Benefits at Malco Products

Employee Stock Ownership Plan (ESOP) Company

  • Always privately held company
  • Currently 75% employee-owned
  • Open book financials
  • Retirement Contribution – Eligible employee owners begin participating in the ESOP within 6-9 months of hire, 100% vesting in the ESOP is earned after 6 years, company contribution of at least 4% for the last 6 years

Insurance – begins the first of the month after 30 days of employment

  • Health – Comprehensive high deductible health plan that the company pays at least 82% of premiums and up to 85% if wellness goals are met and we offer a Health Savings Account (HSA) for pre-tax contributions
  • Dental – the company pays 100% of basic dental coverage
  • Life/AD&D Insurance – the company pays 100% of 1X your annual salary, you can elect to buy an additional 2x or 3X your annual salary for voluntary life and AD&D
  • Short Term Disability – the company pays 100% of short term disability
  • Long Term Disability – you can elect to buy long term disability

 

Compensation

  • Competitive Twin City metro wages
  • Opportunity for Profit Incentive (Bonus) – quarterly bonus program of up to 6% of salary for all employees based on company performance with employee-owners able to participate the first day of work
  • 401(k) match – 20% match on the first $3,000 with immediate vesting (in addition to the retirement contribution – see fourth bullet point under Employee Stock Ownership Plan.)
  • Tuition reimbursement –Tuition free in-house technical college courses and up to $2,400 annually for outside courses
  • Overtime premium after 40 hours paid for non-exempt employees

 

Paid Time Off

  • Vacation time – based on your years of service starting at 5 days for hourly and 10 days for exempt employees
  • Vacation time – you can buy 1 week and/or sell back any unused days
  • Nine holidays plus an occasional extended weekend holiday
  • Convenience/sick time – 6 days per year – allowed to carry over 5 days with the opportunity to sell back unused time at 1.5 times the hourly rate for hourly employees
  • Funeral Time – up to 3 days
  • Wellness Program– 1 day per year or $200 cash if you reach specific wellness goals
  • Jury Duty – up to 20 days

 

Safe/Clean Work Environment

  • MnSharp OSHA Certified (Annandale location) – Safety designation as one of the top mid-sized companies in Minnesota
  • Clean and environmentally controlled (air conditioned – Annandale production area)

 

The above listed benefits should not be considered all inclusive; the entire benefit package will be reviewed upon your hire at Malco.

Interested in joining our team? Click HERE to fill out an employment application!

 

Other Resources:

Current Employment Openings

What our Employees Say About Working at Malco!

Types of positions offered by Malco