OAPI America Pharmaceutical, Inc. (OAPI) believes that our employees are the most important asset of our company - and the most critical component of our company's success. Our extensive compensation and benefits package reflects these beliefs. Medical, dental, and vision, as well as other optional insurance plans, are all offered at competitive rates. The company's 401(k) Savings Plan is highly competitive relative to the industry and our leave policy is progressive and flexible.

All employees participate in merit increase and incentive award programs. Our benefits package also includes life insurance, accidental death coverage, employee assistance, disability insurance, and educational reimbursement. Our dedicated Human Resources staff is continually investigating new and improved compensation and benefits plans.

Listed below is a summary of the compensation and benefits package:

Medical Plans

OAPI offers employees a choice of two medical benefit plans.  Both include an extensive national network of medical providers. 

• Standard Plan: Participants choose physicians and medical facilities from a list of preferred providers. Services are generally covered at 100%. A copay may apply, but there is no deductible when in-network providers are used.  Members may also opt to use out-of-network providers, subject to a high deductible.

• Choice Plan: The Choice Plan offers generous benefits and allows members to choose providers in or out of the preferred network at any time.  Members are responsible for copays for office visits, and deductibles and coinsurance for most services.  Participants have lower out-of-pocket expenses when in-network providers are used.   

Dental Plan
OAPI’s comprehensive dental PPO plan covers preventative care and other general dental expenses.      

Vision Plan
The plan offers employees access to quality vision care benefits.  Covered services include vision examinations, glasses, and contact lenses.  Members receive maximum benefits by using the national network of vision care providers.

Life Insurance
Basic life insurance equal to two times annual salary and accidental death and dismemberment insurance for five times annual salary is provided to all eligible employees. Employees may also purchase additional life insurance for themselves and family members.

Long- and Short-Term Disability
OAPI’s Short-Term Disability Plan provides income replacement benefits to eligible employees who are temporarily unable to work due to a serious health condition or disability. The Long-Term Disability Plan assists in protecting full-time eligible employees from loss of income in the event they become totally disabled.
 

Compensation Programs

Annual Merit Increase Program
All eligible employees have the opportunity to increase their base pay through annual merit increases based on individual performance.

Short-Term Incentive Program
Annual incentive payments are possible through this plan which evaluates both company and individual performance against pre-approved goals and objectives.


401(k) Savings Plan
The 401(k) Savings Plan allows employees to save for retirement and to reduce present taxes. OAPI offers a very competitive 401(k) Savings Plan. The plan offers several different funds and is managed by Fidelity Investments. OAPI will match 100% of your first 6% of contributions to the Plan. Matching contributions vest over a period of five years of service.

Other Benefits

Flexible Spending Accounts
Spending accounts are pre-tax methods of setting aside funds for use in paying for dependent care or for anticipated health care expenses not covered in the healthcare plans.

• Dependent Care Spending Accounts: You may reimburse yourself with pre-tax dollars up to $5,000 ($2,500 if married and filing separately) for such services as day care centers, nursery schools, or day care for adult dependents.

• Health Care Spending Accounts: You may reimburse yourself with pre-tax dollars up to $5,000 for eligible expenses such as deductibles, co-payments/co-insurance, and eyeglasses.

Paid Time Off (PTO)
PTO consists of sick time, vacation time, or other personal time off from the company, for which you are paid your normal salary. OAPI's policy is to give you a total annual allotment of days off per year, based on your month of hire (in your first year of employment) or years of service with the company. The following chart applies to full-time employees; PTO for part-time employees is proportionate to hours worked. The following time off allotments are granted on the date of hire in the first year of employment.

Beginning on January 1 of each year, all full-time employees are eligible to receive PTO according to the following schedule.

Educational Reimbursement
OAPI recognizes that the knowledge and skills of its employees are critical to the success of the organization. Regular full-time employees may be eligible to participate in this program upon approval.

Employee Assistance Program (EAP)
The EAP provides confidential counseling services to employees and dependents, face-to-face or via 24 hour toll-free number, at no cost.