Flexible spending accounts (FSAs) are available to assist in covering out-of-pocket health care costs. In addition, one free physical is available every other year for corporate office employees, and full-time employees are offered incentive wellness programs.
Benefits/Financial: Employees working 19 or more hours per week are offered a 401(k) plan with employer match, and a defined-benefit plan. Employees age 50 and over can make catch-up contributions to their 401(k) plan, and may choose to invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.
Employees are offered financial education from external financial planning experts. The financial seminars cover topics on retirement planning, estate planning and benefits coverage.
Short- and long-term leaves of absence without pay are offered to allow for caregiving.
Wellness benefits offered to full-time employees include health risk appraisals, smoking cessation programs, health club discounts, weight loss programs, and stress management training. Flu shots are also offered.
Manheim offers referral services to assist with child care, grandchild care and eldercare to its employees working 30 or more hours per week.
Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees: flextime, compressed work schedules (must work 24 or more hours per week), job sharing and telecommuting. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: Manheim has 3,500 retirees and an individual directly responsible for retiree relations. The company stays connected to its retirees by communicating with them on a regular basis and by formally acknowledging retirees when they retire. Retirees are offered the following work opportunities: temporary work assignments, consulting or contract work, telecommuting, full-time work, and part-time work.
Age of Workforce: Fifty-seven percent of Manheim employees are age 50 and over. The average tenure of those employees is 7 years.
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