At Hutchinson Technology, we offer a comprehensive and competitive benefits program to all employees. This program provides a core level of protection and security while allowing you to select additional benefits based on your needs. Below is an overview of our current benefit plans.

RETIREMENT PLAN

401K

This plan offers an excellent opportunity to save for the future on a pre-tax or Roth basis. Plan features include: up to 4% company match, an automatic enrollment feature, high quality investment choices including Target-Date Retirement Portfolios, convenient payroll deduction, a loan option, and on-line access to manage your account. Also available to part-time employees.

HEALTH BENEFITS

Medical

The medical plan offers comprehensive medical coverage, including prescription drugs. A wide variety of participating providers are available worldwide.

Dental

Your dental plan is designed to provide coverage for preventive care, basic services such as fillings, and major services such as crowns and bridges.

Life Insurance

We provide basic life and AD&D (accidental death and dismemberment) insurance at no cost to employees. You can supplement this coverage by purchasing additional life and AD&D insurance for yourself, spouse, and children.

Short Term & Long Term Disability

We provide income protection in the event of an approved short term disability. We also provide basic long term disability coverage in the event of an approved disability exceeding 180 days. Employees can purchase additional long term disability coverage.

TIME OFF

Paid Time Off (PTO)

Employees accrue paid time off at the rate of 80 hours in the first year of employment and increase their accrual by 40 hours per year at 1, 5, and 10 years of employment. Employees also have a limited amount of unpaid time they can use. Pro-rated PTO is also available for part-time employee.

Holidays

We offer ten paid holidays each year.

Leaves of Absence

Medical, personal, parental, family, and military leaves are available to all employees.

OTHER BENEFITS

Health Saving Account and Dependent Care Flexible Spending Account

This benefit allows employees to direct part of their pay on a pre-tax basis into accounts that can be used to pay for eligible out-of-pocket healthcare or dependent care expenses.

Other Benefits

Fitness Center, Employee Assistance Program, Years of Service Award, direct deposit, funeral pay, foodservice and high-speed internet kiosks. Each of these benefits are available to all employees.

Resources

For more detailed plan information, including benefit schedules and limitations, visit our Electronic Benefits Resource Center at www.hti.benergy4.com The username and password are case sensitive. (Username: HTI and Password: HTI).