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.

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

The dental plan through Guardian covers the following main expenses:

• Preventive and Diagnostic Services: Routine exams, x-rays, cleanings, fluoride treatments
• Basic Services: Simple fillings and root canals
• Major Services: Crowns, bridgework and dentures
• Orthodontia: Available for adults and children

Maximum Rollover Benefit: The Guardian will roll over a portion of the unused dental maximum into a personal Maximum Rollover Account, which can be used in future years if the plan’s annual maximum is reached. As an added advantage, additional money is rolled over if in-network dentists are used exclusively during the benefit period.

Partner - Guardian: Laerdal Labs offers you access to vision coverage through Guardian. The Guardian vision plan features the money-saving eye care network of VSP Choice.

Eyeconic is a VSP-owned company, and the only online retailer that allows you to shop for glasses, sunglasses, and contacts using your vision benefits. By connecting your benefits, you can see the actual cost of eyewear and contacts with your benefits applied.

Eyeconic carries a large selection of eyewear and contacts with free shipping and returns on all orders. You can receive a complimentary frame adjustment from a VSP network doctor who participates in Eyeconic. Be sure to check their prices compared to a retail eyewear shop for savings!

Partner - Merrill Lynch: To help you prepare for the future, we sponsor a 401(K) retirement plan administered by Merrill Lynch as a part of our 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 $23,000 for regular contributions and $7,500 for catch-up contributions (for those over 50)
• 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 Flexible Spending Accounts (FSAs) help you save money by allowing you to pay for qualified healthcare and dependent care expenses on a pre-tax basis. You decide how much money to put aside annually up to the IRS maximums. Once you elect in this benefit, you will not be able to make changes to your election amount unless you have a qualifying life event.

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 a 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 the 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.

Short-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 to 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
• Veteran’s 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 new fathers for a total of 6 weeks of paid leave.

Learning Dollars: Available upon successful completion of 90-day introductory period, Laerdal Labs offers each employee up to $500 in Learning Dollars each calendar year. This can be used for 50% reimbursement for courses which assist in the development of the employee, whether for physical or mental well-being.

These programs must be pre-approved by Human Resources prior to attendance and will be reimbursed upon completion of the course.

Tuition Assistance Reimbursement Program: Upon hire, employees may participate in Laerdal Labs Tuition Assistance Program, which is designed to promote continued growth and professional development. The company will reimburse 100% of the employee’s cost for pre-approved education courses, up to $5,250 per employee per calendar year.

This program must be pre-approved by Human Resources and your supervisor prior to enrollment, and the employee must complete each course with a passing grade of C or better for undergraduate programs and B or better for graduate programs..