Duo-Fast
Benefits

This is an overview of some of the benefits and programs offered to eligible ITW employees. These programs are covered by official plan documents and policies. In the event of any conflict between the contents of this site and the official documents, the official documents will govern.

Life Insurance

  • • 1 1/2 times annual salary in FREE Basic life insurance.
  • • Additional Optional life insurance up to 8 times your salary Is Available at low group rates.

Dependent Life Insurance

  • • Spouse insured for $5000, children 15 days through 23 years insured for $2000. Child birth through 14 days insured for  $100—all At company expense.
  • • additional Optional life insurance for spouse and children up to $30,000 and $15,000 respectively at low group rates.

Health Insurance

  • • Blue Cross Blue Shield Single medical coverage costs $84.44/month
  • • blue Cross Blue Shield Employee +Spouse $156.20/month
  • • blue Cross Blue Shield Employee +Child(ren) $151.98/month
  • • Blue Cross Blue Shield Family $227.98/month
  • • Two HMO plans to choose from.

Dental Insurance

  • • MetLife Single Dental coverage costs $6.14/month
  • • MetLife Employee +Spouse $12.27/month
  • • MetLife Employee +Child(ren) $12.27/month
  • • MetLife Family $16.26/month

Flexible Spending Accounts

  • • Immediate Participation.
  • • Set aside up to $5,000 on a pre-tax basis in Health Care and/or Dependent Care related expenses.

Holidays

  • • Paid holidays

Vacation

  • • Two weeks vacation after one year; three weeks after 5 years; four weeks after 13 years; five weeks after 20 years.

401k Plan

  • • Immediate Participation
  • • Upon enrollment, ITW matches $1 for of each $1 of the first 3% of pay you contribute to the Plan PLUS $.50 for every $1 you contribute on the next 3% of pay, to a maximum of 4.5% if you contribute 6% of pay. NEW Enhancement - If you are age 21 or older and have 12 months of service, you will receive an additional company contribution based on age, service, and pay.

Tuition Reimbursement

  • • 100% reimbursement with grade of “C” or better.

Short-Term Disability Insurance

  • • Free coverage for up to 6 months.

Long-Term Disability Insurance

  • • Free coverage which provides up to 60% of pay.

Survivor Income Protection Plan

  • • Free coverage which provides 50% of pay to spouse/dependents for 6 months after employee’s death.