STSI provides a competitive benefits package in order to attract top talent. Benefits are available to full-time employees on the first of the month following date of hire. A summary of benefits follows. Benefits are subject to change.
Medical, Dental, and Vision Insurance
Employees share in the premium cost for medical, dental, and vision insurance. The employee portion is deducted on a pretax basis.
Employees may choose from two medical plans.
Dental insurance provides a wide array of coverage.
Vision insurance is through VSP.
Health Savings Account
If you choose to elect the HMO plan, which is a qualified high-deductible plan, you are automatically enrolled in the Health Savings Account (HSA).
You may use your HSA monies to reimburse you for qualified medical, prescription, dental and vision expenses incurred by you and your family.
STSI will contribute to your HSA account on the first day of each calendar quarter. The amount contributed is based on your coverage election.
You may also contribute on a pre-tax basis up to the maximum allowed by the IRS.
The monies in an HSA account are yours to keep even if you change jobs. There is no use it or lose it rule-all amounts roll from year-to-year. And you can accumulate an unlimited balance.
A balance in excess of $1000 can be invested. Earnings are tax free when used for qualified expenses.
A debit card makes it easy to access the money in your HSA account. You can also submit expenses for reimbursement using the plan administrator’s website.
Flexible Spending Accounts
Health Care and Dependent Care accounts are available to all employees; part-time and full-time.
These accounts allow you to set aside money on a pre-tax basis to pay for qualified out-of-pocket expenses for you and your family.
A debit card makes is easy to access the money in your Health Care and Dependent Care accounts. Expenses can be submitted for reimbursement using the plan administrator website.
Pre-Tax Parking and Transit Accounts
STSI offers employees the ability to set up pre-tax parking and transit accounts which are used for qualified work-related commuting and parking expenses. The expenses must be incurred for the purpose of commuting between the employee’s residence and regular place of employment.
You elect how much to be deducted from your paycheck on a pre-tax basis. Employees must make separate elections for transit and parking benefits. Transit and parking benefits must be kept in separate accounts with no transfer of benefits between each account.
You may make changes in your elections during the year for any reason. If you terminate employment, unused amounts are forfeited.
Basic Life and Accidental Death and Dismemberment (AD&D) Insurance
STSI pays 100% of the premium for eligible full-time employees.
All full-time employees are covered for the amount of one times salary up to a maximum of $100,000.
Benefit reductions begin at age 65.
Paid Time Off
Full-time employees accrue paid time off (PTO) on a monthly basis. The accrued PTO is to be used at the employee’s discretion for time away from work (i.e., vacation days, sick days, to care for a sick child, doctor appointments, and holidays.) STSI does not offer a paid holiday schedule-you use PTO for holiday pay.
There is no limit on the amount of PTO that can be carried over.
Any earned and unused PTO hours are paid to employees when they leave the company.
Short Term Disability Insurance
The company provides short-term disability coverage for full-time eligible employees at no cost to the employee.
Long Term Disability Insurance
The company provides long-term disability coverage for full-time employees at no cost to the employee.
Benefits continue up to age 65.
Profit Sharing / 401K Plan
Eligible employees are able to enroll at the beginning of any month.
The 401(k) plan allows eligible employees to contribute on a pre or after tax basis (Roth), including catch up contributions for those individuals age 50 and over. Annual limits are set by the IRS.
The 401(k) match and profit sharing contribution are discretionary and the amounts, if any, are determined at the end of each year.
401(k) match and profit sharing contributions are vested over a six-year period.
Eligibility requirements for employer match & profit sharing are a minimum of 1000 hours worked per year and employed with STSI on the last day of the plan year.
Training and Development Program
STSI reimburses costs for company-approved training, education courses and attending industry conferences.
STSI encourages employee’s to obtain technical certifications and will assist in covering incurred costs.
Corporate Sponsored Virginia 529 Plan
STSI offers a corporate sponsored Virginia 529 plan. 529 plans provide everyone, regardless of income, a tax-advantaged education savings vehicle that allows for substantial contributions and considerable flexibility.
You set aside money in the 529 plan with after-tax dollars, but anything it earns is tax free as long as it is used for qualifying education expenses.
Because of the corporate sponsorship, you never pay a sales commission and benefit from funds with low operating expenses.
Office: 1600 Wilson Blvd., Suite 1300, Arlington, VA 22209