Stanley Works - Benefits

At Stanley, our associates are our most important assets. Therefore, we are committed to offering a benefits package that provides protection and well-being for our associates and their families. The following provides highlights of the Stanley benefits program.

The Stanley Account Value Plan offers the tools you need to help you create a retirement investment strategy that's right for your unique retirement goals.

Choice Account - 401(k)
With this account, you choose how much to contribute to your retirement savings and how to invest your contributions. There are several investment options/funds available, including Stanley Stock. You contribute through convenient pre-tax or post-tax payroll deductions, 1% to 15% of your pay. Stanley matches 50 cents for every pre-tax dollar you contribute, up to 7% of your annual earnings.

The Stanley Health Care Plan benefits are designed to give associates the best quality care possible, at a reasonable cost.

Medical
Our medical plan gives you comprehensive coverage through a network of preferred physicians.

Dental
Choose from a comprehensive plan or a dental HMO plan (available in certain states). Our plans pay 100% (no deductible) for preventive treatments like exams.

Eyewear Program
Our associates and their dependent are eligible for a preferred pricing eyewear program, which provides you substantial savings on frames, lenses, contacts and accessories. Eye exams are covered at preferred providers.

Pretax Health Care Reimbursement
You may elect to participate in Stanley's Health Care Reimbursement Account to help pay for certain IRS-approved medical, dental, and/or vision expenses that are not reimbursed by your medical or dental plan. You are able to set aside a specific dollar amount to be deducted from each paycheck on a pre-tax basis.

Standard benefits:

Group Life Insurance
Stanley pays the full cost equal to your benefits compensation amount. Your benefits compensation is equal to 1 times your annual earnings which is updated each September 1st for the next calendar year.

Accidental Death & Dismemberment (AD&D)
Pays up to twice the basic life amount.

Business Travel Assistance
Associates who travel on company business are covered for the following: business travel accident, accidental dismemberment, medical assistance & evacuation, legal assistance and lost luggage.

Short-term Disability (STD)
Stanley pays the full cost of this benefit, which is based on an associate's length of service for disabilities unrelated to work.

You may augment your standard benefits with any of the following:

Long Term Disability(LTD)
You can receive LTD coverage, which pays 60% of your benefits compensation amount.

Voluntary Life Insurance
You can purchase additional life insurance equal to 1-3 times your benefits compensation amount.

Dependent Life Insurance
Plans are available for your spouse and eligible children.

In addition to the benefits described above, Stanley also offers the following valuable programs:

Paid Time-Off
Vacation, holidays, diversity days

Educational Assistance
Tuition assistance available for approved graduate and undergraduate courses.

Student Scholarships
The Stanley Sons and Daughters Program is available to children of Stanley associates. Applies to two- and four-year colleges, as well as vocational/technical institutions.

Employee Store
Our associates store offers Stanley's complete line of consumer products and apparel at discount prices.

Employee Assistance Program (EAP)
The EAP helps you deal with a wide range of important life issues. The confidential, 24-hour, counseling and referral service assists you with family, marital, financial or legal issues. Child and elder care assistance is also offered.

Adoption Allowance
Adoption allowance of $2,000 per child; additional reimbursement for children with special needs; foster parent assistance.

Pre-tax Dependent Care Reimbursement Account
You may elect to participate in Stanley's Dependent Care Reimbursement Account to help pay for certain IRS-approved child care services or adult dependent day care services.

Matching Gifts
Stanley matches cash contributions given by Stanley associates to a variety of charities, organizations and schools.