Health, Vision and Dental Insurance
Employees are eligible to enroll in the insurance plan after being employed by Deckers for three months. Their eligibility date will be the first day of the month following their third month anniversary. The company pays approximately 80% of the employee’s premium and a portion of the premium for spouse and/or family coverage (this will be detailed in orientation). The employee’s and spouse/family portion is paid through the Section 125 Flexible Spending Plan, which lowers the actual cost of the plan up to 28-35% due to pre-tax deduction through payroll.
Flexible Spending (Section 125 Plan)
This plan allows employees to set aside money from earnings, pre-taxed for premium payments of health and dental insurance for employees and their families; medical, dental and vision expenses for employees and their families; and “day care” expenses for children up to the age of 13. The portion of your pay that is paid to the Flexible Spending Plan is not subject to Federal, State, or Social Security Taxes. This saves all participating employees approximately 28-35% of every dollar spent. Employees are eligible to enroll in this plan immediately. Deckers covers cost of administration for this plan.
Life Insurance
Deckers also offers a Life Insurance policy that provides all full-time employees with coverage of two times their annual salary.
AFLAC Supplemental Insurance
Employees are eligible the first day of the month following their third month anniversary for the following AFLAC supplemental voluntary benefits:
- Accident with option of disability rider (rider not pre-tax)
- Short-Term Disability (not pre-tax)
- Intensive Care
- Personal Cancer
- Personal Recovery
These benefits are extremely affordable, portable (you can take them with you if you leave employment with Deckers at the same rate) and are paid via payroll deduction (most deducted on a pre-tax basis). AFLAC provides cash benefits directly to you to spend as you see fit – for uncovered medical expenses, for everyday living expenses, for sickness or illness-related treatments.
401-K Retirement Plan
This plan will allow you to voluntarily invest pre-tax dollars (Federal and State Taxes) towards a retirement plan. You may join this plan the first of the month, three months from your date of hire. You may increase or decrease your contributions at the first of each month. Employees are allowed to contribute up to 15,000 per year pre-tax (subject to IRS Testing of all participants). Deckers will pay for administrative charges and quarterly reports for each and every eligible employee. There is a Company contribution of $0.50 per $1 contributed by each employee on a bi-weekly basis, up to $1,200 per year. This match encourages all employees to join the plan. This match is vested at 100%.
Vacation Time
All full-time exempt employees accrue two weeks vacation at the beginning of the first year of continuous employment and three weeks vacation at the beginning of the fifth year of employment. All full-time non-exempt employees accrue one week’s worth of vacation at the beginning of the first year of continuous employment, two weeks vacation at the beginning of the second year of employment and three weeks vacation at the beginning of the fifth year of employment. You can accrue up to six weeks of vacation. Once you have six weeks vacation, you will not accrue additional vacation time until you use your accrued vacation.
Sick and/or Personal Time
In addition to the vacation and holidays provided by Deckers, the Company adds 8 days off annually for sickness. These days can be carried over to the following year if not used, up to an accumulation of 30 days.
Paid Holidays
Deckers observes the following eleven legal holidays:
- New Year’s Day
- Martin Luther King’s Day
- Presidents’ Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Thanksgiving Day
- Day after Thanksgiving
- 2 Days at Christmas
Employee Discounts on shoes:
Employees will receive a discount of 30% below wholesale list price on Teva and Simple shoes, 20% below wholesale list price on UGG products.
