Employee Benefits
We Believe Employee Benefits Contribute to and Reflect the Overall Health of an Organization
In today’s working environment, savvy employees look for more than monetary compensation. Brown Edwards recognizes the importance of a comprehensive benefits package. Upon full-time employment, you will be eligible for the following benefits. All benefits are effective on the first day of the month following date of hire or date of full-time employment unless otherwise noted.
Health
Brown Edwards offers associates several options of health insurance plan selections for hospitalization and major medical insurance coverage through a national health insurance carrier. The firm contributes a significant amount toward the cost of your coverage to make it affordable.
Dental
We offer two dental insurance plans for employees through a major dental insurance carrier.
Vision
Brown Edwards offers its associates a supplementary vision care program through the health insurance plan.
Disability Insurance
The firm provides disability insurance to associates after completing twelve months of service with the Firm.
Short-term – The firm pays 60% of an associate’s salary, up to a maximum of $7,500 per month, after 31 days of continuous absence due to an injury or illness. Long-term – Brown Edwards pays the full cost of this coverage for all eligible associates.
Life Insurance
Term life insurance of approximately three times the associate’s annual salary, up to a maximum of $1 million, is provided for all associates who qualify for the plan after six months of service with Brown, Edwards & Company. The plan covers each associate’s spouse for 1/4 of the associate’s coverage up to a maximum of $25,000 and dependent coverage up to a maximum of $10,000. The plan also has an accidental death and dismemberment rider equal to the base insurance.
Section 125 Plan
Brown, Edwards & Company offers associates the option to participate in a Flexible Benefit Plan. Three reimbursement options are available to all associates. Under each of these plans, the expense is paid by the associate, with before-tax, rather than after-tax dollars. Pre-Tax Benefit gives associates the option to have their portion of medical insurance premiums deducted from their pay on a pre-tax basis. Associates may elect to set aside pre-tax dollars for non-reimbursed Medical Expenses, up to $2,750 per plan year (limits can change annually), on a pre-tax basis. Associate’s may elect to set aside pre-tax dollars to cover Dependent Care Expenses up to $5,000 per plan year.
401(k)
The Firm sponsors a 401(k) plan that allows associates to set aside a portion of their pre-tax earnings. In addition, the Firm matches elective deferrals. The match percentage is 33% or a $1 match for each $3 elective deferral. The 33% match applies to elective deferrals up to 9% of compensation for each pay period. The plan is purely voluntary on the part of each associate. Associates are eligible upon employment to set aside up to 100% of their salary up to the annual maximum allowed by the IRS.
Profit-Sharing
As of the Firm’s fiscal year-end (May 31), Associates who have completed one year of employment with the Firm are eligible for an annual discretionary contribution made by the Firm. The contribution is based upon a percentage of the associate’s earnings. The allocated contributions are subject to a six-year vesting schedule.
Paid Time Off (PTO)
Paid Time Off is earned at the rate of one and one-half days per month up to eleven days during your first year. Associates receive sixteen days of PTO after completing one year, twenty-one days after seven years of service, and twenty-six days after fifteen years of service. In addition, upon promotion to senior manager, 21 days of PTO is allowed regardless of years of service. Senior managers who are promoted to Director are allowed 26 days of PTO. Associates may carry over any unused PTO up to a maximum of 20 days.
Holidays
The Firm observes the following holidays: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and the day after Thanksgiving, Christmas Day and the first Friday following April 15th. The Christmas Holiday may be extended at the discretion of the Firm depending on which day the holiday falls.
Business Casual Dress
The firm observes a dress for your day policy which requires apparel appropriate for the occasion and the business environment at the time.
Mentor Program
Associates are mentored by assigned Directors with semi-annual performance evaluations so as to assist in creating and implementing professional development plans for associates.
CPA Exam
The firm will reimburse up to $2,000 for CPA exam prep materials. Associates receive $3,000 salary increase after passing the entire exam and a $2,500 bonus after passing the entire exam within the 1st year of employment. A bonus of $1,500 is paid if passing the exam after the 1st year of employment.
Continuing Professional Education (CPE)
The Firm will provide at least 40 hours of CPE for all full-time professional associates. Educational needs are evaluated as associate careers progress.
Professional Memberships and Civic Organizations
The Firm encourages all associates to join and participate in professional and civic organizations. The Firm will pay associate membership dues in the American Institute of Certified Public Accountants, the State Societies of Certified Public Accountants, and approved civic organizations.
Associate Recruiting Bonus
The Firm provides monetary rewards and incentives to any associate who refers a “qualified individual” to the Firm for employment.
Events
Brown, Edwards & Company, L.L.P. hosts a variety of activities throughout the year including associate meetings, educational sessions, seasonal celebrations and parties, and other events to foster team building within the Firm and associates.