Benefits

Lennar is proud to provide our
Associates a comprehensive and
competitive benefits program.

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Vacation Schedule - based on years of service

  • 1 - 5 years 2 weeks per year
  • 5 - 10 years 3 weeks per year
  • 10 + years 4 weeks per year

Full-time regular associates accrue vacation each pay period throughout the year. There are 26 pay periods in a year. Vacation accrues from the first day of employment and is available for use upon completion of 90 days of service.

Personal Days

Full-time regular associates may take two (2) personal days each year. These days are available beginning with the first pay period following 90 days service. The allocation for the first year of employment may be prorated depending on date of hire. At the end of each fiscal year, hourly associates may roll their unused personal days into their banked sick allotment. Refer to the policy in the Associate Reference Guide for details.

Sick Leave

Hourly and Salaried Associates:

Full-time regular associates are allotted four (4) sick days per year. These days are available beginning with the first pay period following 90 days of service. Hourly associates may bank unused days and use them for future illnesses. Unused days are not compensable at termination. The allocation for the first year of employment may be prorated depending on date of hire.

Salaried Associates Only:

Salaried associates may be given up to an additional 20 work days of sick time per incident in the event they have an illness that requires an extensive amount of time off. These days are available beginning with the first pay period following one year of continuous employment.

Bereavement Leave

Full-time regular associates are allowed up to three (3) days of paid bereavement leave in the unfortunate event of the death of an immediate family member. If additional time is required, associates must use any available vacation time and/or personal days.

Service Awards

Associates earn service awards based on their years of service to the company. Awards vary based on years of service and are typically presented after ten (10) years of service and again in five (5) year increments thereafter.

Bank of America at Work

Lennar, together with Bank of America, offers a special banking benefit program. Benefits include, but are not limited to, discounted and no monthly maintenance fee checking options with direct deposit of paychecks, interest rate bonuses on CDs and IRAs, discounts on loans, and no-fee American Express Travelers Cheques.

Home and Auto Insurance

MetLife Auto & Home is a voluntary group auto and home benefit program that provides associates with access to insurance coverage for their personal insurance needs. Policies available include home, auto, landlord’s rental dwelling, condo, mobile/motor home, renters, recreational vehicle, boat, and personal excess liability (umbrella) policies. Associates can choose to have premiums automatically deducted from their paycheck or checking account. With these options, insurance premiums are spread throughout the policy term with (in some instances) no down payments, interest charges or service fees. Other payment options are available including mortgage billing for home insurance.

Home Purchase Policy

Upon hire, associates may receive a special benefit on the purchase of a new Lennar home. The home must be the associate’s primary residence. Refer to the poilcy in the Associate Reference Guide for details.

Home Purchase Referral Program

Associates may receive a referral fee at the close of escrow if they refer a NEW first time visitor to a Lennar community. Restrictions apply and can be obtained upon hire.

Mortgage and Title Benefits

Eligible associates may be able to receive mortgage and title benefits through one of Lennar’s subsidiary companies, Universal American Mortgage and North American Title Corporation. These benefits vary and are not available in all areas of the country.

General Electric Appliance Benefits

GE offers discounts to Lennar associates for certain appliances. Benefits vary by product and may not be available in all areas.

Direct Deposit of your Paycheck

You can elect to have your pay direct deposited to various checking and/or savings accounts. Associates receive an electronic pay voucher through an associate self service website. The pay voucher details the amount earned, all deductions and the amount deposited to each bank account into which funds have been directed.

Lennar Corporation 401(k) Plan

All Lennar associates who have reached the minimum age requirement (18) are eligible to enroll in the 401(k) plan. This includes full time, part time and temporary staff so long as they are paid through Lennar's payroll system. The plan has automatic enrollment and automatic escalation features. There is no waiting period for 401(k) enrollment. You may enroll as soon as your information is sent to our plan administrator. The plan is administered by Prudential.

Lennar Provides company match on pre-tax contributions. Associates vest 20% for every calendar year in which they work a minimum of 1,000 hours, up to a maximum vesting percetage of 100%. Lennar has an array of investment and contrubution sources from which to choose.

Benefits Eligibility

All regular full-time associates working a minimum of 30 hours per week are eligible for coverage on the first day of the month following one full month of employment. Your benefits enrollment material will arrive via email.

The following information is meant to HIGHLIGHT the plans offered to you. Once you receive your enrollment package, you will have more details about specific plans. Additionally, if you have any questions, you are welcome to contact the Benefits Department at 1.800.353.8100, option 2.

Medical Insurance

Lennar offers various medical plan options depending on your geographic location. Associates who wish to enroll in medical are required to complete a Health Assessment as part of enrollment. The results of the assessment are kept confidential between you and CIGNA, are not shared with anyone at Lennar, and will in no way limit your ability to enroll, your enrollment options, or your costs.

In most states and regions, we offer a Network Plan, which operates like an HMO plan with a $500 individual deductible, 80% coverage and require the use of a Primary Care Physician (PCP) for most medical care. If you do not live in an area that is served by the Network plan, you will not be offered this plan. This play has no out-of-network coverage except emergency and urgent care.

If you live in California or Minnesota or portions of Wisconsin or Alabama, we offer an Open Access Plus In-Network Plan, which operates much like an HMO plan with a $500 indvidual deductible, 8-% coverage, and does NOT require the use of a Primary Care Physician. This plan has no out-of-network coverage except for emergency care and urgent care.

Also, we offer an Open Access Plus (OAP) Plan. This plan operates like a PPO plan with a $500 individual, in-network deductible, 80% coverage for in-network care and 60%coverage for out-of-network care and typically begins to pay these percentages AFTER you have satisfied your deductible. In-network coverage is paid based on CONTRACT rates and out-of-network coverage is paid based on REASONABLE AND CUSTOMARY rates.

Additionally, we offer a Consumer Driven Health Plan with a Health Reimbursement Account (CDHP/HRA). This plan operates like a PPO plan with a $1,500 individual, in-network deductible, 80% coverage for in-network care and 60% coverage for out-of-network care and begins paying these percentages AFTER you have satisfied your deductible. Enrollees are automatically given an HRA account with $500 (individual) or $1,000 (family) in credits to use towards their deductible. Any unused HRA funds can be rolled into the following calendar year (maximums apply). In-network coverage is paid based on CONTRACT rates and out-of-network coverage is paid based on REASONABLE AND CUSTOMARY rates. In-network preventive care is covered at 100%.

All medical plans are administered by CIGNA Healthcare. The costs of the plans are shared by the company. The bi-weekly amount of associate contribution is shown in the table below.

Prescription Drug

Medical enrollees are automatically enrolled in prescription drug coverage. Regardless of the plan you choose, your prescription drug coverage will be the same. The plan is operated by Medco. You may not enroll in prescription drug coverage separate from medical.

Dental

Lennar offers two dental plans, a low option and a high option plan. Both are provided by MetLife and offer in and out-of-network coverage. If you seek care from contracted dental providers you receive a higher level of benefit. The plans do not require the use of a network provider. The costs of the plans are shared by the company. The bi-weekly amount of associate contribution is shown in the table below.

Vision

Lennar offers two vision plans, a low option and a high option plan. Both are provided by Ameritas and offer in and out-of-network coverage. In-network coverage is provided by facilities such as Target, Sears, JC Penney and Pearle Vision Centers as well as some independent operators. The out-of-network coverage is through a reimbursement program and is very limited. The costs for these programs are entirely paid for by you and the bi-weekly amount of associate contribution is shown in the table below.

Bi-weekly Costs of Medical, Dental and Vision

PLAN ASSOCIATE ONLY ASSOCIATE & SPOUSE ASSOCIATE & CHILDREN ASSOCIATE & FAMILY
MEDICAL: Network 27.69 84.92 74.31 100.62
MEDICAL: OAP In-Network 27.69 84.92 74.31 100.62
MEDICAL: OAP/500 69.23 169.85 157.85 264.92
MEDICAL: CDHP/HRA 15.23 51.69 44.31 52.62
DENTAL Low 4.92 11.54 12.20 19.51
DENTAL High 8.06 17.26 19.44 26.34
VISION Low .41 .83 .78 1.14
VISION High 2.07 4.15 3.95 5.72

Short-Term Disability

Lennar offers you "income replacement" in the event you are disabled and incapable of working, through our short-term disability (STD) program. The program pays 60% of your covered weekly earnings, and has a $1,500 maximum weekly benefit. The plan begins paying after a two-week elimination period and pays up to 24 weeks of benefit. The cost for this program is entirely paid for by you and is dependent upon your age and salary.

Basic Long-Term Disability

Lennar offers further "income replacement" through a company paid long-term disability (LTD) program. The program pays 50% of covered monthly earnings, and has a $7,500 maximum monthly benefit. The plan begins paying after a six month elimination period. The cost for this benefit is paid by the company and is based on your salary.

Buy-up Long-Term Disability

Lennar offers you the option to purchase more LTD coverage in the event that 50% is not sufficient to support you and your family. The program pays an additional 10% (for a total of 60%) of covered monthly earnings, and has a $12,500 maximum monthly benefit. The plan begins paying after a six month elimination period. The cost for this program is based on your salary and is entirely paid for by you.

Basic Associate Life

Lennar provides all benefit eligible associates with Basic Life Insurance at one times their annual earnings. The minimum we purchase is $30,000 and the maximum is $550,000. The cost for this program is based on your salary and is entirely paid for by the company.

Additional Associate Life

Lennar offers additional life insurance in increments of $50,000 to a maximum (basic and additional life combined) amount of $1,000,000. The cost for this program is entirely paid for by you and is based on your age and the amount of insurance you purchase.

Spouse Life

Lennar offers spouse life insurance at the following levels: $5,000, $10,000, $25,000, $50,000, $75,000 and $100,000. The cost for this program is entirely paid for by you and is based on your spouse’s age and the amount of insurance you purchase.

Child Life

Lennar offers child life insurance in increments of $2,000 to a maximum of $10,000 per child aged 6 months or more. The cost for this program is entirely paid for by you.

Accidental Death & Personal Loss

Lennar offers accidental death and personal loss (AD&PL) insurance in increments of $10,000 to a maximum of $500,000. The cost for this program is entirely paid for by you and depends on the amount of AD&PL you purchase.

Associate Assistance Program

Lennar enrolls every associate and their household members in a confidential assistance program. The plan offers referrals to counselors and self-help groups as well as legal, credit counseling and a number of other providers in the event that you need assistance. The plan is free to associates.

Flexible Spending Accounts

Lennar offers two different types of flexible spending accounts (FSA), Health Care and Dependent Care Spending Accounts.

You determine the amount of money you wish to contribute. The money is deducted from your paycheck before taxes are applied which has the effect of reducing your taxable income and therefore your tax liability. Choose from three methods for reimbursement (1) order a debit card and if your provider accepts Visa, you simply hand them your FSA debit card and they will swipe the amount of the transaction, (2) file a paper claim, (3) file a claim online. If you file a paper claim or an online claim your reimbursement options are (1) receive a check in the mail or (2) automatic deposit to your bank account.

Health Care Spending Account (HCSA)

The HCSA is designed to reimburse you for out-of-pocket costs associated with the necessary medical, dental and vision care for yourself and your eligible family members. You can contribute up to $3,000 pre-tax to the plan each calendar year.

Dependent Care Spending Account (DCSA)

The DCSA is designed to reimburse you for eligible day-care expenses incurred for eligible child(ren), spouse, and parents. You can contribute up to $5,000 pre-tax to the plan each calendar year.

Long Term Care

Lennar offers associates and eligible family members the opportunity to purchase Long-Term Care Insurance. Choose from the Maximum Daily Benefits of $100, $150, $200, $250, or $300, all with or without inflation protection. The cost of the coverage is based on age, is entirely paid for by the covered member, and depends on which level of benefit is purchased.