MGMA Employment Benefits
When you work for MGMA, your benefits are an important piece of the overall compensation package and are designed to support your needs.
Employees are eligible to participate in our 401(k) plan with MassMutual Retirement Services the 1st of the month following date of employment. They can choose from among 19 funds and defer up to the IRS maximum on a pre-tax basis. After six months of service, MGMA matches up to 4%. With eligibility, employees are 100% vested in both employee and employer contributions.
Alternative Work Schedules
In addition to a 37.5 hour work week, employees may be eligible for two alternative “compressed” work schedules after only 6 months on the job. The 4/5 and 9/10 schedules afford the employee the opportunity to work longer hours for 4 or 9 days, respectively, and take the 5th or 10th day off. (See telework section below.)
Defined Contribution Plan
In addition to the 401(k) plan, employees are eligible to participate in the defined contribution plan after completing one year of service and 1,000 hours. This plan has a graduated vesting schedule of 25% per year with full vesting after completing the fourth year with MGMA. Our goal is to make an annual contribution for every eligible employee.
Our Center includes treadmills, ellipticals, a bike, and free weights.
Flexible Spending Accounts
Employees may set aside up to $2,500 per year on a pre-tax basis for unreimbursed health care expenses (medical, dental & vision) and $5,000 for dependent care and adoption assistance. In addition, health and dental insurance premiums are set up as pre-tax deductions.
MGMA is an FMLA eligible employer. Please read this document for more information.
Health, Dental and Vision Insurance
Full coverage begins on the first of the month following 30 days of employment. Coverage is provided by UnitedHealthcare, Delta Dental of Colorado and VSP.
From the first day, employees are granted insurance equivalent to two times their annual base salary, with a maximum benefit of $500,000. Employees also may purchase supplemental life insurance for themselves and their dependents.
Once eligible, this coverage provides 60 percent of salary subject to a $13,000 monthly maximum benefit if the employee is determined to be disabled.
Employees receive 44% savings on select items.
Five hours is accrued each month and can be carried over each year up to a maximum of 60 days.
Teleworking is available to all management and designated exempt employees whose positions are conducive to telework arrangements.
After one year of service, the Association will reimburse up to a certain dollar amount each fiscal year.
All employees start with three weeks of paid vacation each year and currently enjoy 11 paid holidays.
Our program includes an on-site health fair and a variety of wellness activities. Participants in our wellness program are eligible for incentive prizes during the year.
Wireless Service Discounts
- AT&T: 25% off wireless services on qualified plans
- Sprint: 23% off wireless service on qualified plan
- Verizon: 22% off monthly access fees; 25% off accessories
This summary of benefits is subject to change. The provider's documentation shall apply in the case of any differences with the information provided above.