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Benefits

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At Del Monte Foods, Inc. our employee benefits are designed to provide employees the flexibility to select a package of coverage that meets their unique needs.

Benefits are available to employees and their dependents, including children, spouses and domestic partners and are generally effective on an employee's date of hire.

Medical

Medical Plan coverage is provided through a preferred provider option (PPO) with Blue Cross. Depending upon an employee's location, an employee can choose between the PPO and various HMO's. The employee and the Company share the cost of this benefit. The employee's contributions are before-tax contributions.

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Dental

A comprehensive Dental Plan coverage is provided through Delta Dental. For California residents, a dental HMO is available as an alternative dental coverage. The employee and the Company share the cost of this benefit. The employee's contributions are before-tax contributions.

Vision

Vision coverage is available through Vision Service Plan (VSP). The employee must elect Medical Plan coverage to be eligible. The Company pays the entire cost of this benefit.

Short Term Disability

Employees are covered for salary continuation in the event of illness or injury. It replaces 100% of employees' base pay or two-thirds of employees' base pay, depending upon employees' years of service, for up to 26 consecutive weeks. The Company pays the entire cost of this benefit.

Long Term Disability

Employees are covered for 60% of employees' base pay after 26 weeks of total disability. The Company pays the entire cost of this benefit.

Core Life Insurance

Two options are offered under Core Life Insurance coverage. The Company pays the entire cost of the option elected.

Optional Life Insurance

The employee can elect additional life insurance coverage of one, two or three times employees' base pay up to a maximum of $1,800,000. Coverage for employees' eligible dependents is also available under a number of options ranging from $2,000 per child and/or $10,000 for employees' spouse/domestic partner to $4,000 per child and/or $20,000 for employees' spouse/domestic partner. The employee pays for this benefit with after-tax contributions.

AD&D Insurance

The employee can elect Accidental Death and Dismemberment Insurance for the employee in the amount of one to five times employees' base pay up to a maximum of $500,000. AD&D coverage is also available for eligible dependents. Coverage options for employees' spouse/domestic partner range from one to five times employees' base pay up to a maximum of $500,000; dependent children can be covered at 15% of the employee coverage amount. Employees pay for this benefit with after-tax contributions.


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