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Benefits Summary

Health

Medical

After 30 days of full-time employment:

  • You can choose one of two options, the Open Access plan or the Choice Fund plan, or you can waive the medical plan.

Dental

After 30 days of full-time employment:

  • The dental plan provides coverage for a wide range of dental expenses including preventative, basic major and orthodontic (children under 19 and with a specific maximum for each child), or you can waive the dental plan.

Vision

After 30 days of full-time employment:

  • With a VSP provider, most expenses of the exam, lenses and frames are paid after an annual deductible.
  • With a non-VSP provider, some of your expenses are covered up to set plan maximums.
  • You can also choose to waive the vision plan.

Money

Deferred Savings Plan (401k)

After 30 days of full-time employment:

  • Bunzl contributes $0.75 for every dollar that you save of your first 6% of before-tax pay.
  • Non-highly compensated employees may contribute 2% to 50% and highly compensated employees may contribute 2% to 16%.
  • 100% vesting after at least six years of service.
  • All monies earned on savings are not taxable while in plan, and vested value is received when you leave Bunzl for any reason, including retirement.

Retirement Savings Benefit (RSB)

After one year and 1,000 hours of service:

  • 100% company funded benefit.
  • Contribution is based on your age and compensation and is made to your Deferred Savings Plan account.
  • If less than 40, you are eligible for 3% contribution, 40-49 you are eligible for 4% contribution, 50 or older you are eligible for 5% contribution.
  • 100% vested in company contributions after six years of service.

Flexible Spending Accounts

After 30 days of full-time employment:

  • You can contribute to the healthcare and/or dependent care accounts.
  • Contributions are tax-free from your pay. Then you receive reimbursements for healthcare expenses not covered by a medical plan or dependent care expenses such as fees for a licensed day care provider.

Employee Stock Purchase Plan (ESPP)

After one year of full-time uninterrupted employment:

  • Permits employees to purchase discounted share of Bunzl plc stock through payroll deduction from 1% to 10% of their pay after-tax.
  • Must hold stock for one year before selling.

Wellbeing

Short Term Disability (STD)

After one year of full-time uninterrupted employment:

  • Company funded benefit.
  • Benefits are payable for full-time employees that are unable to work for more than seven consecutive calendar days due to a physical or mental condition that prevents you from working.
  • Non-exempt employees receive up to 60% of base compensation. Exempt employees can receive 100% of base compensation for the first 4 weeks and 60% each week thereafter, up to plan maximum in any calendar year.

Long Term Disability(LTD)

After one year of full-time uninterrupted employment:

  • Basic long-term benefit of 60% of pay is company provided – at no cost to you.
  • You may elect the LTD buy-up benefit of 66 2/3% of pay during open enrollment following eligibility period. You will be responsible for paying the additional 6 2/3%
  • You will receive the percentage of pay you elect if you are continuously disabled for 180 days.

Group Legal & Identity Theft Protection Plans

After 30 days of full-time employment:

  • Bunzl provides the group legal plan and identify theft protection plan benefits through Prepaid Legal Services, Inc.
  • You can enroll in either plan or both.

Employee Life Insurance

After 30 days of full-time employment:

  • You will receive life insurance of one time your annual salary rounded to the next $1,000, which will be paid to your beneficiary if you die while a Bunzl employee.

Optional Life & Dependent Life Insurance

After 30 days of full-time employment:

  • You may purchase additional life insurance of 1,2,3, or 4 times annual pay rounded to the next $1,000.
  • You may also purchase life insurance for your spouse in $10,000 increments, but no more than $50,000.
  • You may also purchase life insurance coverage for each of your children.

Long-Term Care (LTC)

Eligible for guarantee issue at first annual open enrollment after hire:

  • LTC is a voluntary plan that provides benefit for covered nursing home and home care services. Coverage is available for employees, spouses, grandparents, siblings and children.
  • Four varied plans available according to facility duration and monthly benefit amount.

Accidental Death & Dismemberment (AD&D)

After 30 days of full-time employment:

  • You elect coverage of 1,2,3,4, or 5 times annual pay not to exceed a total of $750,000.
  • You may also have coverage on spouse and eligible dependents. Their coverage is at a specific percentage of your coverage.

AFLAC

Eligible during first annual open enrollment after hire:

  • AFLAC is a voluntary insurance plan that provides hospital, accident and/or cancer policies.
  • Employees can choose either individual or family policy.

Stress Management Program

After 30 days of employment:

  • The Stress Management Program is offered at no cost to employees and helps you to understand the sources of your stress and learn coping techniques through a telephone on online program – or both.

Tobacco Cessation

After 30 days of employment:

  • The Tobacco Cessation program is offered at no cost to employees offering support and advice, including coaching session and nicotine replacement products.

Other Benefits

Adoption Policy

After 12 months of continuous active employment:

  • The Company will reimburse up to $5,000 of Qualified Adoption Expenses for each child who is not a step-child or other relative of the employee in any one adoption effort which results in a final adoption.

Education Assistance

After 12 months of continuous employment with curriculum approval:

  • For Undergraduate work: The maximum aggregate amount allowable under this program is $5000 per employee in a calendar year.
  • For Graduate work: The maximum aggregate amount allowable under this program is $15,000 per employee in a calendar year.
  • Reimbursement includes tuition costs, lab fees, books and supplies; reimbursement is aggregated based on grade received.

The Work Number

Immediately upon date of hire:

  • Bunzl employees can verify their employment or employment with income by providing a number to the source (i.e. apartment landlord, loan officers, etc.)

Time

Vacation Policy

After 6 months of continuous employment:

  • 10 days (80 hours) during the 2nd through 4th year
  • 15 days (120 hours) during the 5th through 14th year
  • 20 days (160 hours) during 15th year through 29th year
  • 25 days (200 hours) above 30th year

Holiday Policy

Immediately upon date of hire

  • Company provides eight (8) paid holidays each calendar year
    - New Year’s Day
    - Memorial Day
    - Independence Day
    - Labor Day
    - Thanksgiving Day
    - Christmas Day
    In addition to the above holidays the company designates two additional days as paid holidays each calendar year. The scheduled days may vary based on business needs.

Personal Day

After 6 months of continuous employment:

  • One full-day of personal time of the employee’s choosing

Work/Life Balance

Employee Assistance Program (EAP)

After 30 days of employment:

  • The EAP is voluntary and confidential and is designed to help employees and their families with a variety of personal concerns (i.e. depression, stress management, marital difficulties, and financial issues).

 

 

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