To support our associates in meeting their personal financial goals, Major Pharmaceuticals offers the following financial benefits:
Associates may contribute a portion of their earnings on a pre-tax basis. Associates are eligible to begin contributing to the 401(K) Savings and Investment Plan (the Plan) on the quarterly plan entry dates following 30 days of employment. These contributions include a 100% match on the first three percent of an associate's income and an additional 50% match on the next 2% of an associate's income. This plan offers investment funds with varying levels of risk. Company matching is subject to change at the company's discretion. Rollover contributions from other qualified plans are accepted upon the associate completing the waiting period.
Both healthcare reimbursement accounts and dependent care reimbursement accounts are available. These accounts provide supplement for expenses not fully covered by medical, dental and vision plans. Also covered are certain child care and dependent care services. Contributions are made through automatic payroll deduction. Associates are eligible to participate in this benefit plan on the first of the month following 90 days of employment, and participation is optional.
Major Pharmaceuticals has partnered with USA Federal Credit Union to offer associates totally free checking, reduced interest rates on credit cards and loans, special PC loans, a car lease-to-buy program, reduced insurance rates through Citizens or AAA on auto, personal and home insurance and more.
For convenience and security Major Pharmaceuticals offers associates the option of enrolling for payroll Direct Deposit.