Benefits (US)

We believe that committed and productive people are the most valuable asset of our organization. For you to be committed and productive, you must know that we value you and are are concerned about your well being. This is one of the company's core values. One of the best ways for Kofax to demonstrate that we care about you is to implement a progressive benefit program that meets your personal needs.

 

Medical Plan Options

Eligibility begins on the first day of the month following date of hire:

Out of state benefits may vary.

Dental Plan Options

Eligibility begins on the first day of the month following date of hire.

Cigna Dental PPO - this indemnity plan covers 100% preventative / diagnostic services, 80% of basic services and 50% of major services to a $2,000 maximum per plan year. A $50 individual / $150 family deductible applies for basic or major services. Covers 50% orthodontia services for dependents under 19 years of age up to $1,500 lifetime coverage.

Percentages are of allowable charges with an out of network provider. If a network provider is used, then contracted rates apply.

Vision Plan Options

Eligibility begins on the first day of the month following date of hire.

VSP - this indemnity plan provides a standard eye exam, lenses and frames every 12 months. Contact lens benefits are provided in lieu of frames. Allowance restrictions do apply. This plan allows for network and out of network providers to be used. If a network provider is used, then a deductible schedule is used while an out of network provider provides allowable charges to be reimbursed.

Short-Term Disability Plan

Eligibility begins on the first day of the month following 30 days of employment.

Benefit provides 60% of base earnings, up to a weekly maximum of $1,500. Coverage begins on 31st day of disability or first day of hospitalization and continues for a maximum of 9 weeks. Benefit is reduced by any SDI benefits received.

Long-Term Disability Plan

Eligibility begins on the first day of the month following 30 days of employment.

Benefit provides 60% of monthly salary up to $11,000 per month. Coverage begins on 91st day of disability.

Life and AD&D Insurance

Eligibility on the first day of the month following date of hire.

Company provides one times Annual Salary up to a maximum of $50,000.

Supplemental and Universal Life Insurance

Eligibility on the first day of the month following 30 days of employment.

Benefits may be purchased for Employee, Spouse or Children in various increments.

Flexible Spending Accounts

Through payroll deductions, employees can reduce their taxable income by setting aside pre-tax dollars to pay for dependent care, health care expenses not reimbursed by insurance, and health care premiums.

Dependent Care Reimbursement: Employees may set aside up to $5,000 annually to pay for eligible expenses related to child care, care of a disabled spouse and / or disabled or aged parent.

Health Care Reimbursement: Employees may set aside up to $2,500 annually for health care expenses incurred that are not paid for by insurance carrier (deductibles, co-pays, etc.).

Vacations

Eligibility begins for all regular full-time and part-time employees on the first day of the month following their date of hire. Begin with 2 weeks per year, plus one day per year at anniversary to a maximum accrual of 5 weeks.

Holidays

Eligibility begins on first day of employment. Kofax provides 10 holidays each year in addition to vacation.

Educational Reimbursement Program

Eligibility for regular full-time employees after 90 days of employment. Requires preapproval.

Amount of reimbursement is determined by length of service and grade received. Courses must carry academic credit.

Professional Development

In addition to our Educational Reimbursement program, Kofax encourages every employee to participate in 2 to 5 days of professional development programs each year. All professional development programs are subject to manager approval.

401(K) Savings Plan

Regular employees age 21 or older with at least 3 months of service.

Employees may choose to invest their contributions in a variety of funds managed by Fidelity Investments.

Employees can defer up to dollar amount set by law which is adjusted annually to reflect cost of living increases or 60% of compensation per year, whichever is less.

Kofax will match 50% of an employee's contribution up to their first $4,000 per year. Matching contributions will vest over a 6-year period.

Additional Benefits

This information is intended to provide you with a brief description of some of the benefits provided to Kofax employees. It is used as a reference document only and is not intended to be an official contract guaranteeing coverage. Kofax reserves the right to modify any or all components of the company's benefit plans at the sole discretion of management. Although employees will be notified in advance where possible, any such changes may occur with or without notice. For employees not residing in California the medical plans may vary.