BENEFITS PACKAGE

Trinity School recognizes the value of benefits to employees and their families. The school supports employees by offering a comprehensive and competitive benefits program. For more information regarding benefit programs, please refer to the school’s Summary Plan Descriptions (SPDs), which are found on the school’s intranet , or contact the Human Resources office. To the extent the information provided here conflicts with the SPD or the full plan document, the full plan document will control.

Employees are eligible for the current benefits package as published by the Human Resources office. This may include, but is not limited to, medical insurance, dental insurance, vision benefits, basic life insurance, AD&D, long-term disability, optional life insurance, and 403(b) and flexible-spending plans. Additional benefits include tuition remission, personal time off (PTO), paid holidays, and access to the school’s fitness/weight room.

Trinity reserves the right to alter, modify, or terminate benefits at its discretion, consistent with the law.

Medical, Dental, and Vision Insurance

Full-time employees working 30 hours or more per week are eligible for insurance on the first day of employment. To keep coverage in force, every insured employee must work a minimum of 30 hours per week.

CONTINUATION OF BENEFITS (COBRA)

Employees and their dependents who enroll in the school’s medical or dental plans may be eligible to continue coverage at their own expense—usually for up to 18 months—upon terminating employment with the school or experiencing other qualifying events (e.g., when a dependent student loses coverage due to age limits or college graduation). Employees will be notified of their COBRA rights upon enrolling in medical coverage as well as at the time of their termination of employment. Employees should contact the Human Resources representative for further details.

HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA)

Trinity School has entered into a business associate agreement with Savers Administrative Services, Inc. (Savers) to protect the privacy and security of the protected health information (PHI) it receives from Trinity employees as defined by the Department of Health and Human Services in its Health Insurance Portability and Accountability Act (HIPAA). The school has contracted with Savers to handle the administration of the Section 125 flexible spending account benefit. In that regard, Savers alone will have access to the PHI it receives from Trinity employees. Savers has documented privacy policies as required by HIPAA and has taken the necessary steps to ensure compliance with HIPAA.

403(b) RETIREMENT PLAN

Trinity School participates in the North Carolina Independent School Collaborative (ISC), a multiple-employer plan (MEP) model that allows Trinity and other member schools to manage their retirement plans more efficiently, helping to lower costs for plan participants. Trinity School matches up to 4% for benefits-eligible employees with 1–5 years of service and up to 5% for benefits-eligible employees with 5 or more years of service.

The ISC MEP is composed of four highly regarded and experienced providers and partners:

The Teachers Insurance and Annuity Association of America (TIAA), a Fortune 100 financial services organization with more than 100 years’ experience, is the leading provider of financial services in the academic, research, medical, cultural, and governmental fields.

Compass Financial Partners is the investment manager and Registered Investment Advisor, responsible for the selection and monitoring of the funds in the investment menu and for providing ongoing help and advice to plan participants.

Pentegra is the plan administrator, responsible for the day-to-day operations of the plan.

The North Carolina Association of Independent Schools (NCAIS), a longstanding valued partner that is recognized nationally for excellence in education, is the ISC MEP sponsor. 

TUITION REMISSION

Employees in a benefit-eligible position working 30 to 40 hours per week receive 30% tuition remission with a 2% annual increase up to a maximum remission of 50%. There is no child limit.

Senior administrators receive 40% tuition remission with a 2% annual increase up to a maximum remission of 60%. There is no child limit. If an organizational change nullifies an employee’s senior leadership status, the employee will maintain their tuition discount existing at the time of the change. In addition, application fees and new student fees are waived for eligible employees.

Employees are required to complete one full academic year of service to initiate the 2% increase. Qualifying employees employed during the 2022–2023 academic year were eligible to receive the initial 2% increase effective July 1, 2023. For information about the recognition of prior service of former employees who return after a period of separation from Trinity, see the Seniority section above.

For the purposes of this policy, the term child includes biological children born to an employee, children who are legally adopted, stepchildren, and children for whom the employee is the legal guardian. 

For the purposes of this policy, senior administrators include any member of the Leadership Team, as well as positions that lead strategic planning and critical decision-making for functional departments that span the entire school; manage direct reports; and have budget responsibility.