Working with The Nagler Group has its perks. Eligible employees have access to holiday pay, medical benefits and a 401k plan. To make it easier for you to access everything you’ll need as a Nagler Group contractor, we’ve compiled all benefits information you’ll need here.

Benefits:

Holiday Pay
You may be eligible to earn holiday pay if you are a current employee on assignment and have worked over 1,000 hours in the prior 52-week period. This is calculated at 8 hours of your current pay rate. These hours do not count toward your weekly overtime total (e.g. 35 hours of regular time and 8 hours of holiday pay will equate to 43 hours of regular pay; not 40 hours of regular time and 3 hours of overtime.)

Holidays include: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.

Medical Benefits

A contract employee will be eligible to participate in the Medical Plan if he or she is a common law employee of BANKW Staffing, LLC (the “Company”), KBW Financial Staffing & Recruiting, Alexander Technology Group, The Nagler Group and /or Sales Search Partners (together with the Company, the Companies”) and is considered to be “full-time”. We consider a contract employee to be full-time if he or she is regularly scheduled to work at least 30 hours of service per week for one or more of the Companies, determined on a monthly basis. If a contract employee is “full-time,” he or she will be eligible to participate in the Medical Plan on the 90th day following the first day of his or her full-time employment, so long as he or she is still a full-time employee at that time and has accepted the offer of coverage by returning the benefit election form within 30 days of the initial start date within the plan year.  If a contract employee is not full-time he or she will be ineligible to participate in the Medical Plan. Annual Open Enrollment period is November. Plan year is December 1st – November 30th.  Please review procedures described in our eligibility policy for contract employees or contact HR@bankwstaffing.com for more details.

Detailed Medical Benefit information and instructions on how to elect coverage is available to you through the below links:

401k Plan
To qualify for the 401k plan, you must be at least age 21, have completed one year of service, and accumulated over 1,000 hours of employment within that year. However, you will actually enter the plan once you reach the next entry date, which are currently in January and July (please see Summary Plan Description for details).

The program is payable through weekly payroll deductions on a pre-tax basis:

  • The company matches 100% of the first 3% of your pre-tax compensations invested and 50% of the next 2% invested for a total of 4%. This is a Safe Harbor Match and is 100% vested.
  • You may invest 1-30% of your pre-tax compensation not to exceed the maximum allowed by the IRS.
  • You may change your salary deferral percentage at any time.
  • Our plan allows for rollovers from another qualified 401k plan.