Compensation and Benefits

ABS believes employees are the most important investment for success, and ABS's comprehensive compensation and benefits program reflects that belief. The program's purpose is to attract, retain and reward the people responsible for our company's success.

This is only a summary of the benefits we offer to our Employees. When someone joins the ABS Team, they receive detailed information about eligibility, enrollment and other important information.

Benefit	Coverage Summary	When You Can Participate
Compensation	Our salary administration program is designed to reward and motivate employees to deliver long-term results Direct Deposit	Employees are reviewed annually

Medical	Blue Cross Blue Shield (Two options are provided) Prescription drug coverage ABS pays 100% of the cost of employee coverage on the High Deductible Plan and 98% of the cost of employee coverage on the traditional PPO plan. Dependent coverage is available through payroll deduction	The first of the month following 60 days of employment

Dental	Provided by Guardian Insurance Features valuable preventive care along with basic and major care coverage ABS pays the cost of employee coverage Dependent coverage is available through payroll deduction	The first of the month following 60 days of employment

Vision	Provided by Guardian Insurance Features valuable preventive care along with basic and major care coverage Coverage is available through payroll deduction	The first of the month following 60 days of employment

Spending Accounts	HEALTH SAVINGS ACCOUNT - A Health Savings Account (HSA) is an account that you can put aside pre-tax dollars to save for future medical expenses in conjunction with a Qualified High Deductible Health Insurance Plan.	First of the month after 60 days of employment
	Health Care Spending Account - Lets you set aside a certain amount of your paycheck into an account before paying income taxes. Then, during the year you can be directly reimbursed from your account for qualified healthcare expenses.	After one year of employment
	Child/Elder Care Spending Account - Lets you set aside a certain amount of your paycheck into an account before paying income taxes. Then, during the year you can be directly reimbursed from your account for qualified child or elder care expenses.	After one year of employment
	Group Insurance Premiums - Lets you use pre-tax dollars to pay for eligible payroll deducted insurance premiums	First of the month after 60 days of employment

Life Insurance	ABS provides life insurance at no cost for eligible employees and qualified family members as a measure of financial protection for families. Eligible employees have the opportunity to enroll in a supplemental life insurance program that provides additional coverage for a low monthly cost	The first of the month after 60 days of employment

Long-term Disability Insurance	ABS provides LTD insurance at no cost for eligible employees that provides employee coverage of 60% of eligible compensation for qualified events	The first of the month after 60 days of employment

401(k) Savings Plan	Employee Contributions - allow employees to contribute on an after-tax basis through bi-weekly payroll deduction	First of the month following one year of employment
	Employer Contributions – ABS makes a annual contribution to the employees account based on a pre-determined formula as set-out in the SPD. This amount currently averages 4% of the employees Gross Annual Salary	Either January 1st or July 1st after completing one year of service
	Employer Matching Contributions – ABS matches dollar-for-dollar on the first 2% contributed by the employee into the plan as set-out in the SPD.	First of the month following one year of employment.

Holidays	ABS employees have seven paid holidays each year	Upon Hire

Vacation	Eligibility is based on years of service After 1 year of service: 10 days After 7 years of service: 15 days After 16 years of service: 1 extra day per year up to a total of 20 vacation days	After one year of service

Sick Leave	6 days per year	Upon Hire

Other Benefits	Credit Union Membership is Available Supplemental health, disability, & life insurance policies are available for employees and their dependents at costs that vary with the coverage selected.	Upon Hire First of the month following 60 days of employment

Driver Benefits	Drivers receive all benefits listed above, plus those listed in this area All our drivers are home every weekend Drivers are assigned a primary vehicle with no slip-seating Drivers are allowed to take assigned vehicle home Cell phone provided No waiting on dispatch

This information does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is any discrepancy between this information and the governing documents, the governing documents will control. Neither this document nor its distribution should be interpreted as an offer of, or contract for, employment. Allied Building Stores, Inc. expressly reserves the right to amend, modify, reduce, or terminate the ABS Benefits Program at any time.