Our Benefits

NVFS is committed to providing a comprehensive, competitive and cost-effective benefits package that promotes a culture of employee well-being. NVFS shares a significant portion of the premium cost for employee and dependent health, dental and vision insurance, and also provides a rich array of benefits offerings to meet the wide variety of employee needs. All benefits, except for the 401k plan, are effective the first of the month following the date of hire. Our benefits package includes:

 

Benefit Details

HEALTH INSURANCE:
Three health plans through Kaiser Permanente are offered to suit the needs of employees. Choose from the HMO Select plan (with predictable out-of-pocket costs and low premiums), the FlexChoice plan (with more provider choice and three tiers of available coverage/networks within one plan) or our HSA-qualified HDHP (with shared responsibility for your health care choices and the power to become a well-informed health care consumer).

DENTAL INSURANCE:
NVFS offers two dental plans through Cigna. Choose the Dental HMO (DHMO) plan for comprehensive services at a set price in the Patient Charge Schedule or the Dental PPO (DPPO) plan that provides both in-network and out-of-network benefits, allowing employees the freedom to select a DPPO Advantage dentist from a network of over 95,000 dental providers.

VISION INSURANCE:
The vision plan through VSP provides for a well vision exam every plan year with a $10 co-payment. Allowances for prescription glasses (including lenses every 12 months and frames 24 months) or contact lenses every 12 months.

LIFE & ADD INSURANCE:
Reliance group life insurance is provided to benefit eligible employees with premiums paid for by NVFS. The benefit is equivalent to 1.5 times the employee’s annual salary to a maximum of $150,000. In addition, Accidental Death and Dismemberment coverage is provided in the event of an accidental bodily injury, which causes loss of life or limb.

LONG-TERM DISABILITY:
Reliance long-term disability insurance is provided to benefit eligible employees with premiums paid for by NVFS. The benefit pays 60% of an employee’s monthly base salary to a maximum benefit of $10,000, and is payable after a 90 day elimination period.

SHORT-TERM DISABILITY:
Reliance short-term disability insurance is provided to benefit eligible employees with premiums paid for by NVFS. The benefit pays 60% of an employee’s weekly base salary, (up to $1,500 per week), for an approved disability. Benefit is payable after a 14 day elimination period.

IDENTITY THEFT INSURANCE:
This benefit provides up to $25,000 coverage with $0 deductible and will cover loss for computer fraud, fund transfers, money order and counterfeit paper currency transactions. This insurance will cover loss or damage to money, securities, and other property resulting directly from the use of any computer to fraudulently cause a transfer of that property from inside your premises or a banking premise to a person or place outside of those premises. It will also cover loss of funds resulting from fraudulent instructions directing a financial institution to transfer or pay funds from your transfer account. Lastly, it will protect against loss caused by your accepting counterfeit currency.

TUITION REIMBURSEMENT:
NVFS recognizes that educational development is important and should be encouraged. The NVFS Tuition Assistance Program provides an opportunity for employees to obtain additional education in order to increase their competence in their present jobs and to prepare for future advancements within the Agency. NVFS will consider granting tuition assistance for academic study at the undergraduate and graduate level in an accredited college, university or vocational school to employees who have one year of continuous employment, who have satisfactory job performance and whose value to the Agency will be enhanced by the study in terms of their professional qualifications and the current needs of the Agency.

FLEXIBLE SPENDING ACCOUNT:
This plan enables you to have a specified amount of pre-taxed income deducted from your paycheck each pay period. These dollars are set aside in a reimbursement account and subtracted from gross earnings before any taxes are taken out. The funds are to be used to pay for out-of-pocket medical and/or dependent care expenses.

SUPPLEMENTAL LIFE INSURANCE:
Supplemental term life and AD&D insurance is available for purchase from Reliance to a maximum of $300,000 (not to exceed five times an employee’s annual salary). Supplemental Life Insurance is also available for a spouse, domestic partner and/or children of benefit eligible employees.

401(K) RETIREMENT PLAN:
After six months of employment all employees over the age of 21, except those who are non-resident aliens with no U.S. source of income and those who are treated as independent contractors, may opt to have a percent of their compensation up to the maximum amount permitted by law deposited in a 401(k) plan.

After six months of employment NVFS will contribute an amount equal to 3% of an employee’s salary to their 401(k). This is considered a safe harbor non-matching contribution with immediate vesting.
NVFS will also provide up to a 2% employer match. NVFS will match $0.50 per $1.00 an employee defers, up to a maximum 2% match (which occurs when an employee defers 4% of their salary). Matching contributions have a three year vesting schedule.

EMPLOYEE ASSISTANCE PROGRAM:
An Employee Assistance Program is available to employees and their immediate family members. The plan provides free and confidential counseling, legal, financial and referral services.

ACCIDENT & CRITICAL ILLNESS INSURANCE:
Voluntary Supplemental Benefits offered through Allstate Insurance. Available plans include low and high level accident and critical illness plans.

LEGAL PLANS:
LegalShield offers a plethora of services from emergency legal access 24/7, to preventive legal services, to merchant discounts on everyday purchases through a Member Perks Program for a low semi-monthly premium to our benefit-eligible employees.

PET INSURANCE:
NVFS offers pet insurance through Nationwide, America’s #1 choice for pet insurance and is accepted by all veterinarians. Nationwide offers coverage for most animals and reimburses for accidents, illnesses and preventive care for your pet(s).

OTHER BENEFITS:
New Parent Leave • Adoption Assistance • Bereavement Leave • Flexible Working Hours • Free Parking • Business Casual Attire • Discount Programs with BB&T • Free Membership with Apple Federal Credit Union • Critical Illness Leave • Catastrophic Leave Program • Travel Assistance • Professional Development • 1:1 Retirement/Financial Education • Onsite Wellbeing Events to include Yoga, Meditation, Walking Groups and more!

Leave & Holidays

ANNUAL LEAVE:
This benefit is based on length of service. If an employee is part-time, the benefit is prorated based on percentage of hours scheduled to work. Please note: there is an accrual cap.

LENGTH OF SERVICE MAXIMUM PER YEAR*
1st & 2nd years
3rd – 5th years
6th – 8th years
9+ years
15 days
18 days
21 days
24 days

*Based on full-time employee

REGULAR SICK LEAVE:
Employees will accrue 15 regular sick days per year. If an employee is part-time, the benefit is prorated based on percentage of hours scheduled to work. Please note: there is an accrual cap.

CRITICAL ILLNESS SICK LEAVE:
Employees will accrue 15 critical illness sick days per year. If an employee is part-time, the benefit is prorated based on percentage of hours scheduled to work. Please note: there is an accrual cap.

PAID HOLIDAYS:
All full time employees are entitled to 10 holidays each calendar year: eight (8) Federal holidays, one (1) floating holiday, and the day after Thanksgiving.

NVFS closes in observance of the following holidays:

New Year’s Day
Martin Luther King’s Birthday
Presidents’ Day
Memorial Day
Independence Day
Labor Day
Thanksgiving Day
Day after Thanksgiving
Christmas Day