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 three tiers of medical/vision plans, and you can get discount rates on all of our plans just by getting an annual physical.
Medical/vision plans range from a high deductible health plan (HDHP) with a health savings account (HSA) to our Plus Plan, with coverage for spouses, registered domestic partners and children available for each. Spouses, domestic partners and kids can also be covered in our two tiers of dental plans: DHMO and PPO Plus.
Under the Hardhat
Mental Health & Wellness
From regular ups and downs to major life events, everyone deals with mental health challenges. Sundt provides care and coverage for our employee-owners’ mental, in addition to physical, wellbeing with our Employee Assistance Program (EAP), provided by Lyra Health. We also provide mental health toolkits and resource guides to everyone at Sundt.
In addition, Sundt employee owners can train and be certified in mental health first aid to better identify and connect with members of their community experiencing mental health issues and provide initial help and ongoing support.
Employee-Ownership
Being 100% employee-owned is a core part of Sundt’s structure and culture. Everyone at Sundt, from the frontlines to the c-suite, becomes eligible to participate in our Employee Stock Ownership Plan (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.
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% of their annual income into their 401k, the company contributes up to 16% into your ESOP.
See the ESOP’s potential impact on average retirement savings over a 25-year span, with and without the full company contribution.
This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.