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Benefits
Basin Electric and its subsidiaries offer a comprehensive and competitive benefits package:
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Benefits |
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Cancer care / intensive care plans
* Employees have the option of making changes to the above plans |
401(k) plan |
401k plan
- Two options available: Traditional 401(k) and Roth 401(k)
- Basin Electric contributes/matches a percentage of employee contribution based on employment status
- A loan option is available
Cancer care / intensive care plans
- Supplemental insurance for expenses incurred either due to cancer or extended stays in a hospital intensive care unit
- Different options available
- Premiums paid by employee through payroll deduction
Dental insurance
- Two options of coverage available
- Coverage starts on the first of the month following three months of employment
- Premiums paid by Employer for Denta 50
- Employee pays difference in premium for Denta 150
- Part-time employee is eligible for a single Denta 50 dental plan
- Part-time employee pays difference in premium for other than a single Denta 50 plan
Dependent life and accidental death & dismemberment (AD&D) insurance
- Coverage available for spouse and eligible dependent children.
- Coverage starts the first of the month following three months of employment
- Premiums paid by employee through payroll deduction
Educational assistance
- Full-time employees who complete undergraduate or graduate course work at a local/regional accredited educational institution in an approved program may be reimbursed 50 percent of the cost of tuition, fees and texts, depending on the business relationship of the courses
- Part-time employees may be eligible for pro-rated reimbursement
Employee Assistance Program
- Offers confidential help in areas of personal concern and difficulty
- Includes emotional crisis; individual, marital, and parenting concerns; financial and legal difficulties; chemical addiction evaluation; and work-related problems
- The Cooperative will provide up to eight appointments with an employee assistance counselor for each problem
Flexible spending accounts
- Two separate accounts: Dependent Care Account and Health Care Account
- Dependent Care Accounts are used to pay for child care expenses while employee and spouse are working
- Health Care Accounts are used to pay out-of-pocket expenses such as deductibles, co-insurances, and other medical expenses not covered by insurance
- Contributions are pretax and begin the first of the month following date of employment
- Minimum pay period contribution of $5; maximum pay period contribution of $208
Life and accidental death & dismemberment (AD&D) insurance
- Coverage determined by rounding up base annual salary to next thousand
- Coverage starts on the first of the month following three months of employment
Employer provides 2X coverage - Employee can purchase up to 3X additional coverage through payroll deduction
- Coverage maximum of $1,000,000 for life insurance
- Coverage maximum of $1,000,000 for AD&D insurance
Long-term care
- Includes nursing home, assisted living, home care, respite care, bed reservation, alternate care, caregiver training, and equipment
- Different options available
- Premiums paid by employee through payroll deduction
Long-term disability insurance
- 90-day waiting period
- Pays 60 percent of predisability salary or 70 percent of all sources of income
- Payment begins after 90 days of total disability
- Premiums paid by Employer
Medical insurance
- Coverage starts the first day of employment
- Premiums paid by employer
- Part-time employee is eligible for a single medical plan
- Part-time employee pays difference in premium for other than a single plan
PC loan program
- Employees configure and purchase their own computer system and repay the loan per the terms of the loan agreement through payroll deduction.
Retirement program
- Waiting period based on employment status
- Normal retirement is age 62
- Retirement benefits are calculated using a predefined benefit formula
- Premiums paid by Employer
Vision insurance
- Coverage starts on the first of the month following the first day of employment
- Enrollment in plan is for a 24-month period
- Premiums paid by employee through payroll deduction
Wellness program
Basin Electric and its subsidiaries promote a total lifestyle approach to employee wellness by providing blood screenings, flu shots, fitness facilities, and wellness and health education programs.
Basin Electric is an Equal Employment Opportunity Employer M/F/D/V
Employment at Basin Electric
Headquarters
1717 East Interstate Avenue
Bismarck, ND 58503-0564 USA
Phone: 701.223.0441
