KBW Contractor Information

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To better assist you in your experience with KBW Financial Staffing & Recruiting, we've provided you with the following benefit information, employment, and reporting documents.

 


Holiday Pay:
For current employees on assignment who have worked over 1,000 hours in the prior 52 week period, you may be eligible to earn holiday pay. This is calculated at 8 hours of your current pay rate. These hours do not count towards 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.)

 

To qualify for holiday pay, you must be on assignment and work at least 24 hours the week during the holiday and 24 hours the week prior to the holiday.

Holidays include: New Year's Day, Memorial Day, Fourth of July, Labor Day, Thanksgiving, and Christmas.

 

Medical Benefits:

A contract employee will be eligible to participate in the Medical Plan if he or she is a common law employee of BANK W Holdings, 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 his or her offer of coverage pursuant to the procedures described in our eligibility policy for Contract Employees.  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.

 

All benefits information is available to you through the below links:

  

401K Plan:
To qualify: Eligibility requirements are at least age 21 and have completed one (1) 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 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 401(k) plan.