Benefits

Our benefits program is among the best in the industry. A recent benchmarking study by Willis Towers Watson ranked Sundt No. 1 for our skilled craft benefits program, with an overall value 73 percent higher than industry average.

For administrative employee-owners, the survey found that Sundt ranks No. 2, with a benefits value 34 percent higher than average. Learn more below about our thoughtfully structured benefits, designed to reward, respect and support the people who create our shared success.

Medical, Dental, Vision & Life Insurance

All employees are eligible for medical, prescription, vision, and basic employee life insurance coverage. To provide employees with coverage that meets their needs, we offer four tiers of medical/vision plans, and lower-cost premiums are based on personal health goals—factors that help us maintain value for our employee-owners.

Medical/vision plans range from a high deductible health plan (HDHP) with a health savings account (HSA) to our Premium Plan, with coverage for spouses, registered domestic partners and children available for each. Spouses, domestic partners and kids can also be covered in our three tiers of dental plans: DHMO, PPO and PPO Plus.

Additional Health & Family Care

Other benefits available for health and care include:
  • Three options for a flexible spending account (FSA), which allow you to save pre-tax dollars for a range of health and care needs, including expenses for dependent daycare
  • Accidental injury and critical illness coverage
  • Supplemental life insurance for employee-owners, spouses or registered domestic partners and children

401(k) Retirement Savings & Match

Retirement readiness is an important part of overall financial wellness, and Sundt’s 401(k) is one of the best ways for employee-owners to save for retirement.

Employee-owners become eligible to participate in our 401(k) plan after completing six months of service. New employees can rollover all or part of a distribution from a separate, eligible retirement plan at any time.

When employee-owners contribute at least 5% into their 401k, the company contributes up to 14% into your ESOP.

See what the ESOP means to our employee-owners.

OTHER BENEFITS

Employee Ownership

As a 100 percent employee-owned company, our profits are shared by the people doing the work, our employee-owners, through our Employee Stock Ownership Plan (ESOP). Sundt’s ESOP was established in 1972 and today ranks us No. 68 on the National Center for Employee Ownership’s list of the largest majority employee-owned companies.

Sundt employees – administrative and craft – become eligible to participate in our ESOP after 12 months and 1,000 hours of service (per plan rules), sharing in company profits from that point forward.

Sundt also shares a portion of its net income each year with employees in the form of a stock dividend. When the company performs well, so do its employee-owners. It’s a simple model that creates a rewarding work environment and a passionate, innovative company culture.

Employee-ownership is core to who we are. When we all think and act like owners, great things happen. It’s fundamental to our success, it distinguishes us from other employers and it can create a path to a rewarding, secure retirement.

 

Paid Time Off

Sundt understands the need for work-life balance. To give employee-owners time for leisure, illness and other personal needs, Sundt provides paid time off to all employee-owners.

Tuition Reimbursement

Our mission is to be the most skilled builder in America, which requires leading-edge knowledge in everything from estimating and modeling to management, communication and craft.

We believe in building knowledge not only through experience but also formal education, which is why all Sundt employee-owners are eligible for tuition reimbursement after 12 months of continuous employment.

Voluntary Benefits: Discounts

Sundt employee-owners may choose to participate in additional benefit programs, including:

  • Discounts through Verizon Wireless
  • Discounts on IT products through the Insight Employee Purchase Program
  • Discount on qualifying Microsoft Office software for use on personal devices