Certified Financial Planner Board of Standards Inc.

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CFP Board Employee Benefits

CFP Board believes that each employee contributes directly to CFP Board's growth and success. We encourage staff to take pride in being a member of our team. We support staff in finding a balance between life and work and CFP Board believes that the work conditions, wages and benefits it offers to its employees are competitive with those offered by other employers.

Health and Welfare Plans
Paid Time Off
Miscellaneous Benefits Programs

BENEFIT	EFFECTIVE DATE	COST PAID BY CFP BOARD
HEALTH AND WELFARE PLANS
Life Insurance: Provides term insurance coverage up to two times an employee's annual salary to a maximum of $500,000. Accidental Death & Dismemberment Insurance: AD&D is tied to the life insurance as a package. Coverage is equal to the amount of life insurance you have. Short Term Disability (STD) Insurance: Helps replace 66.7% of your salary (weekly maximum of $2500) if you suffer a covered disability for up to 13 weeks. (Waiting period = 14 days) Long Term Disability (LTD) Insurance: Helps replace 66.7% of your salary (monthly maximum of $12,000) if you suffer a covered disability for an indefinite period of time. (Waiting period = 90 days) Provider: The Hartford	First of the month following date of employment	100%
Dependent Life Insurance: CFP Board also purchases basic term-life for spouses in the amount of $5,000 (the value above $2,000 is a taxable item) and dependent coverage based on age starting at $400 up to and including $2,000. Provider: The Hartford	First of the month following date of employment	100%
Worker's Comp: If an employee is injured or becomes ill as a result of work, he or she may be eligible to receive insurance benefits provided under the applicable state's Workers' Compensation Act. CFP Board pays for all costs associated with providing this insurance protection. It is important to report immediately any accident or injury that occurs on the job, or that is believed to be job-related, to a supervisor or to the Human Resources department.	Date of employment	100%
Health Insurance: Helps pay covered medical expenses for employee and the employee’s eligible dependent(s). Provider: United Health Care	First day of full month following employment	100% of premium for single coverage; 75% of premium for dependents
Vision Insurance: Helps pay covered vision expenses for employee and the employee’s eligible dependent(s). Provider: United Health Care	First day of full month following employment	100% staff 50/50 split for dependents
Dental Insurance: Helps pay covered dental expenses for employee and the employee’s eligible dependent(s). Provider: United Health Care	First day of full month following employment	100% of premium for single coverage; 75% of premium for dependents
Employee Assistance Program: Through the Employee Assistance Program (EAP) provided by Anthem and the Ability Assist Program provided by Hartford, CFP Board provides access to professional counseling services for help in confronting such personal problems as alcohol and other substance abuse, marital and family difficulties, financial or legal troubles, and emotional distress. Providers: Anthem EAP and The Hartford	First day of full month following employment	100% of premium
125 Plan: CFP Board employees may participate in the flexible spending 125 plan, which offers tax savings, when employees deposit pre-tax dollars into a fund, which can later be used as reimbursement for covered expenses. The employee’s share of group insurance premiums can automatically be paid through the 125 Plan, providing tax savings to insured employees. Medical Flexible Spending Account: The Medical Reimbursement Plan offers reimbursement of medical care expenses not covered by insurance, such as co-pay on eye exams or medical appointments, glasses, prescriptions and qualified over-the-counter items. Dependent Child Care: Offers reimbursement of child care expenses. Transportation Reimbursement: Offers reimbursement for parking and transit expenses. Provider: PayFlex	First day of full month following employment
401(k): Upon enrollment, employees may elect to defer up to 100% of Eligible Compensation or the statutory limit, whichever is less. Employees are 100% vested in their deferrals and any gains or losses on those deferrals from the first day of participation in the plan. Provider: Wells Fargo	First day of full month following employment	Company contribution of 3% and company match of 50% of employee's contribution, up to 3%

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BENEFIT	EFFECTIVE DATE	COST PAID BY CFP BOARD
PAID TIME OFF
Paid Holidays	Date of employment	11 days per year
Annual and Sick Leave: Currently being revised. Updates will be available soon.
Medical/Parental Leave of Absence: Maximum 12 weeks of unpaid leave	After 6 months of continuous employment	No cost

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BENEFIT	EFFECTIVE DATE	COST PAID BY CFP BOARD
MISCELLANEOUS BENEFITS PROGRAMS
Parking/Metro Benefit: CFP Board will pay for parking or Metro expenses.	Director level and up: First day of employment All other employees: After two years of continuous employment	100%
Tuition and Certification Reimbursement: Full-time employees in good standing are eligible for tuition and/or certification reimbursement.	After six months of continuous employment	Tuition, textbooks, and laboratory/registration fees will be reimbursed at 50% of expenses incurred, provided that the employee receives a grade of "C" or above. The 50% will increase to 75% for classes in which the employee gets an "A"(if the class is a pass/fail class with no letter grade given, 50% reimbursement will be given for a "Pass"). The maximum reimbursement amount is $2,000 per calendar year.
Professional Development: With supervisor and HR approval.	Date of employment	100%
Financial Planning Reimbursement: Employees who use the service of a CFP® professional for personal financial planning may request reimbursement up to $300 per calendar year.	Date of employment	$300 per year
Wells Fargo Bank Wells Fargo	Date of employment	No Cost
National Preferred Employers Program NPEP	Date of employment	No Cost
House$mart Program House$mart	Date of employment	No Cost
Casual Dress Friday	Date of employment	No Cost

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