CENTRIA
“Having a strong benefit program takes away distractions so people can focus on their work. It provides that safety net that allows people to focus on the business.”
– Rob Leighton, Director of Human Resources, CENTRIA
Company Facts
- Location: Moon Township, Pa.
- Type of business: Manufacturer of custom engineered metal wall and roof systems
- Number of employees: 618
- Founded: 1993
- Web site: www.centria.com
Benefit highlights
- 88% employer-paid medical insurance premiums for employees and dependents
- 401(k) plan with an employer match of 100% on the first 1% of pay and 50% on the next 5%, plus quarterly company contribution of 2% of pay; average employee deferral of 6%
- Annual profit sharing contribution with the total contribution averaging 5% of pay
- 100% employer-paid premiums for short- and long-term disability insurance and life insurance
Percent of employees participating in 401(k) plan: 96%
Greatest impact on financial security of employees: Each quarter, regardless of company performance, CENTRIA makes a contribution of 2% of pay into each employee’s 401(k) account. The company also makes an annual profit sharing contribution. “We feel it is very important to continue to make that contribution for employees’ retirement and for their financial security,” said Bob Burik,Director of Administration, CENTRIA.
Other interesting facts:
- The company is taking its robust wellness program to the next level with disease management and case management options
- Investment advisor created custom lifecycle investment models 12 years ago, before lifecycle/lifestyle investment options were widely available
Why Judges Selected CENTRIA
Watch a video of comments from 10 Best judge Dallas Salisbury, president and CEO, Employee Benefit Research Institute
Read the transcript
“CENTRIA was selected as one of the 10 Best because it has outstanding health programs and good supplemental programs like long-term and short-term disability. It has wonderful retirement programs; both defined contribution programs that help shorter term and shorter tenured people and a defined benefit plan that’ll help those who stay for a long time to have a clear automatic supplement to Social Security. And finally, they’re very innovative with wellness programs, retirement planning and communications programs to help individuals understand their benefit programs and understand how to take advantage of them. So across the board, they’re an outstanding firm that everybody should want to emulate in America. And it just underlines why they are a 10 Best company.”
—Dallas Salisbury, 10 Best judge and president and CEO, Employee Benefit Research Institute
