The Health Care FSA can be used to reimburse an employee for eligible medical and dental expenses that are not covered or reimbursed by the health insurance plans. This includes deductibles and co-payments. The Dependent Care FSA can be used to reimburse employees for dependent care services provided by babysitters, day care centers and after-school programs. The transit fare FSA reimburses the bus and train fares of employees using public transportation in Chicago to commute to and from work.
Retirement Savings Plans
ASCM offers employees both a 401(k) savings plan and a Roth retirement plan. Immediately upon employment, full-time employees may direct part of their pay to the plan or plans of their choice, administered through One America. After six months of continuous employment, ASCM will match the employee’s contribution at 100% up to the first 6% of annual savings to either a 401K or a Roth account. Employee contributions are fully vested immediately; ASCM contributions are subject to a generous three-year vesting schedule.
ASCM contracts with a financial advisor who will meet with employees at their request, to answer questions about their retirement planning and how to get the most from their investments.
New York Life Value Add Programs
New York Life, our life insurance and disability vendor, provides numerous programs to employees at no additional cost. These Value Add Programs include Health Advocacy Services, a Financial Wellness Program and a Life Assistance Program.
Life Assistance Program
New York Life provides employees with a confidential free service available to assist employees and their families with a multitude of issues that may interfere with their personal and/or private lives, such as relationships, legal problems, financial issues and elder care issues. Monthly webinars on a multitude of wellness topics are available at no cost to employees.