CORMAC’s policy is to administer a benefits program that attracts the most qualified people available and encourages them to build their careers with us. In keeping with this policy, it is our intent to classify positions according to job responsibilities and create a salary structure that is internally consistent and externally competitive within our industry and the local community. Within this structure, each employee will be compensated on the basis of performance and contribution to the accomplishment of the organization's objectives. The amount of salary increase that may be recommended is based on performance, service, and equity; and that reviews are conducted in a timely manner..

Medical Insurance
CORMAC offers immediate health coverage to its employees, their spouses, and dependents. CORMAC evaluates its health plan each year to make sure each employee receives the best coverage.

Dental Insurance
CORMAC offers coverage for eligible preventive, basic, and major dental services to our employees, their spouses, and dependents.

Disability and Life Insurance
CORMAC provides company-paid term life, accidental death and dismemberment, and long-term disability insurance. We cover the cost of all three of these benefits.

Retirement Plan
All eligible employees who work a minimum of 30 hours per week are eligible to participate in the company sponsored 401K plan. The employees may contribute to the maximum allowable contribution set by IRS. CORMAC has chosen one of the best brokerage firms to provide our employees with only the best options for their retirement. CORMAC contributes a certain percentage to employee’s 401K plan based on their contribution amount.

Bonus Plan
As a reward to employees for exceptional job performance and effort and in recognition of their contributions to the profitability of the company, an employee is notified by the president prior to December 31st concerning his/her year-end bonus. The payment of bonuses and the amounts of bonuses distributed are dependent upon the overall profitability of the company. The following criteria are used as guidelines in establishing an individual’s bonus:
• Maintaining good customer relations
• Contributions to overall company goals and objectives
• Meeting or beating deadlines/Improvements in project monitoring and control
• Voluntarily assistance given to other project managers or staff
• Contributions to company growth

Paid Time Off
In view of the importance of a work life balance, CORMAC encourages its employees to play as hard as they work. Therefore, CORMAC offers paid time off and paid holidays throughout the year. All employees will receive three weeks’ vacation per year when they start with the company.

Holidays
In addition to paid time-off, CORMAC offers 10 days of holidays. If a paid holiday falls on Sunday, Monday will be the paid holiday. If a paid holiday falls on Saturday, Friday will be the paid holiday.

All benefits payable are subject to the plan provisions, limitations and exclusions contained in the group benefit plan summary plan description.