Summary

The following is merely an overview of the Company's benefits package. It does not contain all relevant information. Please refer to your individual employment agreement

for specific information or contact Michael Raymer to obtain additional details.

Unemployment Insurance

Employees rendered unemployed through no fault of their own or due to circumstances described by law, receive unemployment insurance. State agencies administer this

insurance and determine benefit eligibility, amount (if any), and duration.

Workers' Compensation

Workers' Compensation laws compensate for accidental injuries, death and occupational disabilities suffered in the course of employment. North Harbor Wealth

Management provides Workers' Compensation Insurance for all employees. Generally, this includes lost wages, disability payments and hospital, medical and surgical

expenses (paid directly to hospital/physician) and assistance in injured employees in returning to suitable employment.

Social Security Benefits (FICA)

Both employees and the Company contribute funds to the federal Social Security Program, which provides retirees with benefit payments and medical coverage.

Additional Benefits

The Company may also provide the following benefits:

  • Retirement Plan - 401K plan w/ Employer Match (W2 employees only are eligible for the employer match, 1099 employees are not eligible.)

  • Paid Time Off

  • Business Driven Holidays - 11 paid days annually based on NYSE closures

  • Sick Time Off - 5 days paid time off annually

  • Phantom Equity Plan

  • Staff Financial Planning - Each staff person in a non-advisor role is entitled to a Comprehensive Financial plan for each staff person with the advisor of their

    choosing. The practice will cover the $1,250 planning fee annually.

  • Aflac plans - Accident, disability, life insurance, etc.

  • Incentive Compensation Plan - Every member of the team is eligible to receive a bonus if metrics are hit as outlined in your compensation plan

  • QSEHRA - This plan allows you to have the flexibility and choice when deciding on personal health coverage. Currently (2023) the IRS limit on QSEHRA plans is $5,850

    per year. The QSEHRA is a bit more complex than this bullet point so we have provided an additional page dedicated to QSEHRA resources, “Health Benefits Info”.