BarnesWORX Employee Benefits

BarnesWORX employees who are regularly scheduled to work on average thirty (30) hours per week are eligible to participate in the programs outlined.  We encourage you review the programs and benefits provided below for a better understanding of the plans and programs available to BarnesWORX employees.

Medical¹: Barnes offers you a medical plan (HSA Value Plan only) that is designed to help you and your family maintain good health and protection from the financial burden of a serious illness or injury.  Enrollment in our Medical Plan includes access to the following features:

• In-network preventive care services covered at 100%

• A dollar-for-dollar employer match on your Health Savings Account Contributions

  • Single Coverage: Up to $500 Company HSA match (annual)

  • Family Coverage: Up to $1,000 Company HSA match (annual)

• Extensive Prescription drug coverage through CVS/Caremark

• Comprehensive Care Coordination and Health Advocacy Services through MyQHealth

• Access to Telemedicine Services through Teladoc for 24/7 Virtual Physician Care

• Diabetes Management support and monitoring in partnership with Livongo

^{1  BarnesWORX  employees are eligible for employer subsided, employee-only coverage but can elect spouse and/or dependent coverage at full premium cost.}

Barnes offers the choice of two dental plans each designed to help you and your family protect your teeth and smile with routine dental care.  Both dental plans offer coverage for basic preventive and comprehensive services such as fillings and oral surgery. Please review the Dental Plan Summaries linked below for additional information and plan features:

• Dental Plan Summaries

^{1  BarnesWORX  employees are eligible for employer subsided, employee-only coverage but can elect spouse and/or dependent coverage at full premium cost.}

We offer two vision benefit options to choose from through Vision Service Plan (VSP). Our vision care plans are the perfect complement to supplement your medical plan coverage and offer enhanced savings for eyewear and eye care when you see a VSP network doctor. Please review the Vision Plan Summaries linked below for additional information and plan features:

• Advantage Vision Plan

• Value Vision Plan

Flexible Spending Accounts (FSAs) offer you the opportunity to set aside pre-tax dollars for eligible healthcare or dependent childcare expenses you may incur during the calendar year.  We offer two FSA plans you may enroll in:

• Healthcare Spending Account (you may contribute an amount between $300 - $3,050 annually)

• Dependent Care Spending Account (you may contribute an amount between $300 - $5,000 annually)

Our goal is to empower our employees and their families to achieve their best health and wellbeing. At Barnes, we offer a variety of confidential work/life and total wellbeing programs designed to support you and your family.

For more information on any of these programs, please visit the Total Wellbeing section of our site.

Barnes retirement programs can help you meet your retirement goals in two ways:

• By providing a base of financial security through the company’s various retirement programs and the contributions that the company makes on your behalf, and

• By making it possible for you to save additional amounts on a tax-advantaged basis through the Company’s 401(k) Retirement Savings Plan.

Company 401(k) with Employer Matching Contribution

Participating in a 401(k) savings plan is one of the best ways to help you build a solid financial future and retirement.  You can enroll in the Company’s Retirement Savings Plan which provides the following key elements:

• Company match of 50¢ for every dollar you contribute up to 6% of your eligible pay.

• Save between 1% and 75% of your pay, up to annual IRS maximums.

• Choose to save or increase your deferral with before- and after-tax dollars.

• You can manage your investment strategies over time with a broad spectrum of investment fund options.

Defined Contribution Plan:

In addition to the Company's 401(k) plan, BarnesWORX Employees will also be eligible to receive additional Company-funded retirement contributions under the following non-contributory plan (subject to applicable eligibility and vesting requirements): 

• 4% Defined Contribution Plan - Barnes will contribute an amount equal to 4% of the employee's eligible compensation plan each year to those who meet the plan's eligibility.  For more information about the Defined Contribution Plan and Vesting Schedule, please visit our Defined Contribution page.

Barnes offers several voluntary programs to provide you and your family with income protection in the event of an accident, hospitalization, critical illness/diagnosis or even for everyday occurrences such as legal or identity theft. 

Hospital Indemnity

Hospital Indemnity coverage, through Aetna, can complement your health insurance providing a cash benefit in the event of an unexpected hospital stay for a covered illness and/or injury. You and your covered dependents are paid a set benefit amount, depending on your plan and the length of your stay. And you can use the payment in any way you choose – from medical expenses like deductibles and coinsurance to everyday costs, like housekeeping and childcare.

Accident Insurance

An Accident Insurance Plan, through Aetna, can pay lump-sum benefits based on an injury you receive and the treatment you need, such as X-rays, emergency room care, ambulance services and related surgery. The benefit can help offset the out-of-pocket expenses that medical insurance does not pay, including deductibles and copays.

Critical Illness Insurance

Critical Illness Insurance, through Aetna, helps provide additional financial protection in the event of a covered critical illness¹ or diagnosis.  You may choose a policy benefit in $10,000, $20,000 or $30,000 increments. 

^{1. Please refer to the policy for complete definitions of covered critical illnesses}

ID Theft Protection

ID Theft Insurance, with Allstate, helps to detect identity theft and minimize damages to your personal assets by actively monitoring and notifying you of suspicious activity. Additionally, coverage under this policy also includes complete credit monitoring.

Pre-paid Legal Insurance

Our Pre-Paid Legal Insurance, with MetLife, offers employees support for a number of issues, including house and real estate, estate planning, family law, auto accidents, and more. MetLife gives you easy and low-cost access to a wide variety of personal legal services without deductibles, copays and usage limits when you use a network plan attorney. 

For more information on these programs, please click on the links provided or visit the Financial Protection section of our site.