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Compensation Programs
C&F is committed to providing compensation that reflects employee performance and is in line with
competitive market information. The compensation program includes base salary and an annual bonus program.
Payroll
C&F is on a bi-weekly pay schedule and has 26 pay periods in the year.
Direct deposit is available as well as the ADP iPay system which allows you to view your pay voucher on-line at any time.
Benefits
C&F offers a broad scope of benefit programs designed to meet the needs of a diverse workforce.
Benefits represent approximately 20% of your overall compensation from C&F. New hires are eligible
for benefits beginning the first of the month following your date of hire.
Time Off
- Company Holidays - 10 per year (subject to change).
- Paid Time Off (PTO) - bank of days available to all eligible employees to balance home and work life.
PTO days can be used for vacation, illness, family illness, or personal use.
Health Benefits
- Medical Coverage - C&F offers 2 medical plan choices through CIGNA to meet the needs of our diverse workforce.
- Choice Health Savings Account Plan with a $1,000 annual company contribution ($2,000 for Family coverage) - pro rated for new hires.
- Open Access Plus Plan.
- Dental/Vision Coverage - C&F offers two dental PPO plans through CIGNA.
- Basic Plan.
- Premier Plan (includes ortho).
Both plans include vision coverage provided through VSP.
Savings Plans
- 401K Plan (IRP) - ability to contribute on a pre-tax or after-tax basis with C&F
matching contributions up to 6% of salary at 50% (if you contribute 6%, the match will equal 3%).
In addition, C&F contributes a 3% basic contribution at year end to all eligible employees regardless of plan participation.
The Plan includes 9 diverse investment funds as well as the ability to open a self-directed brokerage account.
On-line access to account and investment fund options provided by the Plan Administrator, Merrill Lynch.
- Fairfax Share Ownership Plan (ESOP) - provides the opportunity to participate directly in the
company's future by purchasing shares in Fairfax Financial Holdings Limited (C&F's parent company) through payroll
deductions of 1% to 10% of your base salary. C&F matches 30% of your contributions each pay period and an additional
20% of your base contributions when Fairfax achieves their financial objectives.
Life/Disability Benefits
- Basic Life Insurance - 100% company paid, equivalent of 1X salary.
- Supplemental Life Insurance - available to you (up to 5 times your salary) and your eligible dependents
(spouse up to $100,000 and children at $10,000).
- Accidental Death & Dismemberment Insurance - available (up to 5 times your salary) for yourself or
your entire family to provide payments in the event of an accidental loss of life or significant function.
- Short-Term Disability - Salary continuation program of all or 2/3rds of salary during an extended
absence due to a disability for up to six months. This program is 100% company paid.
- Long Term Disability (LTD) - provides salary continuation at 60% of gross salary with a maximum
of $14,000 and a minimum of $100 per month when you are unable to work due to an injury or illness that lasts over 26 weeks.
- Business Travel Accident Insurance - provides business travel accident assistance in the event
you are injured while travelling on company business.
Other Benefits
- Education Assistance Plan - C&F recognizes the importance of continuing education and supports
employees in their efforts to improve their skill sets.
- Employee Assistance Program (EAP) - free, confidential counseling services through CIGNA Behavioral Health.
- Flexible Spending Accounts - allow you to set aside pre-tax dollars from your pay to cover
out-of-pocket medical, dental, vision, hearing, and daycare expenses. Maximum contribution of $5,000 for each account.
- Qualified Transportation Expense - allows you to use pre-tax dollars to pay for your commute via mass
transit and/or workplace parking.
- Group Legal Plan - offered through Hyatt Legal services to cover a wide range of legal services.
- Adoption Expense Plan - reimburses full-time employees who have completed one year of service for
eligible expenses associated with the legal adoption of a child.
- Matching Gifts Plan - provides a 100% matching contribution to eligible organizations you financially support.
- Service Awards Program - C&F recognizes the importance of employee's service to the organization that's
why we offer awards to employees who attain milestone anniversaries.
Discount Programs
- Verizon Wireless - 15% discount on your monthly wireless charges.
- DELL - discounts on computers and accessories.
- NJ Manufacturers Insurance - NJ residents are eligible to apply for personal insurance coverage.
- Plum Benefits - theater discounts in the NYC area.
- Wells Fargo Home Mortgage - discount rates available through Wells Fargo.
Benefits by Location
Additional benefits are available to C&F employees and vary by location.
- Fitness Center
- Subsidized Cafeteria
- Business Casual Attire
- Complimentary Beverages
- Free Parking
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