EPI Benefits

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Employee Benefits

Our company has developed a comprehensive set of employee benefit programs to supplement our employees’ regular wages. Our benefits represent a hidden value of additional income to our employees.

Holidays

Our company normally observes the following holidays during the year:

● New Year’s Day

●  Presidents Day

●  Memorial Day

●  Independence Day

●  Labor Day

●  Thanksgiving Day

●  Day After Thanksgiving

●  Christmas Day

Insurance

  • Eligible full-time employees may enroll in:
  • Health Insurance
  • Dental Insurance
  • 401k: Our company provides eligible employees with a 401(k) Qualified Retirement plan which is an excellent means of long-term savings for your retirement.

Vacation/PTO

A few more benefits of working at EPI:

  • Vacation
  • All full-time employees are eligible for vacation
  • Paid Time Off

401k

  • 401k: Our company provides eligible employees with a 401(k) Qualified Retirement plan which is an excellent means of long-term savings for your retirement.

  • Tax Benefits: When you contribute to your company’s traditional 401(k) plan, your contributions come out of your pre-tax income, lowering your taxable income and reducing your tax bill. The money you invest can also grow without being taxed immediately, a concept known as tax-deferred compounding. Our chart illustrates the difference in taxes and take-home pay between a 401(k) plan and a regular savings account.

    Tax-Deferred Growth: Consider the chart on the right, which compares the growth of $100 per month in a tax-deferred retirement account versus a taxable account. The tax-deferred account will be subject to income taxes upon withdrawal. If your employer offers a Roth 401(k), you can contribute post-tax payroll deferrals, and qualified plan withdrawals are tax-free in retirement. Your summary plan description will specify this option. To determine your savings goals and how much you can contribute, consult with a financial advisor. You can adjust your deferral amount throughout the year as needed.

Retirement

Dreaming of Retirement? Ensure your dreams, whether they involve travel, quality family time, or part-time work, become a reality by saving strategically. Planning for tomorrow today is key to reaching your retirement goals, and your company-sponsored retirement plan is a great place to start.

Longer Lives, Bigger Savings With longer and healthier lives, it’s crucial to save enough for a lifetime of financial security. Traditional retirement sources like social security, pensions, and annuities don’t keep up with inflation. Social security is designed as a supplement, leaving nearly 60% of your retirement income up to you. Smart planners diversify income for long-term stability.

Early Investment = More Savings Begin investing early to significantly boost your retirement savings. The sooner you start contributing to a retirement savings plan, the better your chances of growing your investments over time. Plan ahead for a secure and fulfilling retirement.