iQuasar LLC offers medical insurance plan options to salaried as well as hourly contingent employees, different plans are offered. iQuasar pays 50% of medical insurance premium for employee-only when they enroll in eligible plans. An employee is eligible to enroll the family in the group plan but an employee is responsible for 100% of the family insurance premium
Dental insurance is provided by United Healthcare Dental. The annual deductible is $50 per individual and $150 per family per calendar year. Employees pay 100% dental insurance premium for themselves and families. iQuasar doesn’t share the cost of the dental premium
There is a $10 co-payment for the vision examination at the time of service and $25 co-pay for materials. iQuasar doesn’t share the cost of vision premium. Frequencies:
iQuasar matches 100% on the first 3% of employee’s compensation and 50% on the next 2% of employee’s compensation after eligibility criteria is met.
In a Traditional 401(k) plan, contributions are made with pre-tax dollars. The money is not taxed while it remains in your account but is taxed upon distribution after age 59½. With this option, the growth of the money will be taxed.
Employees can control how savings are invested and have a variety of investment options in 401(k) plan to help create the asset allocation that is right for employee needs and goals
iQuasar’s pay cycle runs on a semi-monthly basis on the 15th and last day of the month. iQuasar offers all employees automatic payroll deposit into a financial institution of their choice through ADP
Employees are provided access to ADP’s secure web-based payroll system to view payroll as well as PTO information. Employees can also keep their profile up to date
iQuasar pays paid-time-off (PTO) on an accrual basis. PTO includes vacations and personal (including sick) leave. In the first year, employees accrue one day PTO every month for the first ten months of service. PTO begins to accrue upon the date of hire. PTO including vacations and personal leave is accrued each pay period in accordance with the following schedule
Length of Service
First-year of service
Second-year of service
Full-time salaried employees are eligible for paid holidays during each calendar year. A paid holiday does not count as a day worked in calculating overtime for the week.
Eight holidays are observed by iQuasar each year
