Employee Benefits

 Health Insurance - After 3 months as full time employee (upon hire for salaried employees)

MTI provides health insurance for employees.  Employees may choose individual or family coverage.  MTI pays approximately 2/3 of the premium.  The employee portion is taken as a payroll deduction.

Retirement Plan - At the start of 1st calendar quarter following hire date as a full time employee

MTI offers eligible employees a 401 K Plan.  MTI makes a matching contribution based on MTI profitability the preceding year (currently the match is $.30 per dollar).

Personal Leave – After 3 months as full-time employee

MTI provides personal leave for vacation, holidays, and illness.  Rates of accrual increase with length of service.

Cafeteria Plan - After 3 months as full-time employee

MTI’s Cafeteria Plan gives employees the opportunity pay health insurance, out of pocket medical expenses, and dependent child care expenses with before-tax income.

Life Insurance - After 3 months as full time employee

MTI provides $20,000 term life for the employee and $2,000 term life for the employee’s spouse and dependants. The entire premium is paid by MTI.

Worker’s Compensation Insurance - Upon hire as part/full-time employee

MTI provides worker’s compensation insurance for all employees at no cost to the employees.

Jury or Witness Duty After 1 year as full-time employee

MTI will excuse with pay employees who are summoned and report for Jury or Witness Duty at their regular straight time pay (excluding any shift differential) in exchange for their jury pay or witness fee.

Bereavement - After 1 year as full-time employee

MTI excuses the employee with pay for the date of the funeral in the case of death of an extended family member; from the time of notification until the date of the funeral in the event of the death of an immediate family member; and for an additional 5 days for the death of a spouse.

Equipment Loans - Upon hire as full-time employee

MTI provides no interest loans to full time employees for procurement of required tools.