All full-time employees are eligible for the following benefits. Part-time employees are eligible for health and dental insurance without a Graceland subsidy. Benefits begin the month after hire date. Premiums are deducted the month before coverage period.
Graceland offers two different health plan deductible levels to meet employees' needs. Health plan premiums are based on the annual salary of the employee and the deductible level chosen. Premiums are paid on a pre-tax basis and range from $65/month to $800/month, depending on annual salary and plan chosen. Graceland subsidizes the cost for employees.
Graceland offers dental insurance. Monthly premiums are deducted on a pre-tax basis and range from $18/month for single coverage to $64/month for family coverage. Graceland helps employees pay for this insurance plan.
Voluntary vision insurance is available to employees. Employees pay the full premium which ranges from $10/month for single coverage to $25/month for family coverage.
Graceland pays for life insurance equal to the employee's annual salary up to a maximum of $50,000. Graceland also provides $2,000 coverage on spouse and dependents. Supplemental life insurance is available for employee purchase.
Accidental Death and Dismemberment Insurance
Graceland pays for coverage on the employee equal to their annual salary. This insurance provides coverage 24 hours a day in the event of an accident. Optional coverage is available for purchase by the employee.
Graceland provides long-term disability coverage. This insurance will replace 60 percent of wages in the event that the employee becomes disabled and unable to work for longer than 90 days. There is no cost to employees for this insurance.
Flexible Spending Account/Health Savings Account
Pre-tax money set aside for eligible medical expenses/day care expenses.
Graceland University Retirement Plan II
Employees hired after Aug. 1, 2006, are eligible for a group 403(b) plan. Employees must complete 1,000 hours of service in the first year of employment to be eligible. Employees may contribute pre-tax or after-tax money into this plan. Graceland will contribute a discretionary base contribution into eligible employees' plans after the first year. Graceland will also match employees' contributions 50 cents on the dollar up to six percent of the employee's pay after the first year of service. Employees do have to complete five years of service to be 100 percent vested in the Graceland contributions into the plan. Principal administers this plan.
Undergraduate tuition is covered by tuition remission at Graceland. Graceland also belongs to two tuition exchange programs. There are over 300 private colleges and universities all around the country that will also provide free tuition to our employees and their qualified dependents. Employees may look at the list of tuition exchange schools at www.cic.edu and at www.tuitionexchange.org. A free Skillpath seminar is available for employee development once a year.
- access to Graceland Library (Lamoni only)
- discount in bookstore
- GBucks (Lamoni only)
- free admission to most athletic events (Lamoni only)
- reduced admission to cultural events in Shaw Center (Lamoni only)
- long-term care insurance group discount
- on-site fitness facility (accessible by employees for an annual fee)
- access to indoor track, tennis courts (Lamoni only)
- Employee Assistance Program
- free financial planning