As an employee-owned company, Padilla Speer Beardsley is committed to offering benefits that rise above industry standards, including:
We pay nearly 100 percent of medical premiums for participating full-time Minnesota employees and their families. All participants pay a small co-pay for services. Employees are eligible for health coverage on their first day of work.
We cover 100 percent of premiums for preventive dental care for full-time employees and their families. Employees are eligible for dental coverage on their first day of work.
Employees health and/or dental coverage are reimbursed if they have coverage elsewhere.
Annual Profit-Sharing Bonus
We are proud to be an early adopter of sharing our profits among all employees. It's the right thing to do. Each bonus depends on company profitability and individual performance.
Paid Time Off
Paid Time Off (PTO) offers flexibility for employees. New employees earn three weeks throughout the course of a year. PTO is used for any reason an employee may need to take time off - mental-health day, vacation, personal illness, study time, health-care appointments, personal business, funeral, care of sick children or other family members, attendance at school functions, and religious and national holidays not included in Padilla Speer Beardsley's provided holidays.
No-Cost Life Insurance
Padilla Speer Beardsley provides every full-time employee with a $20,000 life insurance policy, at no charge.
After 90 days of service, all employees are eligible for Padilla Speer Beardsley-paid short-term and long-term disability coverage.
Padilla Speer Beardsley contributes annually up to five percent of total compensation (salary plus bonus) to each eligible employee's 401(k) account. Employees also can choose to make their own pre-tax contributions, but are not required to do so.
Employee Stock Ownership Plan (ESOP)
As an employee-owned company, our employees share in our success. An ESOP is a qualified retirement plan that does not require employee contribution. After one year of service, employees begin accumulating Padilla Speer Beardsley stock at no cost.
Depending on the company's profitability, Padilla Speer Beardsley will contribute up to 15 percent of total compensation (salary plus bonus) to each eligible employee's account. There is a six-year vesting schedule for the Padilla Speer Beardsley ESOP.
Dependent Care Flex Plan
Employees can redirect a portion of pretax salary to purchase dependent care.
Employee Assistance Program
Employees and dependents have access to counselors who can help them deal with life issues.
Family and Medical Leave
After 12 months of service, employees are eligible to take a family or medical leave of absence.
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