Benefits Overview

Partner - CareFirst: Providing comprehensive and quality medical coverage at a reasonable cost is a challenge for all employers. We meet this challenge by providing our team members with two plan options from CareFirst that include prescription drug coverage - a high deductible plan (HDHP) and PPO plan.

Preventive care is covered in-network at 100% (no deductible or copay) for those services that are generally linked to designated routine wellness exams and screenings. Examples of preventive care services include:

• Annual routine physicals, immunizations (subject to age frequency / limitations)
  
  
• Cholesterol screening
  
  
• Mammograms, pap smears, pelvic exams
  
  
• PSA (Prostate Specific Antigen) exams

Partner - CareFirst: Dental coverage is a key component of your overall health and wellness. Laerdal Labs offers you access to a dental plan through CareFirst.

The dental plan through CareFirst covers the following main expenses:

• Preventive and Diagnostic Services: Routine exams, x-rays, cleanings, fluoride treatments, etc.
  
  
• Basic Services: Fillings, simple extractions, periodontal scaling, endodontics
  
  
• Major Services: Crowns, bridgework, and dentures
  
  
• Orthodontia: Available for adults and children

Partner - CareFirst: Laerdal Labs offers you access to vision coverage through CareFirst. The CareFirst vision plan features the money-saving eye care network, BlueVision Plus. Register at carefirst.com to find a participating provider.

Davis Vision: Access to in-network retail partners allows you to shop for glasses, sunglasses, and contacts using your vision benefits. By connecting your benefits, you’ll see the actual cost of eyewear and contacts with your benefits applied. Popular in-network online retailers include Warby Parker, Glasses.com, and Befitting Eyeglasses!

Davis Vision’s mail order contact lens replacement services can be accessed at davisvisioncontacts.com.

Partner - Merrill Lynch: To help you prepare for the future, Laerdal Labs sponsors a 401(k) retirement plan administered by Merrill Lynch as a part of its benefits package. Employees who are at least 18 years of age become eligible to participate in the plan upon their date of hire.

401(k) Key Features:

• You can defer up to an annual maximum of the lesser of 50% of your eligible compensation or the annual IRS deferral limit of $24,500 for regular contributions and $8,000 for catch-up contributions (for those over 50) (Projected limits for 2026)
  
  
• New employees are eligible to enroll on the first of the month following their date of hire
  
  
• Laerdal Labs will match dollar for dollar up to 5% of your base salary
  
  
• Employer contributions are vested immediately at 100%
  
  
• Employees can change contributions at any time throughout the year by logging in to their Merrill Lynch account
  
  
• Loan feature allowing participants to borrow up to 50% of their savings.

The Commuter plans are provided to allow employees the ability to set aside pre-tax dollars to pay for out-of-pocket expenses associated with parking and transit costs to and from work. You decide how much money to put aside up to the monthly IRS maximums, and you have the ability to made changes to your election amounts as your commuting needs change.

2025/2026 Transit Account Maximum Election:……………………………...$325/$340 max per month 2025/2026 Parking Account Maximum Election:……………………………..$325/$340 max per month

Laerdal Labs matches contributions up to $62.50 per month. The Transit and Parking Accounts are not pre-funded accounts; reimbursement is eligible up to the amount contributed.

How It Works
With a Commuter Reimbursement Account (CRA), you can elect to have a specified amount of funds deducted from your gross earnings each pay period. These pre-tax dollars are set aside in a CRA to be reimbursed when a qualified expense is incurred. To be reimbursed, funds must have already been contributed to the CRA when the expense was incurred. Excess balances will be carried over to the following month; however, you can only spend up to the IRS monthly limit in any given month.

Eligible Expenses

• Parking Expenses (mass transit parking, commuter parking lot, carpool lot)
• Transit Pass Expenses (pass, token, fare card, voucher, etc.)
• Commuter Highway Vehicle Expenses (Vanpool) Ineligible Expenses
• Tunnel, bridge or highway tolls (EZ pass)
• Fuel, mileage, or other costs incurred to operate a personal vehicle or taxi
• Non-work related transportation or parking expenses
• Expenses incurred in traveling from your office to business or client meetings
• Transit or parking expenses incurred by your spouse and dependents

Ineligible Expenses

• Tunnel, bridge or highway tolls (EZ pass)
• Fuel, mileage, or other costs incurred to operate a personal vehicle or taxi
• Non-work related transportation or parking expenses
• Expenses incurred in traveling from your office to business or client meetings
• Transit or parking expenses incurred by your spouse and dependents

Partner - Guardian: Laerdal Labs offers you life and disability coverage through Guardian. Life and Accidental Death & Dismemberment Insurance can financially protect your family if they rely on your income to make ends meet or if your income helps your family maintain their standard of living.

Basic Life & AD&D Insurance: Laerdal Labs provides you with basic life insurance and accidental death and dismemberment (AD&D) coverage administered by Guardian with a benefit of one times your annual salary up to a maximum of $50,000. The AD&D benefit matches your life amount. Refer to your benefit summary for the benefit reduction schedule.

Short-Term Disability: Laerdal Labs provides a short-term disability plan that pays up to 60% of your weekly covered earnings to a maximum benefit of $2,500 per week. The benefits for accident or illness begin on the 15th consecutive day of disability. Benefits continue for up to 11 weeks.

Long-Term Disability: Laerdal Labs provides a long-term disability plan that pays 50% of your monthly covered earnings, up to a maximum benefit of $12,000 per month. Benefits begin after 90 consecutive days of disability. Benefits may continue through Social Security Normal Retirement Age (SSNRA) or a schedule depending on your age at the time you’re disabled. The cost of the long-term disability benefit will be added to your salary and the premiums paid on a post-tax basis. This allows for the disability payment to be a tax-free payment.

Paid holidays are available the day you start. We observe 13 paid holidays and offer 1 volunteer day per calendar year. The number of paid holidays per calendar year may change based on employer discretion.

Customer support and technical help desk may be open with a limited staff on some of the non-major holidays. The office is closed and employees receive paid time off during Laerdal Labs' holiday break (from Christmas Eve through New Year’s Day). This applies to the following holidays:

• Martin Luther King, Jr.’s Birthday
  
  
• Presidents’ Day
  
  
• Memorial Day
  
  
• Juneteenth Day
  
  
• Independence Day
  
  
• Labor Day
  
  
• Indigenous Peoples’ Day
  
  
• Veterans Day
  
  
• Thanksgiving
  
  
• Day after Thanksgiving
  
  

Available on the first day of employment, Laerdal Labs will pay 100% of the employee’s salary for new mothers for a total of 12 weeks paid leave. Also, Laerdal Labs, in conjunction with DC universal paid leave benefits, will pay 100% of the employee’s salary for both new mothers and fathers, for a total of 6 weeks of paid leave.

Mental Health Day: We support and understand the importance of mental health. Therefore, full-time employees are eligible for 1 Mental Health Day per year to help with recharging and rejuvenating their mental health.

Volunteer Day: After the completion of 90-day introductory period, all full-time employees can volunteer up to 8 hours per calendar year with a 501©(3) nonprofit or its U.S. equivalent in accordance with Laerdal Labs giving and volunteering guidelines.