At KU Endowment, we offer a competitive benefits package to employees who work 20 hours or more per week. New employees are eligible for most benefits on the first day of the month following date of hire.
Eligible employees enjoy the following benefits:
Employees can choose between different plan options, and KU Endowment shares the cost of premiums for employees and their dependents.
Employees and their families are eligible for dental coverage following 30 days of employment. KU Endowment shares the cost of premiums for employees and their dependents.
Options are available for an Exam Only or Exam Plus Materials plan.
Flex Plan (Section 125 Pre-Tax Savings Plan)
Also known as a Flexible Spending Account (FSA), this program allows employees to set aside a portion of earnings to pay health, dental and vision insurance premiums; unreimbursed medical expenses; and/or childcare. Contributions are made through pre-tax payroll deductions (i.e., before federal, state or social security taxes are assessed).
Health Savings Account (HSA)
For employees enrolled in the High Deductible Health Plan option, KU Endowment will contribute funds to an HSA to help cover costs for medical, prescription drug, vision, and dental out-of-pocket expenses. Employees can also make pre-tax payroll contributions to their HSA.
Matching 401(k) Retirement Plan
Employees may voluntarily save for retirement by contributing to the KU Endowment 401(k) "defined-contribution" plan through payroll deduction. Employees elect to make contributions to the Regular 401(k) (tax-deferred), to the Roth 401(k) (after-tax), or a combination of these. KU Endowment provides up to 4 percent in matching funds. Employees are vested immediately on both the portion they contribute and the matching funds.
KU Endowment provides at no cost a "defined-benefit" retirement plan. Upon retirement (usually age 65), employees who have served at least five years of service are entitled to receive a fixed monthly income for life.
Benefits-eligible employees are automatically covered by insurance policies that cover basic term life insurance, accidental death and dismemberment, and business travel accidents. Death benefits under these policies are paid to a named beneficiary of the employee's choosing. Premiums are paid in full by KU Endowment.
Long-Term Disability Insurance
The long-term disability program is designed to guard against financial loss due to a serious illness or accident. A bonus is paid to the employee to cover the cost of the premium.
Short-Term Disability Insurance
Employees may voluntarily enroll in the short-term disability plan that allows for benefits before the long-term disability coverage begins.
Personal and Sick Leave
Paid personal leave begins accruing with the date of employment (initially approximately 10 hours of personal leave per month for full-time employees). Sick leave is awarded at the beginning of each fiscal year and is prorated and awarded to new employees upon hire. Personal and sick leave are prorated for part-time employees.
Benefits-eligible employees, who have been on staff for one year, will be provided up to four weeks of paid parental leave.
KU Endowment provides paid days off for New Year's Day, Martin Luther King Jr. Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the day after Thanksgiving and Christmas Day.
Employees are eligible to receive reimbursement to partially offset the cost of undergraduate or graduate level classes at the University of Kansas. KU Endowment will provide up to $1,000 per semester or $2,000 per year, for benefit–eligible degree-seeking employees taking classes at KU. Staff members’ benefits-eligible spouses and or dependents may receive up to $750 per semester, or $1,500 per year.
Employees who contribute to existing or new KU Endowment funds can receive a one-to-one match on gifts of at least $25. This program helps employees support higher education at the University of Kansas.
Employee Assistance Programs (EAPs)
Employees may seek free advice and counsel regarding any number of life’s everyday challenges through the EAP program.
Identity Theft Protection
The ID Theft Shield Protection product provides continuous monitoring of employee’s credit report and restoration of identity if identity theft occurs. Participants’ credit files are monitored daily and alerts are sent when activity occurs. Premiums are paid by the employee, and coverage is provided for them, their spouse (if spouse’s name is on the application), and minor children, if elected.
The LegalShield Plan product provides employees access to an attorney for creating a will, a living will, and a medical power of attorney. Additional benefits are included such as 24/7 access for telephone consultations.