Dental

Foamex offers dental coverage through Delta Dental. The plan covers a variety of procedures, including 100% coverage for preventive and diagnostic care. The plan also includes an orthodontic benefit for dependent children.

Vision

Vision care insurance is provided by Vision Service Plan (VSP), and covers eye exams, frames, lenses and contact lenses.

Life and AD&D

Foamex provides basic life and accidental death and dismemberment insurance equal to your annual salary. You may purchase additional life and AD&D insurance at group rates, as well as life and AD&D insurance for your spouse and dependent children.

In addition, Foamex provides business travel accident insurance, equal to 5 times your salary, while traveling on Company approved business.

Disability Insurance

Foamex provides short-term disability for up to six months for a non-work related illness or injury. Salaried employees can purchase long-term disability coverage to provide income continuation beyond the first six months of illness or injury.

Flexible Spending Accounts

Foamex allows you to place pre-tax dollars in a medical reimbursement account for non-covered medical expenses or in a dependent care reimbursement account for eligible childcare or eldercare expenses.

Educational Assistance

Tuition reimbursement is available for courses you complete with a grade of “C” or better. The maximum number of courses covered per semester is 3. Tuition for work-related courses is reimbursed at 100% and tuition for other qualifying courses is reimbursed at 66 2/3%. Only courses towards a degree program related to career opportunities at Foamex will be approved.

Time-Off

Foamex provides paid vacations, holidays, and personal days for eligible employees.

401(k) Savings Plan

The Foamex 401(k) Savings Plan, administered through Fidelity Investments, allows you to contribute up to 20% of your pay on a pre-tax basis through payroll deductions. Foamex matches 100% on the first 3% of deferred pay, and an additional 50% on the next 2% of deferred pay. All matching contributions are immediately vested.

This summary is not meant to be a comprehensive explanation of the benefits. If any discrepancies arise between this summary and the official plan documents, insurance contracts, or established personnel policies, the official plan documents, insurance contracts, and established personnel policies will govern.