This report analyzes and compares ACE HARDWARE's employee health insurance and employee benefits with its industry and in Illinois State.

COMPARE ACE HARDWARE'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.

Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.

This report contains the following sections

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

ACE HARDWARE has top-notch career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the ACE HARDWARE. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: ACE HARDWARE believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. ACE HARDWARE has great resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: ACE HARDWARE does not offer coaching and mentoring.
  • DEVELOPMENT RESOURCES: ACE HARDWARE encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, ACE HARDWARE supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: ACE HARDWARE has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
  • LEADERSHIP PROGRAMS: ACE HARDWARE is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, ACE HARDWARE ensures that team members with a potential for becoming leaders can achieve their goals.
  • ONBOARDING: ACE HARDWARE offers a superior Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
  • RECOGNITION PROGRAMS: ACE HARDWARE knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to ACE HARDWARE.
  • TUITION REIMBURSEMENT: ACE HARDWARE realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
ACE HARDWARE's career benefits comparison table

Benefit

ACE HARDWARE

Industry

Illinois

Career planning Benefits
Coaching and mentoring Benefits
Development resources Benefits
GED reimbursement Benefits
Leadership programs Benefits
Onboarding Benefits
Recognition programs Benefits
Tuition reimbursement Benefits

Healthcare benefits

ACE HARDWARE offers superior health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy ACE HARDWARE's superior maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: ACE HARDWARE has an impressive counseling program for its employees and their family members. Team members are encouraged by ACE HARDWARE to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
  • DENTAL PLAN: ACE HARDWARE offers a solid dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
  • HEALTH INSURANCE: ACE HARDWARE provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: ACE HARDWARE offers its team members superior health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. ACE HARDWARE provides educational material and seminars.
  • HEALTHCARE SPENDING ACCOUNTS: ACE HARDWARE offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
  • MATERNITY SUPPORT PROGRAM: ACE HARDWARE offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: ACE HARDWARE does not offer telehealth.
  • VISION PLAN: ACE HARDWARE offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
ACE HARDWARE's healthcare benefits comparison table

Benefit

ACE HARDWARE

Industry

Illinois

Counseling Benefits
Dental Plan Benefits
Health Insurance Benefits
Health Plan Incentives Benefits
Healthcare Spending Accounts Benefits
Maternity support program Benefits
Telehealth Benefits
Vision Plan Benefits

Financial benefits

ACE HARDWARE offers remarkable financial benefits for employees and their family members. A remarkable 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.

  • 401(K) PLAN: ACE HARDWARE has an outstanding 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, ACE HARDWARE offers an outstanding program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, ACE HARDWARE offers individual financial consultations so that each employee can create a personalized investment plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: ACE HARDWARE has a superb Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by ACE HARDWARE.
  • BONUS PAY: ACE HARDWARE has a good bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
  • CHILDCARE DISCOUNT: ACE HARDWARE has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
  • COMMUTER BENEFIT: ACE HARDWARE offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: ACE HARDWARE offers an extraordinary daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
  • DISABILITY: ACE HARDWARE has an outstanding disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
  • LIFE INSURANCE: ACE HARDWARE offers an outstanding life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This outstanding life insurance package contains dependent policies as well.
  • PAID TIME OFF: ACE HARDWARE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why ACE HARDWARE has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
  • PAID VOLUNTEER TIME OFF: ACE HARDWARE recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ACE HARDWARE, on volunteer work of their choice.
  • PARENTAL LEAVE: ACE HARDWARE has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
ACE HARDWARE's financial benefits comparison table

Benefit

ACE HARDWARE

Industry

Illinois

401(k) plan Benefits
Adoption assistance reimbursement Benefits
Bonus pay Benefits
Childcare discount Benefits
Commuter benefit Benefits
Daycare flexible spending account Benefits
Disability Benefits
Life insurance Benefits
Paid time off Benefits
Paid volunteer time off Benefits
Parental leave Benefits

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