Employee Benefits

Lillibridge recognizes that excellence in the performance of the healthcare real estate services requires excellence in the performance of its people. We offer competitive pay and benefits programs designed to attract and retain people who share this commitment to excellence.

Lillibridge provides a comprehensive package of benefit choices that meet employees' financial security needs at an affordable cost for both the employee and employer. The programs described in this summary are designed to promote and maintain good health, to provide for retirement, to help meet the cost of illness and accident, and to help provide financial security for employees and beneficiaries.

The company pays the entire cost for some benefits, others require employee cost-sharing, and some are paid entirely by the employee. To the extent feasible, certain benefits are provided on a tax-favored basis.

This summary provides an overview of the complete benefits program at Lillibridge. Our comprehensive HR Online employee portal describes the programs in greater detail.

Medical Insurance

The Company offers health insurance through Blue Cross and Blue Shield. This is a national plan with extensive coverage in all our areas of operation. Under this benefit plan, you will have the opportunity to continue to be insured under a traditional PPO plan. However, those located in Illinois and certain areas in Indiana and Wisconsin will have the choice between the PPO or an HMO plan. The monthly employee contribution for the PPO plan is $104 for single coverage, $262 for employee and child(ren), $298 for employee and spouse, and $450 for family. The monthly contribution for the HMO plan is $75 for single coverage, $193 for employee and child(ren), $225 for employee and spouse, and $320 for family. Employees may visit www.bcbsil.com to determine physicians in the plan.

Life Insurance and Accidental Death & Disability (AD&D)

All full-time employees are covered and the premium is paid by the Company. You are covered for 1 and 1/2 times your annual salary up to $50,000. This coverage is provided by Fort Dearborn Life.

Voluntary Life Insurance and Accidental Death & Disability (AD&D)

We offer employees the ability to purchase additional life insurance for themselves and their families. A rate sheet will be provided with new employee packet. Rates are dependent on age of insured. This insurance is portable. This insurance is also provided through Fort Dearborn Life.

Short and Long-Term Disability

Under Short Term Disability, Fort Dearborn Life provides benefits after 14 days of illness. This benefit is provided up to 13 weeks at 66.67% of your weekly salary up to a maximum of $1,000 per week. Under Long Term Disability, Fort Dearborn Life provides 60% of your salary (up to $8,000 per month) if you are disabled. The Company pays the full premium for this coverage.

Dental Insurance

The Company offers a dental plan through Aetna. Employees have a choice between a DMO or PPO plan. The cost for dental coverage in the DMO is $18.93 per month for single coverage, $37.67 for employee and child / spouse and $57.92 for family coverage. In the PPO plan, the cost is $40.04 per month for single coverage, $82.29 for employee and child/spouse and $128.26 for family coverage. Employees may visit www.aetna.com to determine dentists in their respective area. (See attached DocFind Provider Directory).

Flexible Spending

Lillibridge offers a Flexible Spending Program, which is administered by Allied Benefit Systems. The purpose of a Flexible Spending Program is to help employees offset the costs associated with dependent care and unreimbursed medical expenses. The maximum reimbursement for medical expenses is $5,000 per year and $5,000 per year for dependent care.

401(k) Plan

We offer a 401(k) plan which is managed by CitiGroup Smith Barney. Eligible employees may join the plan on January 1 or July 1, immediately following employment. An employee may choose to put between 2 - 15% of their salary into the plan. This is directly taken from payroll and is tax-deferred. The Company's matching contribution is 2%, or a maximum of $1,000 per year. This contribution is deposited into an employee's account on January 1 of each calendar year. The plan is broken up into approximately ten investment categories from which to choose. There is also an on-line feature, provided by Daily Access Concepts (DAC), whereby employees can check their balances or change their investment selections.

Holidays

Lillibridge offers 8 paid holidays per year. A holiday scheduled is published each year.

Paid Time Off

Paid time off (PTO) is defined as an all purpose time-off policy for eligible employees. Paid time off must be taken in full day or half day increments. Non exempt employees will not be paid for any PTO in the first thirty (30) days of employment.

If an employee cannot utilize all of their paid time off in a given year, a portion of PTO may be carried over into the next year regardless of years of service. Carry over of PTO will be capped at 10 days per calendar year. Any carry over of PTO must be taken within the next 12 month period of time.

Employees are entitled to PTO, which is prorated based on date of hire. PTO is authorized as follows

  • Year 1 - 18 days prorated based on hire date. New employees will accrue 1.5 days per month in year of hire
  • Years 2 - 18 days
  • Years 3 — 4 - 23 days
  • Year 5 and beyond - 28 days

Your rights and benefits under all benefit plans of the company are governed solely by the terms and conditions of the plans. The company may, at any time, amend, modify, suspend, or terminate any benefit program. The company may also reduce the company's contribution, or increase the employee's contribution, toward the cost of any benefit programs. The establishment of a benefit does not impose upon the company any contractual obligation to continue the benefit in the future.