Farm Bureau® Client

Employee Benefits

Employee Benefits2024-07-11T16:16:00-06:00

At AmericanAg®, we value our employees’ contributions! We offer competitive salaries, an annual bonus program, and comprehensive retirement plans to help you build a secure future. Additionally, we provide continuing education opportunities, health spending accounts, and generous paid time off benefits.

We also prioritize the health and well-being of our employees. We offer a variety of programs to help you achieve work-life balance and live a healthy life.

Medical, Dental and Vision Insurance

AmericanAg® offers health and prescription coverage to eligible employees and their families. Eligible employees can choose from two PPO plans – a low deductible plan or an HSA-eligible high deductible plan.

If you enroll in the high deductible plan, AmericanAg® will make an annual contribution to your HSA account. The company pays most of the cost for individual coverage and a large portion of the cost for family coverage.

AmericanAg® offers dental coverage from Delta Dental PPO and vision coverage from VSP.

Retirement Benefits

AmericanAg® employees can take advantage of both a company-funded cash balance retirement plan and a 401(k) plan. Each year, eligible employees are credited with an allocation to their cash balance account within the pension plan.

The 401(k) plan is available through Fidelity. AmericanAg® matches employee contributions to the 401(k) dollar for dollar up to $3,500 per plan year. Matching funds are vested immediately.

Life Insurance

AmericanAg® provides both life insurance and accidental death and dismemberment (AD&D) insurance in an amount of coverage equal to two times the employee’s earnings, up to a maximum of $750,000.

You may also purchase supplemental life insurance for you, your spouse and/or children.

Flexible Spending Accounts

Pre-tax flexible spending accounts are available for health expenses, dependent care, parking, and public transportation. For employees that participate in the high deductible health insurance plan, AmericanAg® also offer a Health Savings Account (HSA), along with an annual employer contribution.

Vacation & Holidays

The company offers 15 days of vacation in a full calendar year. Vacation is pro-rated your first year based on your hire date.

AmericanAg® also provides paid holidays and floating holidays. Floating holidays are prorated your first year.

Summer Hours

During the summer, AmericanAg® offers summer hours. You can opt to reallocate your working hours in the preceding nine days and take every other Friday off.

Sick Leave & Disability Benefits

All full-time employees receive 15 sick days when they start at AmericanAg® and earn a day of sick leave each full calendar month of employment.

Salary continuation for a short-term disability is paid at 100% of salary, while long-term disability coverage is provided at 60% of salary.

Paid Parental/Adoption Leave

AmericanAg® offers generous leave policies for new parents, including 12 weeks of paid maternity leave and two weeks of paid paternity leave following the birth of a child, and eight weeks of paid parental leave following the adoption of a child or placement of a foster child.

Continuing Education

AmericanAg® pays 100% of the cost of approved seminars, classes, and certification and/or designation program fees for employees.

The company also reimburses you for up to $600 per credit hour for degree programs, provided upon completion of the degree program.

Additional Benefits

AmericanAg® offers many additional benefits such as service awards, paid time off for group volunteer events, gym membership reimbursement, employee referral bonus, and employer donation matching.

This summary is intended to provide you general information about various aspects of employment with AmericanAg®, including benefit programs. Statements in this summary are informational only and do not constitute an employment contract. Statements in this summary are not conditions of employment and may be modified, revoked, or changed at any time by AmericanAg® with or without notice. Actual plan provisions for AmericanAg® benefits are contained in the appropriate plan documents or applicable company policies. In the event of conflict between such documents/policies and information presented in this summary, the terms of the actual plans or policies will control. AmericanAg® reserves the right to amend or terminate any of its plans or policies at any time with or without notice or cause. Please contact the AmericanAg® Human Resources Department with any questions.

Transparency in Coverage (bcbsil.com)

This link leads to the machine-readable files that are made available in response to the Federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.

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