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Employee Benefits Overview

Colliers Turley Martin Tucker offers a competitive benefit package, which includes dental, medical, vision, company paid life and AD&D insurance, voluntary life and AD&D insurance, supplimental benefits, short-term disability, company paid long-term disability, flexible spending account, 401K, and paid time off. Please take a moment to review the details of our benefit package.

Eligible participants must be regular full-time (40 hours/week) employees to enroll in the following Benefit Plans. New employees become eligible for these benefits the first day of the month following a 30-day waiting period from the date of employment. Short Term Disability and FMLA have a one year waiting period.

Eligible Dependents must be under the age of 25.

Direct Reimbursement Dental Plan

Employee Paid

New employees become eligible to participate in the Dental Plan the first day of the month following a 30-day waiting period from the date of employment. This plan allows you and your eligible dependents (under 19 or a full-time student up to 23) the flexibility of receiving treatment from the dentist of your choice and being directly reimbursed for the service at a predetermined reimbursement level.

Levels of Reimbursement: Benefits are based on a percentage of dollar expenditures up to a maximum dollar limit per enrolled member per plan year (May 1st – April 30th), rather than on the procedures provided. Annual maximum dental benefit per enrolled member is $1000.

Annual Expense Benefit Share Paid Benefit
*After the 70% level is paid out, each participant will have a $50.00 deductible to meet before the 50% level of reimbursement will be paid.
First $100 100% Reimbursed $100
Next $250 70% Reimbursed $175
Next $1,450 50% Reimbursed* $725

Dental Premiums

  • Employee Only: $29.00/month
  • Employee + 1 Dependent: $47.00/month
  • Employee + 2 Dependents: $67.25/month
  • Employee + Family: $93.00/month
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Medical (Anthem)

Employer and Employee Paid

New employees become eligible for medical coverage the first day of the month following a 30-day waiting period from the date of employment. Participants do not have to select a primary care physician and out-of-network services are available under this plan.

A pre-existing condition clause will be assessed to all participants for the first 12 months of coverage if a HIPAA Certificate is not submitted to Corporate HR for 12 months of credible coverage prior to your benefit effective date. Medical insurance premiums follow an 80/20 payment module (approximately 80% is paid by CTMT & 20% is paid by the employee).

  • Employee Only: $60.00
  • Employee + Children: $116.00
  • Employee + Spouse: $127.00
  • Family: $193.00

Coverage in-network carries a $250 deductible for single and $750 for family (anything above single) for services subject to a co-insurance. A 20% co-insurance (employee’s cost) will apply for services such as hospitalization, lab fees, in and out patient surgery, etc. (Please refer to the benefit summary for further details). In-network participants have a $20 co-payment for Primary Care physicians and a $40 co-payment for specialists. The in-network coinsurance has a maximum per calendar year of $2,250 for single coverage and $4,750 for family coverage.

The out-of-network service has a $1,000 deductible per person per calendar year or $3,000 per family to meet up front. Once the deductible has been met, Anthem will cover qualified medical services at 60%. The out of network coinsurance has a maximum per calendar year of $5,000 for single coverage or $11,000 for family coverage.

Prescriptions can be written by any physician, but must be filled at a participating pharmacy. There will be a co-payment of $10 for each generic drug prescription and a $35 co-payment for each brand name drug prescription. Certain drugs that are excluded from the formulary list will have a co-payment of $55. If participants purchase a brand-name drug when a generic is available, you will be responsible for the difference between the program’s allowed charges for the generic and the brand-name drug, in addition to the co-payment. A member may obtain maintenance medications through a mail order program. You may order up to a 90 day supply for the cost of two (2) times the retail co-payment. This service is available via mail only. Please refer to your Anthem Benefit Summary for detailed coverage information.

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Vision Insurance (Eye Med)

Employee Paid

New employees become eligible to participate in the Vision Plan the first day of the month following a 30-day waiting period from the date of employment. This plan allows you and your eligible dependents (25 or younger) to enroll in a quality vision program at a cost effective price. Participants receive the following benefits through this vision plan:

  • Eye exam every 12 months from an in-network provider with a $10 co-payment
  • Standard contact lens fit and follow-up exam with an additional $40 or less co-payment.
  • Standard plastic lens (single vision, bifocal, trifocal) every 12 months with a $25 co-payment
  • $120 frame allowance and 80% coverage of the balance over the $120 allowance every 24 months.

Employee Only: $4.60
Employee + Children: $9.16
Employee + Spouse: $8.68
Family: $13.44

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Term Life and AD&D Insurance (Unum Provident)

Employer Paid

Regular full-time (40 hours/week) employees will automatically be enrolled in the company paid term life and accidental death and dismemberment coverage. New employees become eligible to participate in this benefit the first day of the month following a 30-day waiting period from the date of employment. Life insurance coverage is one times the employee’s base salary up to $225,000 for term life insurance and AD&D insurance. After one full calendar year of employment, life insurance coverage will be determined by the employee’s prior year’s W2 earnings statement.

Included in this plan is the Unum's Life Balance program - an Employee Assistance Program (EAP). Under this program you can consult with a professional counselor, attorney or financial planner. This service has a broad range of applications; it includes everything from marriage difficulties to understanding the terms of a lease or purchase agreement. There is no additional charge for this service and you can receive up to three (3) free sessions per incident before you are referred to a professional in your area.

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Voluntary Group Term Life and AD&D Insurance (Unum Provident)

Employee Paid

New employees become eligible to participate in this benefit the first day of the month following a 30-day waiting period from the date of employment. Regular full-time (40 hours/week) employees have the option to elect additional Term Life and Accidental Death and Dismemberment coverage for themselves, a spouse, and/or eligible dependents. Eligible dependents must be under the age of 19 or a full time student until the age of 26. Proof of full-time student status (12 credit hours) will be required for all dependents over the age of 19. Rates for this coverage are age banded and tobacco verses non-tobacco users.

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Short-Term Disability Insurance (American United Life-Advice)

Employer Paid

Regular full-time (40 hours/week) employees become eligible for the short-term disability benefit after one year of continuous employment. Eligible employees may apply for the short-term disability benefit if they are absent from work 5 or more consecutive business days due to a physical or mental condition which substantially prevents the employee from performing his/her work duties. If approved, benefits (60% of base salary) will be paid for the approved disability period. CTMT will review all STD claims to determine if there is a medical reason for the disability. Medical Leave must run concurrently with any leave taken under the Family Medical Leave Act.

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Long-Term Disability Insurance (American United Life-Advice)

Employer Paid

Long-term disability insurance is provided without cost to the employee. Coverage is effective on the first day of the month following a 30-day waiting period from the date of employment. Long-term Disability insurance provides a partial salary continuation if you are permanently disabled. It covers long-term disabilities, not ordinary illness or temporarily disabling injuries. If approved, payment commences 90 days after the disabling illness or injury first occurs.

LTD coverage begins after 3 months of disability and covers 60% of your covered earnings up to a maximum payment of $5,000 monthly. Covered earnings will be determined by each employee’s base salary during the first year of employment. After one full calendar year of employment, covered earnings will be determined by the employee’s prior year’s W2 earnings statement. These benefits will be paid until normal Social Security Retirement Age as long as you are considered disabled (each claim will be reviewed by American United Life before payment).

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Supplemental Insurance (Unum Provident)

Employee Paid

Accident Insurance — This benefit is designed to help pay for out-of-pocket costs (wide range of injuries and accident-related expenses) that may not be covered by traditional health insurance.

Specified Critical Illness Insurance — valuable, flexible coverage for a variety of serious illnesses. You choose benefit amounts from $5,000 to $50,000 in $1,000 increments payable based on the date of diagnosis.

Interest Sensitive Whole Life Insurance — can be used to help you meet long-term financial goals. It can build cash value on a tax-deferred basis that you can borrow or withdraw from as necessary. Premiums are guaranteed to remain the same as long as the payments are paid.

Coverage is voluntary, so you decide whether or not to purchase the insurance. If you do, the premiums will be deducted from your paycheck or commissions. You are the owner of the policy, so you may take the coverage with you if you leave Colliers Turley Martin Tucker.

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Flexible Spending Account (ADP)

Employer Paid

New employees become eligible to participate in this benefit the first day of the month following a 30-day waiting period from the date of employment. By taking advantage of the FSA benefit, employees can increase their take-home pay, reduce taxes, and pay for health care and dependent care expenses with pre-tax dollars contributions.

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401k (American Funds)

New employees are eligible to enroll in the 401(k) plan after 30 days employment following to the first of the month. CTMT will contribute a maximum of $2,500 for the first $5,000 of the employee’s contribution per year. After six (6) years of participation in the plan, the employee is fully vested. The service provider for the 401(k) plan will be American Funds. The trustee for the plan will be Capital Bank & Trust Company.

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Paid Time Off

CTMT employees receive Paid Time Off (PTO) to cover vacations, sick days, illnesses in the family, personal emergencies, and other personal needs such as physicians’ and dentists’ appointments, etc. Colliers Turley Martin Tucker’s prefers all PTO be scheduled in four hour or eight hour increments, but understands certain emergencies will occur. During an employees first calendar year of employment their paid time off will be pro-rated based on their date of hire.

Paid time off is allowed on the following basis (the number of days noted is allowed the calendar year following completion of the specified years of service):

  • One year through five years – 16 days (Year one = pending employment begins on January 1st)
  • After five years through ten years – 21 days
  • After ten years – 26 days

PTO time cannot be carried over from one calendar year to the next.

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