional Dues and Subscriptions
- Charitable Matching Gift Program
- Employee Assistance Program
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