STATEN ISLAND, N.Y. — For most employees, company-backed retirement plans and affordable health insurance are perks that come with full-time work. But according to a new report by The Penny Hoarder — a personal finance brand whose purpose is to help people make smart money decisions — there are several big-box brands that offer generous benefit packages for their hourly part-time employees.
Here’s a look at 10 companies that offer a healthy benefits package — even for employees with flexible part-time roles — as reported by PennyHoarder.com:
1. Costco
Hourly part-time employees who work at least 24 hours per week can receive benefits from Costco once they’ve accumulated 60 days of service. Health-care coverage includes medical, vision, prescription drugs and core dental benefits.
All hourly employees working at least 10 hours per week can also enroll in voluntary short-term disability insurance, which provides tax-free income replacement in the event of a non-work-related accident or illness.
2. Lowe’s
Part-time employees at Lowe’s are immediately eligible for medical benefits, including prescription drugs, short-term disability, life insurance and dental and vision coverage.
After one year, Lowe’s offers an employee stock purchase option to its part-time workers, as well as a 401(k) after 180 days. Eligible family members can also opt-in for group medical, dental and vision coverage and dependent life insurance.
3. Staples
Staples offers its part-time associates access to dental and vision coverage, life, dependent life, accidental death and short-term disability insurance coverage. They’re also eligible for the company’s 401(k) plan. Staples also offers a 10% employee discount on online or retail items, adoption assistance and its own confidential employee counseling program.
4. Starbucks
Starbucks is well-known for its benefits program for part-time employees. To be eligible, employees must work at least 240 hours over three consecutive months, then continue to average 20 hours per week. Health coverage offered by Starbucks includes routine medical visits and hospitalization along with dental, vision and life insurance coverage, as well as fertility benefits. After 90 days, employees can opt-in to Starbucks’ 401(k) plan.
5. UPS
Part-time employees who work between 225 and 400 hours at UPS within a three-month period are eligible for medical and dental coverage, vision insurance, hearing, prescription drugs and an employee assistance program. Part-time employees who exceed 400 hours over three months are eligible for the same benefits as full-time employees.
6. Trader Joe’s
After three months and working an average of 30 hours per week, Trader Joe’s “crew members” are eligible for medical, dental and vision coverage at a cost as low as $25 per month. Other employee benefits include a 20% store discount, scholarship programs, store tastings, employee assistance programs and paid relocation and transfers.
7. Chipotle
All hourly crew members at Chipotle are eligible for its robust benefits package that includes medical, vision and dental insurance, as well as a 401(k) match after one year of employment. Part-time employees also receive a salary percentage-based bonus, mental health assistance, education assistance up to $5,250 annually, a stock purchase plan, gym membership discounts and one free meal per shift.
8. USPS
The United States Postal Service hires career and non-career (temporary/seasonal) workers. Part-time career workers are eligible for its benefits package, which includes the Federal Employees Health Benefits (FEHB) program — a plan in which the federal government pays two-thirds of the health insurance premiums for employees and retirees.
It also offers federal group life insurance (FGLI), and federally backed long-term care, dental and vision and a flex spending account. The USPS retirement system, also available for part-time career workers, offers a fixed annuity based on years of service, a defined contribution 401(k) THRIFT Savings Plan with a 5% employer match and Social Security.
9. Walmart
Part-time and temporary associates at Walmart who work an average of at least 30 hours per week over a 60-day period are eligible for benefits. These include medical, dental and vision, as well as a 6% 401(k) match after one year and a 10% in-store discount.
10. Home Depot
Part-time employees at the home improvement retailer are eligible for dental and vision plans, short-term disability and life insurance.
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