Medical Insurance

The Milwaukee Tool Medical Plan offers three Plan options with different annual deductibles—Single deductibles are $500, $1000 or $1800. All Plan options cover wellness and preventive services at 100%. Our plans also reimburse most other in-network services at 80% and include prescription drug coverage with affordable copays. Employees contribute a small portion of the cost of the medical insurance through payroll deductions, with Milwaukee Tool paying the vast majority of the premium cost. Employees can enroll dependents including legal spouses (same and opposite sex), children, and step-children. Coverage may start day one or after 30 days of employment.

401 (K)

The Milwaukee Tool Retirement Savings Plan provides an opportunity to save for retirement through both pre-tax and post-tax payroll deductions. For the first 8% of pay saved, Milwaukee Tool will match 50%. Employees are eligible on their date of hire, and the employer match is 100% vested.

Wellness

Milwaukee Tool strongly supports the health and wellness of employees and family members by providing on-site wellness clinics and fitness centers in some of our locations.

Paid Holidays

Milwaukee Tool grants all employees time off with pay for National holidays.

PTO

The Milwaukee Tool PTO Policy grants all employees between 14 and 24 days of paid time off each calendar year, based on length of service.

Tuition Reimbursement

The Tuition Reimbursement program provides employees an opportunity to enhance their development, to increase their knowledge and skills, and to earn undergraduate and advanced degrees related to their work.

Other Benefits

Milwaukee Tool also provides the following additional benefits.

• Dental Insurance - Comprehensive benefits including two cleanings per year paid at 100%. Milwaukee Tool pays the majority of the premium. Coverage may start day one or after 30 days of employment.
• Vision Insurance - Covers a wide range of services including routine eye exams and new glasses or contact lenses. Coverage may start day one or after 30 days of employment.
• Flexible Spending Account - Milwaukee Tool provides you with the opportunity to pay for out-of-pocket medical, dental, vision and dependent care expenses with pre-tax dollars through Flexible Spending Accounts, or FSAs.
• Health Spending Account - Milwaukee Tool offers additional saving opportunities with an HSA with a qualified health plan. Pay for out-of-pocket medical, dental and vision expenses with pre-tax dollars that are never forfeited, or use as another way to save for your retirement.
• Paid Parental Leave - Milwaukee Tool offers paid parental leave when welcoming a new addition to your family.
• Employee Assistance Program - Available as a free and confidential service for all employees. Coverage is available for all employees and family members.
• Life Insurance - Milwaukee Tool provides coverage at no cost, and you are able to purchase supplemental coverage through payroll deduction. Coverage may start day one or after 30 days of employment.
• Short Term Disability Income Insurance - Provided by Milwaukee Tool, coverage may start after 30 days or 1 year of employment.
• Long Term Disability Income Insurance - Provided by Milwaukee Tool, Coverage may start day one or after 30 days of employment.
• Milwaukee Tool Product Discounts - Employee purchase programs for Milwaukee Tool products.
• Food and Coffee Service – Milwaukee Tool has a state of the art cafeteria and coffee shop featuring Colectivo Coffee in the Wisconsin headquarters.