Nemak at a Glance
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Transcript of Nemak at a Glance
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Nemak’s Global Footprint
* Nemak RUS will be operational in 2015
*35 manufacturing facilities strategically located in 15 countries North America (17), Europe (*12), South America (3), & Asia (3)
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Our People
Over 20,000 Employees Globally
Customer focus and
commitment
Leverage diversity for
innovation
Passion for excellence
and performance
Value and develop our
people
Foster trust and
teamwork
Core Values
United States Benefits
MEDICAL, DENTAL AND VISION INSURANCE
Nemak offers a Medical Insurance Plan that matches or exceeds the health insurance plans
of other majority businesses nationwide. Medical Plan benefits include major medical,
hospitalization, surgical, routine/preventative care, and chiropractic services. Our
prescription drug service provides retail as well as mail-order for routine and specialty
drugs. The Dental Plan covers preventive, basic, a portion of major services, and
orthodontic coverage of $1500 lifetime max for age 18 and under. Our Vision Plan covers
expenses related to examinations and various types of eye wear and contact lenses.
LIFE INSURANCE & AD&D
Nemak provides life insurance. This valuable benefit is provided at no charge to the team
member. Team members may purchase additional term insurance through MetLife with the
convenience of payroll deduction for you, your spouse, and dependents under age 25.
DISABILITY INSURANCE
Nemak provides short-term disability coverage to all team members. This valuable benefit is
provided at no charge to the team member. Long-term disability is provided to salaried team
members and is available for purchase for hourly team members.
VACATION
Nemak believes employees should have opportunities to enjoy time away from work and
help balance their lives. We also believe that paid vacations are earned by working and
thus should bear a relationship to your length of service with the Company. Nemak offers a
competitive vacation plan.
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United States Benefits
HOLIDAY PAY
Full-time regular team members who are actively employed are eligible for holiday
pay. Nemak observes 9 paid holidays throughout the year. They include: New Year’s Day,
Labor Day, Christmas Day, Christmas Eve, Independence Day, Thanksgiving Day, Friday
after Thanksgiving, Memorial Day and Good Friday.
Nemak USA Inc. Retirement Savings Plan 401(K) Nemak offers an excellent 401(k)
Retirement Savings Plan with many plan options for the team member’s future retirement
needs. Team members have the choice of over 19 different investment options which
includes Target Date Funds which offer a simple solution to investing for retirement. We
offer company contributions for salary and hourly employees.
PROFIT SHARING BONUS
Upon achieving annually published Company targets, team members may be eligible to
receive Profit Sharing Bonuses.
WELLNESS ACTIVITIES & FITNESS REIMBURSEMENT PROGRAM
Nemak offers all employees the option to participate in various wellness challenges and
activities throughout the year. Nemak offers fitness reimbursement which includes
reimbursement of membership fees to selected fitness groups chosen by Nemak.
FLEXIBLE SPENDING ACCOUNTS
This is a plan under Section 125 of the Internal Revenue Code. Team members participate
by making pre-tax contributions to the plan by way of payroll deductions to pay for out-of-
pocket medical, dental, or qualified childcare expenses.6
United States Benefits
TUITION REIMBURSEMENT
Enhance your current job skills, opt for a degree or improve your general education by
participating in Nemak’s comprehensive educational program. Application can be made for
reimbursement of tuition for up to $5,250 per calendar year.
ONE-TIME SCHOLARSHIP FOR DEPENDENT CHILDREN OF ELIGIBLE EMPLOYEES
Nemak will make a one-time $500 scholarship donation to the college/university on behalf
of your eligible child enrolled in an accredited college/university. This applies to 1st year
students only of eligible employees.
EMPLOYEE ASSISTANCE PROGRAM
All employees and their dependents are eligible to participate. This program provides
completely confidential services including, counseling, assessments, and referrals for
employees and their families who may need assistance in a variety of areas including but
not limited to; legal, professional, or financial counseling, divorce, dependent and elder
care, adoption, behavioral health benefits, stress management, etc.
SERVICE AWARDS
Service awards are distributed to recognize the years of service team members have
contributed to help build and sustain the success of Nemak. Service awards are presented
throughout the year for employees that have completed 5 years, and at each subsequent
five-year milestone.
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Canada Benefits
MEDICAL, DENTAL AND VISION INSURANCE
Nemak offers a Supplemental Medical Insurance Plan that matches or exceeds the health
insurance plans of other majority businesses nationwide. Medical Plan benefits include
semi private hospital, durable medical equipment, hearing aids and travel assistance. Our
prescription drug plan has a 15% copay. The Dental Plan co-pays range from 10% to
50%. Our Vision Plan covers expenses related to examinations and various types of eye
wear and contact lenses. This covers employees and eligible dependents.
LIFE INSURANCE & AD&D
Nemak provides life insurance. This valuable benefit is provided at no charge to the team
member. Team members may purchase additional term insurance with the convenience of
payroll deduction for you, your spouse, and dependents.
DISABILITY INSURANCE
Nemak provides disability coverage to all team members. This valuable benefit is provided
at no charge to the team member.
VACATION
Nemak believes employees should have opportunities to enjoy time away from work and
help balance their lives. We also believe that paid vacations are earned by working and
thus should bear a relationship to your length of service with the Company. Nemak offers a
competitive vacation plan.
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Canada Benefits
CHILD CARE
Nemak provides a subsidy up to $10 per day for dependent children up to age six
years who are registered in a licensed child care center or service provider. A
maximum of $2,000 will be provided on a calendar-year basis.
NEMAK DEFINED CONTRIBUTION PENSION PLAN
Nemak provides company contributions to the plan after one year of continuous
service. In addition, you may make voluntary contributions. Nemak will make
matching contributions equal to 100% of your voluntary contributions up to 3%.
NEMAK SAVINGS AND RETIREMENT PLAN
Nemak offers an excellent plan with many plan options for the team member’s future
retirement needs.
PROFIT SHARING BONUS
Upon achieving annually published Company targets, team members may be eligible
to receive Profit Sharing Bonuses.
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Canada Benefits
WELLNESS ACTIVITIES & FITNESS PROGRAM
Nemak offers all employees the option to participate in various wellness challenges
and activities throughout the year. Nemak offers a fitness center on-site, which is free
to employees.
TUITION REIMBURSEMENT
Enhance your current job skills, opt for a degree or improve your general education
by participating in Nemak’s comprehensive educational program. Applications can be
made for reimbursement of tuition for up to $5,250 per calendar year.
ONE-TIME SCHOLARSHIPS FOR DEPENDENT CHILDREN OF ELIGIBLE
EMPLOYEES
Nemak will make a one-time $500 scholarship donation to the college/university on
behalf of your eligible child enrolled in an accredited college/university. This applies to
1st year students only of eligible employees.
SERVICE AWARDS
Service awards are distributed to recognize the years of service team members have
contributed to help build and sustain the success of Nemak. Service awards are
presented throughout the year for employees that have completed 5 years, and at
each subsequent five-year milestone.
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