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SCP offers a competitive benefits program including major medical insurance, long term disability, 401(k) profit sharing plan, employee stock purchase plan and tuition reimbursement. In addition to traditional insurance coverage, we now offer day-one access to limited health and dental insurance for part-time, seasonal and new employees who don’t yet qualify for SCP group insurance coverage. Our benefit plans are continually reviewed and regularly enhanced to respond to our employees’ needs and concerns.
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Insurance
SCP offers medical, dental, vision and life insurance benefits for all regular, full-time
employees and their dependents. The company also provides accidental death and disability, salary continuation and long-term disability insurance to eligible employees at no cost.
401(k) Plan
We offer a 401(k) savings and retirement plan, which provides benefits for substantially
all employees who meet minimum age and length of service requirements. Eligible employees
are able to contribute up to 75 percent of their compensation, subject to the federal dollar limit.
For plan participants, we contribute a total match on employee contributions of up to 4
percent of their compensation, with a 100 percent match on the first 3 percent of compensation deferred and a 50 percent match on deferrals between 3 percent and 5 percent of compensation.
Effective March 1, 2005, we adopted the POOLCORP Deferred Compensation Plan, a non-qualified
deferred compensation plan. The plan allows certain employees who occupy key management positions to defer salary and bonus amounts, and provides a matching contribution
similar to that provided under our 401(k) plan to the extent that a participant’s contributions to the
401(k) plan are limited by IRS non-discrimination limitations. The total company matching
contribution provided to a participant under the 401(k) plan and the POOLCORP
Deferred Compensation Plan combined for any one year may not exceed 4 percent of a
participant’s salary and bonus.
Employee Stock Purchase Plan
The Pool Corporation Employee Stock Purchase Plan provides an opportunity to
invest in
the common stock of POOLCORP through automatic payroll
deductions at a
15 percent discount.
Incentive Plans
SCP provides competitive incentive plans to eligible employees.
Holidays
Our company recognizes:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day (2 days)
- Christmas Day (2 days)
Paid Time Off
The company grants paid time off (PTO) to regular full-time and part-time employees
after completion of one year of uninterrupted service:
- Less Than Five Years: 13 Work Days
- Five Years, But Less Than Ten Years: 18 Work Days
- Ten Years and Over: 23 Work Days
Relocation Benefits
In accordance with SCP’s relocation policy, certain transferees and new hires
may be eligible for relocation assistance, should the company determine there
is a compelling business interest to relocate an employee.
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