MMI Team Member Handbook
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elected. All hourly team members are offered STD coverage through a third party provider. After<br />
fourteen (14) days the weekly benefit is 40% or 60% of the team member’s salary for up to six (6)<br />
months. The benefit is determined by the team member’s election at enrollment.<br />
Long‐Term Disability Benefits<br />
After 60 days of service, <strong>MMI</strong> offers all regular full‐time team members (i.e., regular full‐time team<br />
members who are regularly scheduled to work a minimum of 30 hours per week) a voluntary long‐term<br />
disability (LTD) base plan. This noncontributory base plan provides for monthly LTD benefits of 50% of<br />
basic monthly earnings to a maximum benefit of $1,000 per month, less any other offsets.<br />
401(k) Plan<br />
Saving isn’t always easy. However, it is still important if we expect to achieve some of the dreams each<br />
of us have for the years ahead. <strong>MMI</strong> offers eligible team members to participate in our company<br />
sponsored 401K retirement plan after six months of employment. Eligible team members include any<br />
regular full‐time or part‐time team members scheduled to work 20 hours or more per week and who are<br />
21 years of age or older. Benefits of the 401K retirement plan include:<br />
Pre‐tax contributions from your paycheck.<br />
Earnings grow tax free.<br />
Company discretionary match (as determined by the Board of Directors),<br />
Financial hardship withdrawals allowed,<br />
Plan loans allowed.<br />
Further details about the Plan may be obtained from the Human Resource department and the Plan<br />
document.<br />
Recognition of Service<br />
<strong>MMI</strong> values loyal and faithful service. Therefore, <strong>MMI</strong> will recognize and reward tenure in 5 year<br />
increments to team members with continuous service.<br />
• Five Years ‐ $400 Value Gift Card<br />
• Ten Years ‐ $500 Value Gift Card<br />
• Fifteen Years – Choice of gift $300 Value Gift Card<br />
• Twenty Years – Cruise for two or three dayvacation for two with airfare and hotel not to exceed<br />
$1,500.<br />
• Twenty Five Years ‐ $1,000 Gift Card<br />
• Thirty Years – Vacation for two, anywhere in the continental US and four nights lodging not to<br />
exceed $2,500 combined, and $500 in cash<br />
• Thirty Five Years ‐ $1,500 Gift Card<br />
• Forty Years – Vacation for two, including round trip airfare, five nights lodging (not to exceed<br />
$2,800 combined), and $700 in cash<br />
Complimentary Rooms<br />
<strong>MMI</strong> team members are eligible to receive complimentary accommodations at an <strong>MMI</strong> operated hotel.<br />
Stays that include more than one room reservation will be subject to a $79 per room fee for owned<br />
hotels or $99 per room fee at owned resort hotels. Stipulations include:<br />
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