engineered composites Careers

Benefits

To show our appreciation for our employees and help them support their lives away from work, we offer a number of benefits to their employees. Below is a list of some of these benefits as well as a short description. It is important to note that not all employees qualify for all of the benefits listed and that each of the benefits are governed by a document that details eligibility, enrollment and other important guidelines. 

Benefit

Description

Dental Insurance

In network and out of network options. Coverage includes two free routine cleanings per calendar year and a vision discount plan through VSP at no additional cost.

Health Insurance

Qualified High Deductible Health Plan (QHDHP) through Aetna is offered. Individual deductible: $4000. Family deductible: $6000. Includes EyeMed Vision Care discount plan at no additional cost. 

Health Savings Account (HSA)

Royal matches dollar for dollar up to certain limits based on coverage and enrollment. Up to $1200 for individual coverage and $2000 for family coverage. 

Group Voluntary Term Life (VTL)

Rates are determined based on age and use of tobacco with initial enrollment guarentees of up to $100,000 for employees. Coverage is also available for spouses and children. 

Short Term Disability (STD)

Coverage is paid for entirely by Royal. Primary benefit is 60% of predisability earnings with a 15 calendar day wait period. 

Long Term Disability (LTD)

Coverage is paid for entirely by Royal. Primary benefit is 60% of predisability earnings.

Term Life Insurance

Life insurance coverage paid for entirely by Royal. Benefit amount is $25,000 for ages under 70 years and $10,000 for ages 70+.

Employee Stock Ownership Plan (ESOP)

Retirement Savings Plan. Based on Vested status, employees are eligible to receive stock distributions from Royal from contributions made to the plan based on the valuation of the company. 

401K

Retirement Savings Plan.  Employees may reduce compensation by a specific percentage and have that amount contributed to the 401K Retirement Plan on a pre-tax basis.

Paid Time Off (PTO)

PTO rate, depending on seniority, is accrued from hours worked (not to exceed 2080 hours) per calendar year.  

Paid Holidays

Eight paid holidays per calendar year: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, Friday after Thanksgiving, Christmas Eve, and Christmas Day.

Employee Assistance Program (EAP)

Employees are granted five free confidential visits each year for mental health needs. 

Referral Bonus

Employees who refer an applicant will receive $100 if the applicant is hired and passes the 60 day review. An additional $100 is given following the 6 month review. 

Incentive Bonus

Amounts are determined by the President and paid from corresponding months gross wages. 

Safety Glasses

Royal will reimburse employees up to $150 for prescription single lenses and up to $200 for prescription multifocal lenses for the purchase of ANSI approved industrial safety prescription eyewear. 

Tuition Reimbursement

Royal encourages professional growth of employees by offering Tuition and book reimbursement up to $2500 per calendar year.

Wellness Program

A variety of programs throughout the year including monthly programs, newsletters, and health screenings. 

Shift Differential

Any employee that is regularly scheduled to work their shift after 12 p.m. shall receive a shift differential. Current rate is 10%.