Employee Stock Ownership Plan (ESOP)
Working for the AZCO Team means an employee becomes a business owner. All employees have the opportunity to own Company shares under the terms of the Company’s Employee Stock Ownership Plan and participate in the Company’s long-term financial results.
AZCO’s most valuable asset is our people.
Therefore we offer a very competitive, well rounded, benefits package to help meet the needs and security of our employees and their families. Listed below are benefits offered to our full-time (non-collective bargaining unit) team members who work 30 or more hours per week.
Medical Program
Medical coverage is available to employees and eligible dependents. Choices consist of various options including the flexibility to choose out-of-network providers. Some plan options include a Company funded health reimbursement account to use for medical deductible expenses, unused portions of which can be rolled over from year to year in accordance with the terms of the plan.
Dental Benefit
AZCO currently offers full time employees the choice of two levels of voluntary dental insurance to provide protection.
Flexible Spending Accounts
The Flexible Spending Account allows before-tax contributions to be used for eligible out-of-pocket health care and dependent care expenses.
Basic Life Insurance
The Company provides term life insurance protection at no premium cost to an employee in an amount up to two times an employee’s annual salary. The plan also provides some coverage for eligible dependents.
Disability Insurance
The Company provides short and long-term disability insurance at no premium cost to its employees. Short-term disability coverage currently replaces up to 60% of an employee’s wage during a qualifying short-term disability and long-term disability coverage currently replaces up to 66 2/3 % of an employee’s wage during a qualifying long-term disability.
401(k) Savings Plan
Our voluntary 401(k) plan allows employees to save for retirement by choosing to contribute a desired percentage of pretax earnings to a traditional 401(k) or a desired percentage of after-tax earnings to a Roth 401(k).
Paid Time Off
A minimum of eight paid holidays are observed each year as well as a generous vacation package and personal days.
Education Reimbursement Program
AZCO recognizes the importance of continued education and professional development. The Education Reimbursement Program allows employees to be reimbursed 100% for preapproved education and textbook costs up to $5,250 each year. AZCO also places importance on and supports continued learning through professional training and conferences.
EAP (Employee Assistance Program)
The Employee Assistance Program is a Company-paid, confidential program to allow an employee, or those residing in the household, assistance with personal and work issues.
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