To learn more about various SRA benefit offerings, please visit the Benefits tab at the top of the page.
Paydays
Bi-weekly (every other Friday)
Eligibility
Spouse, Domestic Partner, Dependents. Children under the age of 26 and disabled children (parents are excluded).
Employees classified as interns working at least thirty (30) hours per week at Samsung
Research America, Inc. are eligible for the following health and welfare benefits under the
Plans:
• Medical/substance abuse/mental health benefits/HSA with myVCAP/Luminare plans.
• Prescription Drug benefits.
• Dental benefits.
• Vision benefits.
• Employee Assistance Program benefits.
Early Release Days & Holidays
Full-time employees and Interns have two scheduled early release days (1 p.m.) and 12 paid Company-observed holidays per year.
Paid Time Off Benefits & Development Days
Paid Time-Off (PTO) – Accrues at 20 days per year for 0 to 3 years of service (max accrual 240 hours); 25 days per year for 4 to 7 years of service (max accrual of 280 hours); 30 days per year for 7+ years of service (max accrual of 320 hours).
Development Days - Full-time employees have a quarterly development day that is dedicated to their personal and professional growth and development.
Parental Leave – eligible employees can take 6 weeks paid at 100% salary, no waiting period. Must be used within (1 year) 365 days of either birth or adoption of dependent child.
Paid Family Medical Care Leave – eligible employees can take 6 weeks, 100% paid by SRA (off-set by state benefits where applicable) for taking care of an ill family member.
Health Insurance Benefits
For more detail and additional information about various plans, please go to “Benefits” or “Contact” tab (on top).
Medical (Interns Eligible for myVirtualCare Plan only) - for employee/intern and dependents begin from the date of hire. SRA offers the choice of the following plans (All SRA medical plans provide infertility coverage. Please refer to plan document for more information.):
Supplemental Medical Coverage – paid for by SRA for Cigna HSA plan participants. Buy-Up coverage is available.
Dental (Interns Eligible for PPO) - SRA offers a Dental PPO plan and a Dental PPO Buy-Up plan through Cigna.
Vision (Interns Eligible) - Vision coverage for employee and dependents beginning from date of hire. SRA offers a Vision PPO plan through VSP.
Basic Life Insurance – This plan provides coverage equal to two times the employee’s annual base salary up to the maximum of $500,000. Spouse coverage of $10,000 and children coverage of $5,000. Coverage for employee/spouse/children is company paid.
Supplemental Life Insurance – Employee has the option of adding supplemental life insurance for him or herself, spouse and children through payroll deductions.
Accidental Death and Dismemberment (AD&D) – This company paid plan provides the same coverage as the Basic Life (two times base salary). Dismemberment benefits are based upon the severity of the injury (determined by Reliance Matrix). Spouse and children are not included in this plan.
Permanent Life Insurance with Long Term Care Benefits – This coverage is designed to protect an employee's loved ones and can also help cover the high costs of long term care services.
Business Travel Accident Coverage – Provides employees and interns with death or dismemberment coverage while traveling.
Short-Term Disability – Short-term disability (STD) provides up to 26 weeks at 100% of current salary. STD premium is paid by company.
Long-Term Disability – Following 180 days of short-term disability you may be eligible for long-term disability (LTD) coverage. 60% of monthly base up to $15,000. Prudential determines eligibility. LTD premium is paid by company.
Employee Purchase Program
Variety of Samsung products offered at discounted rates with FREE shipping at www.samsung.com and www.harmanaudio.com/samsung.
Emotional Health Benefits
Employee Assistance Program (EAP) from Lyra Health (Interns Eligible) – Get personalized emotional health care to help you feel your best. SRA covers 8 sessions per year with a Lyra therapist/coach for all household family members. Call 1-877-729-9010.
Sleepio + Daylight (Interns Eligible) – Science-backed digital therapies, personalized to your needs.
Enhanced Cigna Voluntary Benefits
We are pleased to offer enhanced coverage for Cigna Voluntary Accident, Critical Illness, and Hospital Indemnity for 2025.
Income Enhancement Program
401(k) Retirement/Savings Plan – Employees are eligible upon date of hire and and are auto-enrolled at 5% deferral rate for base salary. The company matches 100% of 5%. Company matched funds are vested on a 4 year schedule at 25% per year of employment. The maximum employee contribution for 2025 (per IRS) is $23,500 with catch-up contribution (for age 50 and above) up to $7,500. SRA offers pre-tax, after-tax (with in-plan Roth conversion) and Roth deferrals under Samsung 401(k) plan.
Health Savings Account (HSA) – Employees who are enrolled in our Cigna HSA plan are eligible to enroll in a Fidelity Health Savings Account (HSA). The account can be used to pay for qualified health care expenses on a tax-free basis, and includes a financial contribution from SRA. HSA limits for 2025 are $4,300 for individual coverage and $8,550 for family coverage.
Flexible Benefits Plan
Health Care Spending Account – Employees who enroll in this plan can deposit up to $3,300 of their annual pre-tax pay in a special account established for health care reimbursement. Money in the account can be withdrawn for qualified health care services not covered by medical benefits plan.
Dependent Care Spending Account – Employees who need to provide day-care for children or a dependent adult in order to work can enroll in this plan and deposit up to $5,000 of their annual pre-tax pay. Monies are deposited in a special account to reimburse themselves for qualified expenses such as daycare for children under age 13.
Commuter Benefits – These tax-free benefits can be used for workplace commuter expenses (trains, subways, buses, ferries, vanpools, and commuter parking) carried over from year to year as long as the employee remains enrolled in either plan.
- Transit – The maximum deduction is $325 per month during the plan year.
- Parking – The maximum deduction is $325 per month during the plan year.
Learn more or access your accounts at www.optumfinancial.com.
Legal Services & Identity Theft Protection
FamilyADVISOR with LegalGuard – Comprehensive legal assistance, telephone advice, and office consultations on many different legal services.
Norton LifeLock for Identity Theft Insurance – We are pleased to partner with Norton LifeLock to offer you comprehensive identity theft protection.
Donation Matching
Samsung will match up to $2,000 per year for charitable contributions.
Additional Benefits
EXOS - EXOS and SRA provides employees and interns with a Wellness Program that meets you where you are on your journey toward better health, wellness, and balance
Fitness Reimbursement – Remote Employees can receive up to $400 per year
SoFi @ Work (Interns Eligible) - Student loan refinancing
Benefits Extras (Interns Eligible) - National access to discounts for travel and entertainment
Backup Care – Adult and Child emergency back-up care provided by Bright Horizons
Mandated Benefits
Awards
NOTE: This website is intended to summarize the benefits you receive from SRA. The actual determination of your benefits is based solely on the plan documents provided by the carrier of each plan. This summary is not legally binding, is not a contract, and does not alter any original plan documents. For additional information, please contact mybenefitsteam@samsung.com.