All full-time regular employees are eligible for coverage on the first day of the following month after joining REI, if a written application is made on or before such a date.

Flexible Spending Accounts
REI offers employees two flexible spending accounts for medical care and dependent day care. Both plans are set up so that pre-tax deductions made from an enrolled employee’s semi-monthly paychecks and set aside in one or both of these accounts. Deductions made on pre-tax basis result in a tax saving to the employee.

An employee can set aside pre-tax dollars for reimbursement in the Medical Care flexible spending account for such items as office visit and prescription co-pays and deductibles. The total amount of deductions in any one plan year is $1,500.00.

Under the Dependent Day Care flexible spending account, employees can set aside pre-tax dollars to cover day care costs for their children or a dependent immediate family member who may need day care. The total amount of deductions in any one plan year is $5,000.00.

Annual Leave
Paid annual leave (PAL) is accrued at the rate of 104 hours annually for those employees with fewer than 5 years of service. After 5 years of service, vacation is accrued at 144 hours annually. Employees may accrue and carry over into another year an amount equal to their annual accrual.

Full-time regular employees may accumulate up to two years of accrued PAL. Once an employee has accrued up to two years of PAL time, PAL time will stop accruing automatically in the accounting system until the employee has used some of his/her PAL time. All accrued paid annual leave hours must be exhausted before taking leave without pay (LWOP). Employees can not use unearned leave (or leave in advance) and must report any leave time used but not earned as LWOP on their timesheets.

401(K) Plan
REI’s 401 (k) Savings Plan, administered by Fidelity Investments, the nation’s largest mutual fund provider, allows employees to set aside tax-deferred dollars through payroll deduction. Regular full-time and regular part-time employees who are 21 years of age or older, may elect to participate. Participation in the 401(k) plan is subject to all terms and conditions of the plan.

The waiting period of 6-months has been abolished and effective July 01, 2006, new employees are able to enroll in the 401(k) Savings Plan on the first day of next month following their employment with REI Systems, Inc. REI makes matching contributions of an amount equal to 50% of an employee’s contribution up to a total of 10% in each payroll period. Employer-matching contributions are vested in accordance with the 6-year vesting schedule outlined in the Plan Summary.

Employee Assistance Plan (EAP)
The Employee Assistance Plan (EAP) can assist you or your family with a variety issues such as financial, legal and mental health problems.

Life Insurance
REI provides group term life insurance in the amount of $50,000 for our regular, full-time employees. This plan is available at no cost to you. Employees become eligible for this benefit on the first day of the following month after joining REI.

Long-Term Disability Insurance
Through our Long-Term Disability Insurance Program, REI offers its employees a way to ensure income while recovering from an accident, injury or illness after a 90-day elimination period.

Employee Stock Ownership Plan
All eligible employees can become owners of REI Systems, Inc. without having to invest their own money to purchase stock under the Employee Stock Ownership Plan (ESOP) adopted by the Board of Directors of REI Systems, Inc. effective January 01, 2006. An ESOP is a defined contribution employee benefit plan and it offers retirement benefits for employees. Owning stock in an ESOP will allow participants to share in the growth of REI creating an "employee owner" mindset.

Benefits under the ESOP are in addition to any other benefits the employees are entitled to receive under other plans. It is similar to the 401(K) Plan; however, under ESOP only the corporation makes annual contribution to plan assets depending upon its fiscal performance each year. Each eligible employee has an account in the ESOP Trust and the plan assets are managed by the ESOP trustee. The Summary Plan Description of ESOP (HRA-097) available on the corporate portal provides further details about the eligibility requirements and participation by each employee.

Holidays
REI observes 10 holidays per calendar year according to the following schedule:

• Memorial Day
  
• Independence Day
• Labor Day
  
• Thanksgiving Day (2 days)
  
• Christmas Eve and Christmas Day (2 days)
• New Years Eve and New year’s Day (2 days)
• Floating Holiday (1 day – can be taken on any day in a calendar year)|

Education Reimbursement
REI’s Education Reimbursement Program is designed to encourage employees to improve and expand their current work-related skills. If an employee is a regular, full-time employee and has worked for REI at least 6 months, the employee may be eligible to participate in REI’s tuition reimbursement program

Internet Access Reimbursement
We reimburse our employees up to $60 per month for either an internet connection or a second telephone line used for REI business.

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