Thank you for your interest in the Edison Electric Institute (EEI). EEI is one of the nation's premier trade associations, serving the electric power industry and its customers for over 70 years. We know that our staff members are our most important resource, and we are committed to offering them an exceptional work environment through our generous benefits program.
Our benefits include a comprehensive medical and dental plan, a generous 401(k), a pension plan fully funded by EEI, flexible spending accounts, an outstanding educational assistance plan, Metrochek, fitness center memberships, an Employee Assistance program, and more.
EEI also sponsors activities to celebrate the accomplishments of our employees including a holiday party for employees and guests, and a special summer event. Outside the office, our staff members participate in community events that raise money for a variety of charities, including The Hospital for Sick Children and the National Multiple Sclerosis Society.
We take pride in the outstanding benefits we provide for our employees. More information on our benefits can be found below.
Medical Insurance
Employees can choose between two types of medical plans: HMO or PPO. Coverage is effective the first day of the month after hire. EEI currently pays the full cost of individual HMO coverage and subsidizes PPO and family coverage. Employee premiums can be paid with pre-tax dollars. Employees can choose between two types of medical plans: HMO or PPO. Coverage is effective the first day of the month after hire. EEI currently pays the full cost of individual HMO coverage and subsidizes PPO and family coverage. Employee premiums can be paid with pre-tax dollars.
Dental Insurance
Employees can choose between a Dental PPO plan or a Dental Network plan. Coverage is effective the first day of the month after hire. For both plans, EEI pays the full cost of individual coverage and approximately 80% of the cost of family coverage.
401(k) Plan
Our 401(k) Plan enables staff members to save for retirement on a pre-tax basis. We view this as a very important benefit, and participation can begin the first day of the month after hire. Our match is very generous, dollar for dollar for the first 6% of salary. EEI's matching contributions vest 20% a year and are fully vested after five years of service. With thirteen investment funds and a self-directed brokerage account option, there are plenty of choices. Most employees may defer up to 85% of pay on a pre-tax basis. As an additional feature, we also permit after-tax contributions to the plan.
Retirement Benefits
EEI believes in providing every opportunity possible for employees to enjoy a comfortable retirement. Our pension plan is part of that mission. Pension benefits are paid entirely by EEI and are fully vested after five years of service. Plan participation automatically begins on the hire date.
Paid Leave
Our employees receive paid time off (PTO) annually with the amount based on years of service. New employees accrue 1.25 days of PTO for each full month worked in the first calendar year, up to 15 days or 3 weeks. Approximately ten designated holidays and one floating holiday are also provided each year.
Educational Assistance
EEI will reimburse 75% of approved tuition and associated costs, including laboratory and registration fees and books, up to the tax-free maximum. A grade of “C” or better is required for reimbursement. The staff member must remain employed by EEI for at least a year after completing the classes or will have to repay the Institute for classes completed in the last year.
Flexible Spending Accounts
To help our employees save money on their taxes, EEI offers medical and dependent care spending account plans. EEI also has a premium conversion plan; medical and dental insurance premiums can be paid with pre-tax dollars.
Fitness Center
Membership in the Market Square Fitness Center, located one block from EEI, is available to staff members free of charge.
Employee Assistance Program (EAP)
EEI's Employee Assistance Program (EAP) helps staff members and their families resolve various problems, including family or marital difficulties and financial planning or legal worries. The EAP provides confidential assistance at no charge to employees. Our EAP also has a dependent care referral service to help locate childcare and elder care resources.
Transportation Benefits
EEI wants to assist employees in saving money on daily commuting expenses. Through the SmartBenefits program, employees can pay a set amount of commuting expenses with pre-tax dollars. To encourage use of public transportation and biking, EEI will provide a “green subsidy” to partially offset certain transportation costs. As an additional benefit, some parking expenses can be paid with pre-tax dollars.
Disability Plans
EEI's short-term and long-term disability plans provide employees with financial protection in the event of an extended illness or disability. The coverage is provided at no cost to the employee.
Life Insurance
Life insurance, equal to one time annualized salary, is paid for by EEI. Coverage begins the first day of the month after hire. Voluntary supplemental life insurance and dependent life insurance coverage are available on a cost-sharing basis.
Wellness Program
EEI sponsors a variety of wellness events, including Health Assessment Testing and seminars. As an incentive, employees may be able to reduce premium costs for health insurance by participating in the Wellness Program.
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This information highlights some of the features of EEI's benefit plans. Most of EEI's benefits are for full-time employees only. All benefits are subject to the terms of the official plan documents, and EEI reserves the right to amend or end any of the benefits at any time.
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EEI is an equal opportunity employer. We do not discriminate or permit discrimination because of race, color, religion, national origin, sex, age, marital status, personal appearance, sexual orientation, family responsibilities, disability, matriculation (the status of being enrolled as a student), political affiliation, or any other characteristic protected by law. This policy extends to all aspects of a person's hiring, promotion, discharge, compensation, terms, conditions, or privileges of employment.