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.
|A Qualified High Deductible Health Plan (QHDHP) through United Healthcare is offered with an individual deductible of $4,000 or a family deductible of $8,000.
|Royal offers 2 dental plans through Principal to provide you choices to help you and your family obtain quality dental care. Both a PPO and a Buy up plan are offered. Coverage includes two free routine cleanings per calendar year.
|Administered by EyeMed, Royal’s vision insurance covers eye exams once every 12 months. Contacts, lenses and frames are also either covered or have copays or allowances provided.
|Health Savings Account (HSA)
|Royal matches dollar for dollar up to certain limits based on coverage and enrollment. Up to $1,200 for individual coverage and $1,800 for family coverage.
|Group Voluntary Term Life (VTL)
|Rates are determined based on age and use of tobacco with initial enrollment guarantees 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 pre-disability earnings with a 15 calendar day wait period.
|Long Term Disability (LTD)
|Coverage is paid for entirely by Royal. Primary benefit is 60% of pre-disability 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+.
|Offered by Transamerica, Accident Insurance can help you pay for medical bills and other out-of-pocket expenses that often arise after an unexpected injury.
|Hospital Indemnity Insurance
|Offered by Transamerica, Hospital Indemnity Insurance pays benefits for expenses that arise if you or a covered family member end up in the hospital.
|Critical Illness Insurance
|Offered by Transamerica, Critical Illness Insurance can help you pay the costs associated with the initial diagnosis of hearth attack, stroke or other serious illness.
|Healthcare Bluebook is an added healthcare benefit to help you shop for care, compare facilities, and save money on healthcare services.
|Virtual Doctor Visits
|Getting to the doctor when you’re sick isn’t always easy. See a doctor anywhere, anytime online or on your phone. Virtual visits can be used for many non-emergency medical conditions including bronchitis, cold/flu, allergies, pinkeye, rash, sinus problems, sore throat etc.
|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.
|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.
|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, financial and legal resources as well as free online will preparation.
|Employees who refer an applicant will receive $250 if the applicant is hired and reaches 60-days. An additional $250 is given after 6-months of employment.
|Amounts are determined by the President and paid from corresponding months gross wages.
|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.
|Royal encourages professional growth of employees by offering Tuition and book reimbursement up to $2,500 per calendar year.
|A variety of programs throughout the year including monthly programs, newsletters, and health screenings.
|Any employee that is regularly scheduled to work their shift after 12 p.m. shall receive a shift differential. Current rate is 10%. For Weekend shift employees the current rate is 20%.