Benefits

We offer great opportunities with an outstanding benefits package. Let us help you plan for a secure future with our outstanding benefits package. Programs include profit sharing and stock purchase plans; 401(k); medical, dental, vision, life and disability insurance; paid holidays and educational reimbursement.

BWSC Stock

BWSC is an employee-owned company. After 1 year of continuous full-time employment, an employee may purchase stock by cash or payroll deduction. Upon participation in the Profit-Sharing Plan, an employee may purchase stock on a pretax basis by payroll deduction through the 401(k) plan.

Retirement Benefits

A new employee becomes a participant in the retirement plan on the earlier of January 1 or July 1 after completing 1 year of service. A participant is 100% vested after 5 years of service as defined by the plan.

Profit-Sharing Plan

Each participant shares in the annual firm contribution to the plan. A participant’s portion is based on the ratio which the participant’s total annual compensation for the plan year bears to the total annual compensation of all participants in the plan for the same plan year. The firm’s contribution has recently averaged slightly over 2% of participants’ salaries, including overtime and bonus.

401(k)

The Profit-Sharing Plan includes a 401(k) component that allows an employee to supplement the firm’s two retirement plans by contributing pretax earnings upon participation in the Profit-Sharing Plan and/or by rolling over funds from another qualified plan upon employment.

Insurance

Medical

The firm strives to maintain excellent medical insurance coverage for employees and their dependents. The firm pays 90% of the cost for employee medical insurance and half the cost of family coverage.

Dental

Dental insurance coverage is available for employees and their families, with the entire cost paid by the employee through payroll deduction.

Vision

Supplemental vision insurance is available for employees and their families, with the entire cost paid by the employee through payroll deduction.

Life

All active full-time employees are covered by a life insurance policy in the amount of 1.5 times the employee's annual salary, rounded to the next $1,000. The premium is paid by the Firm. The plan also provides life insurance for Dependents.

Short-Term Disability

All active full-time employees are covered by disability insurance, which pays to them weekly, in the event of becoming disabled, 60% of their base salary. The firm pays the premium for the short-term disability insurance.

Long-Term Disability

All active full-time employees are covered by disability insurance, which pays them monthly, in the event of becoming totally disabled, 60% of their base salary and bonus. The firm pays the premium for the long-term disability insurance.

Holidays

All active full-time employees are paid for 6 holidays during the year:

• New Year’s Day
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Christmas Day

Continuing Education

After one year of employment, all active full-time employees are eligible to apply for continuing education financial assistance by the application due date.

Additional Benefits

Supplemental Insurance

Through payroll deduction, the firm makes available to employees and dependents the following optional coverage:  Cancer Care and Hospital Intensive Care Insurance; Term Life Insurance.