Essential health coverage is available to full-time employees after 6 months of employment, with Timberline paying 50% of the base plan premium. After 12 months of full-time employment, 100% of the base plan premium is company paid. This health benefit will cover employees and their families.

The plan coverages include doctor’s office visit, urgent care, outpatient diagnostic x-ray, inpatient hospital stays, preventive care, emergency room visits and group accident. Benefits are paid at a preselected fixed dollar amount per visit, up to a calendar year maximum. The plan also includes an employee and eligible dependent life insurance benefit.

Timberline Hospitalities 401(k) Plan:

Timberline Hospitalities is proud to offer interested employees a 401(k) Plan to invest extra money for retirement tax-deferred! 

A 401 (k) plan is a retirement savings and investment plan designed to allow eligible employees to supplement any existing retirement and pension benefits by saving and investing before-tax dollars through voluntary salary deferral. Contributions and any earnings on contributions are tax-deferred until money is withdrawn. Distributions are usually taken at retirement when many participants are typically receiving less income, and may be in a lower income tax bracket than while working. 

Who is eligible to enroll?

To enroll in the Plan, employees must meet the following criteria:

• Age 21 or older
• Completed 6 consecutive months of service

Eligible employees may enroll the first day of each quarter; January, April, July, and October.

How much is the employer contribution?

Timberline Hospitalities will match dollar for dollar up to 3% of included compensation. We will then contribute $.50 on the dollar up to 5% of included compensation. 

Vesting

When am I vested in the Plan?

Vesting refers to the percentage of your account you are entitled to receive upon the occurrence of distributable events. The value of your contributions to the Plan and any earnings they generate are always 100% vested (including rollovers from previous employers.)