Benefits
Kraft Foods is proud to offer a comprehensive, competitive employee benefit program that helps employees live better and live well -- physically, financially and personally. our program provides a solid foundation of protection and opportunity and offers a broad array of plans, tools and resources that allow employees to select benefits that best meet their needs and the needs of their families.
Here's a brief overview of the benefits available to full-time employees in salaried positions:
Medical Insurance Plans - Kraft offers medical insurance plan options that help protect employees and their families against major medical expenses. All plans include valuable preventive care coverage, as well as prescription drug, mental health and substance abuse and vision care programs.
Dental Insurance Plan - Kraft offers two dental plan options. Both include 100% coverage for routine care as well as coverage for minor and major restorative care. One option covers orthodontia and TMJ services.
Heath Care Flexible Spending Account (FSA) - The Health Care FSA enables employees to set aside before-tax dollars to pay for eligible healthcare expenses. An employee can contribute up to $5,000 a year. Reimbursements are tax-free.
Life Insurance - We provide basic life insurance at no cost to employees. We also offer optional, employee-paid group universal life insurance and personal accident insurance.
Disability Plans - Kraft offers a disability plan that helps protect employees’ income while recovering from short-term illnesses or injuries. Employees may also elect one of two optional, employee-paid long-term disability plans for additional income protection.
Business Travel Plan - Kraft provides travel insurance for employees traveling on Kraft business.
Retirement Plan – Kraft’s retirement plan is fully paid for by the Company and provides 100% vesting in the pension benefit after five years of service. At retirement, eligible employees receive a benefit based on a percentage of their final average pay and years of service.
Thrift Plan - Kraft offers a 401(k) savings plan to which salaried and most non-union hourly employees can contribute up to 16% of pay. After one year of service, Kraft matches 75 cents per dollar on the first 6% of pay saved. The plan offers a wide array of investment options and an on-line tool for investment advice. Employees may enroll upon date of hire and save on a before-tax or after-tax basis, or a combination of both. New employees can immediately roll over funds from previous employers' 401(k) plans.
Altria Group, Inc. Stock Purchase Plan - Employees can purchase Altria Group, Inc. common stock through payroll deductions without brokerage fees or service charges.
Employee Assistance Program - This program is designed to provide confidential professional assistance to employees and their eligible dependents in dealing with personal problems that may influence health, well-being or work effectiveness.
Resource and Referral Program - Kraft provides a wide range of work-life resources at no cost to employees. These include tips on nutrition and exercise, educational resources, child care referrals, elder care referrals, adoption assistance, parenting resources, and many other tools to help employees manage their work and personal life.
Dependent Care Flexible Spending Account (FSA) - The Dependent Care FSA helps employees set aside before-tax dollars to pay for eligible dependent care expenses such as child care and care for an incapacitated adult dependent. Employees can contribute up to $5,000 a year. Reimbursements are tax-free.
Vacations and Holidays - Kraft offers competitive vacation and holiday schedules. Specific schedules vary, depending on the local practices at each of our locations. Salaried employees may also purchase additional vacation days during each year’s annual benefit enrollment.
Educational Assistance - Most Kraft business units provide reimbursement (up to an annual maximum of $10,000) to employees who complete educational studies at accredited colleges and universities approved under the program's eligibility guidelines.
Group Auto and Home Insurance Program - Eligible employees may insure their cars, homes and other personal property through the convenience of payroll deduction and competitive group rates.
Group Legal Services - We offer an employee-paid legal services program for assistance with real estate matters, wills, document preparation, and other legal needs.
Long-Term Care Insurance - Kraft offers employees the option to purchase insurance to cover the costs of custodial care for themselves and their eligible spouses or their parents and parents-in-law.
