Personal and Family Benefits:
KVH Offers comprehensive health plans in Rhode Island and Illinois with an extensive Provider Network. Contributions are deducted from payroll on a pre-tax basis.
Also pretax, the KVH dental plan provides 100% preventive dental care which includes two cleanings and checkups per year. Basic dental procedures are covered at 80% and major procedures at 50% after the payment of a $50 deductible. All services have a maximum annual benefit amount of $1250. Orthodontics is available for dependent children under the age of 19 up to a maximum lifetime amount of $1000.
Flexible Spending Account (FSA)
KVH offers a pretax flexible spending account for medical expenses not covered by the health plan up to an annual maximum of $2600. Dependent care is offered up to an annual maximum of $5000.
KVH offers a voluntary employee paid vision program which for a minimal amount covers exams, eyeglasses, contact lenses and laser vision correction.
KVH pays the entire cost of a 1X annual salary group life and accidental death and dismemberment insurance plan for employees up to a $100,000 maximum and a $25,000 minimum.
To assist employees during periods of disability, KVH provides short term disability and long term disability insurance at no cost to the employees.
Paid Time Off
KVH provides employees with vacation time based on years of service. Ten major holidays are paid and sick time and personal time are offered as well.
Employees can further their education by attending pre-approved courses relating to their position. After receiving a “B” or better in a course, they will be reimbursed at 100% for tuition and book expenses. There is annual cap for reimbursements.
Retirement and Stock Plans:
401(k) Savings Plan
KVH offers its employees both a pretax 401(k) plan and a post tax Roth 401(k) plan with a company match of $.50 on the dollar up to a maximum deferral of 6%.
Stock Purchase Plan
After 12 months of employment employees can defer post tax up to 6% of weekly wages to purchase KVH stock at a reduced rate of 85% of the price at the close of a six month session.
College Savings 529 Plans
Tax advantaged college savings plans are available to employees through payroll direct deposit.