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Employee Benefits
Bi-Mart understands the importance of providing health and financial security to you and your family. We strive to attract and retain the best employees and believe that one of the ways we accomplish this is by offering a comprehensive benefits package. This package, on average, adds 40% to our employees’ total compensation.
Purchase Discount
Following three months of employment, eligible employees qualify for an Employee Purchase Discount.
Group Health/Disability/Survivor Benefits
Bi-Mart makes coverage for preventative care, medical services and supplies, prescription drugs, vision, dental, and mental health and substance abuse treatment available to our eligible employees and their eligible dependents. Employees share in the cost of these benefits through pre-taxed payroll deductions. The company and employees share in the responsibility to control costs as proactive health care consumers.
Basic insurances such as life, accidental death and dismemberment, and disability are also provided to eligible employees.
Retirement Benefits
401(k)
Bi-Mart offers eligible employees the opportunity to save money for retirement on a pre-tax basis. This program allows eligible employees to defer a portion of their compensation into a tax deferred retirement plan through the convenience of payroll deduction. As a participant of this program, employees are able to self-direct their investments into specific mutual funds or take advantage of time frame portfolios, an investment option based on your expected retirement date that offers a simple way to diversify your retirement investment. Participants have access to their funds through a loan provision and, under certain circumstances, may make withdrawals in the case of hardship.
Employee Stock Ownership Plan (ESOP)
The ESOP is designed to give each eligible participant a share in the ownership of the company through annual allocations of company stock. Not only do eligible employees benefit from the annual allocation of shares, but they also get the satisfaction of sharing in the potential success of their company while working alongside other employee-owners whose common goal is to make the company successful.
Paid Time Off (PTO)
All part-time and full-time employees are awarded PTO as follows:
Years of Service Number of Weeks PTO Accrual Rate for Every 52 Compensated Hours
From date of hire: 2 Weeks (2 hours of PTO up to a max of 80 hours per year)
After 7 Years: 3 Weeks (3 hours of PTO up to a max of 120 hours per year)
After 14 Years: 4 Weeks (4 hours of PTO up to a max of 160 hours per year)
In addition to the PTO accrual listed above, hourly employees will receive an anniversary day after the completion of each anniversary year.
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