This page provides a summary of the major benefits Bud Mahas Construction provides for all of our employees. Some benefits are automatic upon hire, others require enrollment. Each of these benefits provides a serious enhancement to the hourly wage or salary of our employees.
Follow the links provided below to access more information, forms and account activity from our benefit providers.
- Health Insurance
The Company provides health insurance for our employees and contributes toward the premium cost. We even contribute to a health saving account which we establish for participants in the group health plan. See the ‘Health Savings’ section for detailed information.
New employees can enter the plan the first of the month following 60 days of continuous employment from date of hire. Current employees can enter the plan during open enrollment which is during November of each year. Current employees who are in the plan already do not need to enroll again. Beginning January 2108, the plan year will be a calendar year.
To enter the plan you must complete an application during the 60 day waiting period for new employees or during the open enrollment for current employees. Government restrictions will not allow entry dates other than these, other than for a very few exceptions.
Select Health is the provider of our health insurance beginning January 1, 2018. Their website is quite useful in locating facilities, examining benefits provided by our policy, accessing claim history, etc. Click here to register and then login to view your personal account information, view claims, find a doctor and even refill a prescription.
USI Insurance Services LLC is the third party administrator of our group health insurance plan. They can field any question you may have regarding our health insurance policy including, covered services and products, prescriptions and billing disputes. They may be contacted at:
USI Insurance Services LLC
1100 E 6600 S, Suite 280
Salt Lake City, UT 84121
Direct: (801) 713-4518
Toll Free: (800) 575-1126
- Health Equity Health Savings Account - H.S.A.
The Company contributes toward the healthcare costs of our employees by making voluntary contributions to health savings accounts for participants in the group health insurance plan. A health savings account is merely a separate bank account that you own. This account is yours. The balance is never forfeited and if you leave employment the balance and account go with you.
The balance grows through voluntary employee contributions through payroll withholding and voluntary company contributions. Employee contributions are elected each year by completing an election form. No employee deductions will be taken without providing an election form for each calendar year you wish to contribute to your account.
If you want to have online access to your Optum Bank HSA to view frequently asked questions (FAQ), view transactions, pay qualified medical expenses and view balances, etc. go to Heatlh Equity account manager. Go here to register.
Health Equity application
- Cafeteria Plan
The Company has a Cafeteria Plan in place to help employees save on qualified expenses. You do not have to participate in the group health insurance plan to use the Cafeteria Plan.
In this plan employees make pre-tax contributions to their account to be used for qualified dental/vision/medical expenses. For assistance with your cafeteria plan, contact the administrator via their website where you can check your cafeteria plan balance on line.
Common Forms can be found on the administrator’s website.
They also may be contacted at:
Wasatch Employee Benefit Service, Inc.
PO Box 510566
Salt Lake City, UT 84151
Direct: (801) 521-8777 ext 2
Fax: (801) 521-8780
- Profit Sharing, 401k, Roth 401k
The Company periodically makes voluntary contributions to a profit sharing plan of up to 15% of qualified wages and will match up to 4% on a 401k / Roth 401k. You are automatically enrolled in this plan upon your hire date. You will enter the plan on the first September 1 after your hire date. You may begin to make contributions to your 401k / Roth 401k beginning on your plan entry date. To qualify for a company profit sharing contribution you generally must be employed on September 1 and August 31 of the following year. The company contribution becomes yours based on years of service. After six years of service the company profit sharing contribution is 100% yours. Amounts you contribute to a 401k / Roth 401k are always yours, as is the company match portion.
You have the responsibility for making your own investment decisions from among the investment options provided by the Company. If you don’t make investment elections your funds will be deposited into the default fund which is an interest bearing fund with little to no market risk.
Participation in the 401k / Roth 401k portion of this benefit requires that you make an election. No contributions will be withheld from your check until this election is made. The election will remain unchanged unless you submit another election form to change your contribution.
You can access and manage your profit sharing / 401k / Roth 401k account managed by Trautmann Maher. Through their website you can make investments, receive retirement and investment education, view balances, apply for loans, etc. If you need to have a password reminder or reset, please call (888) 700-0808 between the hours of 8am and 6pm Mountain Time.
For investment advice please contact our designated Investment Adviser:
These and other forms can be obtained at www.yourplanaccess.net/nwps