Benefits/Insurance

Full-time employees of Grand Traverse Ophthalmology Clinic receive medical and dental coverage, as well as free eye exams.  Optical and Aesthetic discounts are available after 90 days.  Internal GTOC Bucks, good toward glasses or aesthetic services and product, are available to employees after one full year of employment.    Extended family members also receive free exams and eyewear discounts. GTOC’s 401(k) plan allows a contribution of up to 75 percent of employees’ annual salary and offers matching employer contributions up to 4 percent of their base salary. Each year, GTOC may contribute an additional amount based on company performance. Employees may elect to enroll in a medical reimbursement plan, in which up to $7500 can be deducted annually from their gross wages before taxes. A reimbursement plan for dependent care is also available, with up to $5000 in annual deductions. Tuition reimbursement of 50 percent is granted to employees with a passing grade.

Our flexible paid time off (PTO) program is intended to allow for vacations, personal days, and medical leave. Paid holidays include New Year’s Day, Good Friday (p.m.), Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the following day, Christmas Eve (p.m.), and Christmas Day.

Medical
Choice of two Priority Health Insurance options available after 90 days
Dental
Coverage through Guardian with a minimum one-year policy, available after 90 days

Pension Plan
Grand Traverse Ophthalmology is pleased to offer a 401(k) plan. You can contribute up to 75% of your annual salary to the plan. GTOC will make a matching contribution up to 4% of your base salary. Each year GTOC may contribute an additional amount based on company performance.

You will be vested in the GTOC contributions according to the following schedule:

1 year 20%
2 years 40%
3 years 60%
4 years 80%
5 years 100%

Open enrollment occurs four times a year - February, May, August and November.

Flexible Spending Accounts
Medical Reimbursement - You may elect to have an amount deducted from your gross paycheck, before taxes are taken out, that is applied to your Medical Reimbursement Account up to $7,500 annually.

Dependent Care Reimbursement - You may elect to have an amount deducted from your gross paycheck, before taxes are taken out, that is applied to your Dependent Care Account to pay for child care expenses up to $5,000 annually.

Educational Assistance
GTOC offers 50% tuition reimbursement for employees with a passing grade.

Paid Time Off
PTO is a flexible paid time off program intended to provide time off for vacations, personal and sick days.

90 days
The PTO accrual rate is 1.85 hours per pay period through your first year and can be utilized after 90 days of employment.

1 year
One week plus 8 days accrued at 2.46 hours per pay period.

2 years
Two weeks plus 8 days accrued at 2.46 hours per pay period.

7 years
Three weeks plus 8 days accrued at 2.46 hours per pay period.

15+ years
Four weeks plus 8 days accrued at 2.46 hours per pay period.

Paid Holidays

• New Year’s Day
• Good Friday (pm)
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Day after Thanksgiving Day
• Christmas Eve (pm)
• Christmas Day
• Subject to how holidays fall during the week