Our employees are the key to our success. For the protection and well-being of our employees, we provide a range of comprehensive benefits as well as competitive salaries. Upon active regular employment with NEC, employees are immediately eligible to participate in our Health and Welfare Insurance, Disability, Flexible Spending Accounts and Retirement programs.

NEC USA offers a competitive compensation program to all employees. All exempt positions Company-wide are also eligible to participate in a Performance Bonus Plan.

NEC USA, Inc. medical coverage provides financial protection for our employees and their eligible dependents in meeting expenses for covered treatment and care.

We offer most employees across the country coverage through the Preferred Provider Organization, a form of managed medical care. The PPO Plans provide access to comprehensive, cost-effective medical care and preserves the choice for our employees to go to any physician of their choice. NEC pays the majority of the cost of coverage for employees and their dependents.
Our medical insurance also provides extensive in-and out-of-network mental health benefits.

Our Medical Insurance plans have generous prescription drug benefits.

Our dental coverage assists our employees in meeting the cost of prevention and treatment. Again, NEC pays the majority of the cost of coverage for our employees and their dependents.

All employees eligible for medical coverage and their eligible dependents are covered by the vision care program, fully paid for by NEC.

NEC provides fully-paid life insurance in the amount of two times the annual base salary, and accidental death & dismemberment insurance for specific injuries or loss of life.

We provide a generous Salary Continuance Program to employees who cannot work due to an illness or disability which qualifies for Short Term Disability or Workers' Compensation.

Our Long-Term Disability Program allows employees to participate on a voluntary basis through payroll deductions. This coverage provides monthly income protection beginning on the 181st day of disability.

All employees eligible for medical coverage and their eligible dependents are covered by NEC’s Employee Assistance Program (EAP). The EAP can provide help for stress, anxiety, depression, or conflict, and is designed to help individuals through issues before they escalate into bigger problems.

The Health Care FSA is a tax-free way for employees to pay for predictable health, dental, vision, and hearing expenses not covered by other NEC Benefit Plans or their spouse’s benefit plans.

The Dependent Care FSA is a tax-free way for employees to pay for predictable dependent care expenses.

Through our Adoption Assistance Program, employees can be reimbursed for eligible adoption expenses incurred during the adoption process.

The NEC Savings & Retirement Plan offers participants numerous funds in which they may invest their money. Employees may contribute from 1 to 80% of their pay before taxes, and NEC will match one-half of the first 5% contributed. Additionally, after the first year of service, NEC will contribute 5% of employees pay each year to the plan regardless of whether or not the employees contribute. Employees may also contribute 1 to 10% of their pay after taxes.

The number of vacation days accrued is based on length of service. Additionally, NEC provides company paid holidays each year.

NEC provides sick/personal time to be used for employee illness or personal emergencies.

NEC will reimburse the cost of tuition, fees, and books to the maximum allowed for up to two approved courses per semester. The reimbursement percent depends on the grade received.

Most facilities also observe:

• Business Casual Attire
• Employees in most facilities enjoy leaving their business suits at home and wearing appropriate business casual clothes to work.
• Flexible Hours

Our employees enjoy participating in Company-sponsored picnics, holiday parties, sports outings and teams and other fun, social activities.

1 This section is a summary of principal features in our benefit program and is not intended as a binding statement of plan content. If a variance exists between this summary and Plan Documents, Insurance contracts, or Policies, those documents are the official statements of benefits and rights. NEC has the right to increase or decrease the amount (if any) eligible employees contribute. NEC also reserves the right to modify, amend, revoke, or terminate any plan, in whole or in part, at any time. The authority to make such changes to a plan rests with the Board of Directors of NEC. Any such modification, amendment, revocation or termination of a plan shall be made in written resolution adopted by the Board of Directors.