We’ve created a comprehensive competitive benefits program that is designed to allow associates to choose the benefits that best fit their needs depending on where they are in their lives. Full time new hires become eligible for most benefits on the first day of the month following 30 days of employment. The following is a summary of the benefits offered to US Epsilon associates.
Health and wellness
Epsilon’s medical offerings include 2 medical plans. The PPO plan is a traditional plan with both in and out of network levels of coverage and annual deductibles. We also offer a Consumer Driven Health Care plan, which gives associates a bank of money (HRA) to use for their services. Unused funds roll over from year to year with no limit.
In addition to the high level of preventative care we offer in our medical plans, Epsilon supports associates in their efforts to achieve and maintain good health. We offer healthyAlliance, a voluntary program where associates earn points through healthy activities that make them eligible for a discount in their medical premiums.
Security and savings
We provide both short and long term disability programs for associates that offer a level of protection for health related, extended absences from work.
Associates and their eligible family members are eligible for life insurance (some company paid and other optional benefits available.)
We offer an employee paid optional Accidental Death and Dismemberment plan for associates and their family members.
Basic services such as document preparation are covered under this employee paid benefit provided by Hyatt Legal (divorce and child custody services are not eligible).
Epsilon has a 401(k) plan with a lucrative company match. After 6 months of service, full time associates are eligible for the company match. For every dollar you put in, we will match it up to 5%. For every dollar in the 4-5% contribution bracket, we will match $1. So, for every $5 you set aside, we’ll give you $5 and there is no vesting for this portion of the plan.
Just like the 401(k) plan, we like to give associates the chance to lower their taxable income by setting aside pretax dollars in a Flexible Spending program for eligible health care and dependent care expenses. Our health care FSA plan provides a debit card to participants for ease of use.
Epsilon is part of a larger publicly traded company, Alliance Data (NYSE symbol ADS). We offer our associates the benefit of a stock purchase program where participants can purchase ADS stock at a discount. Purchases are made based on the average of the high and low trading price on the purchase date with a 15% discount applied.
We offer associates reimbursement for adoption related costs up to $2,500 per adoption.
After 6 months of service and with manager approval, full time associates are eligible to be reimbursed for tuition, books, and fees for business related degrees, up to $5,250 annually.
We provide associates a bank of hours for backup care (in home or a licensed participating center) that they have the option to use for unexpected situations where there is a breakdown in their normal day care (e.g. when schools are closed due to holidays, kids are sick and cannot attend regular day care or day care is needed in other situations).
In addition to healthyAlliance, we also offer a Wellness Reimbursement Program which allows associates to submit eligible expenses such as gym memberships and weight loss programs for reimbursement. This program operates independent of our health plans, so you don’t need to participate in an Alliance Data sponsored program to participate in this program.
Epsilon recognizes 8 holidays throughout the year: New Years Day, Memorial Day, July 4, Labor Day, Thanksgiving Day, the day after Thanksgiving, Christmas Eve Day, and Christmas Day.
Epsilon recognizes the need for associates to periodically take time away from work for vacation, illnesses and when unforeseen circumstances occur. Our Flexible Time Off (FTO) and Paid Time Off (PTO) policies have you covered when you need to take a break to recharge and our Paid Sick Leave Policy and Absence from Work policies have you covered in other situations.