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Headquarters:
555 Papermill Road
Newark, DE 19711
Employees: 6,000
CEO: Chuck Carroll
Privately held
Website:
http://www.gore.com
Career Site
W.L. Gore & Associates is a leading
manufacturer of thousands of advanced technology products for
the electronics, industrial, fabrics and medical markets.
The company is best known for its Gore-Tex
fiber jackets and Elixir strings
for guitars. It also makes electronic components, filtration
systems, surgical products and sealants.
W.L. Gore has approximately 6,000 associates
in 45 locations around the world. Annual revenues are over $1.5
billion.
The company has been named one of The Best
Companies to Work For eight consecutive years.
History
The company was founded January 1, 1958,
in Newark, DE, by Wilbert L. (Bill) and Genevieve (Vieve) Gore
in the basement of their home. Gore set out to explore opportunities
for fluorocarbon polymers, especially polytetrafluoroethylene
(PTFE). Within the first 12 years, Gore had wire and cables on
the moon and operations worldwide.
Gore-Tex fiber was first manufactured in
1972. The Elixir guitar strings line is introduced in 1997.
Benefits
Core Benefits - These basic plans and services are provided
to all eligible associates. Gore assumes the costs of core benefits.
ASOP - The Associate Stock Ownership Plan provides equity
ownership, and through this ownership provides financial security
for retirement. All associates have an opportunity to participate
in the growth of the company by acquiring ownership in it. Each
year Gore contributes up to 12% of pay to an account that purchases
Gore stock for associates with more than one year of service.
Associates have ownership of the account after five years of
service, when they become 100% vested.
Gore 401(k) Plan - The other piece of Gore's retirement
program is this tax-advantaged savings plan, which includes a
company-provided contribution of up to 3% of pay to associates'
personal investment accounts. Associates are eligible after one
month of service. (The plan also permits associate contributions.
See Flexible Benefits section.)
Vacation - Associates receive vacation as follows. Experienced
new hires may be eligible to receive vacation credits based on
vacation earned at their immediate prior employers.
Years of Service - Number of Vacation Days
Less Than 1 Year - 5
1-4 Years - 10
5-9 Years - 15
10-19 years - 20
20 years or More - 25
Holidays - Gore's holiday schedule includes 11 holidays
each year. New Year's Day, Good Friday, Memorial Day, Independence
Day, Labor Day, Thanksgiving, the day after Thanksgiving, and
Christmas are always among them.
Profit Sharing - Profits remaining after business requirements
are met are distributed among associates as profit sharing. Profit
shares are distributed when established financial goals are reached.
Pay Continuation - After three months of service, associates
are eligible for continuation of pay if unable to work due to
a non-job related illness or injury.
Basic Life Insurance - Each associate is given an amount
of life insurance and accidental death and dismemberment insurance
equal to his or her annual pay.
Travel Accident Insurance - While traveling on company
business, associates are insured for $200,000.
Social Security Pension - The Social Security pension
is funded by a payroll tax; associates and the company contribute
equally.
The ASSIST Program - Through the ASSIST Program, associates
and their family members have access to confidential short-term
counseling and referral services. The service is provided at
no cost to associates.
Gore Flex Dollars - Associates receive Gore Flex Dollars
to pay for their flexible benefits choices. Consistent
with our fairness principle, all eligible associates receive
the same amount in flex dollars. If the chosen coverage exceeds
the flex dollar amount, associates may use pre-tax dollars from
their pay. Flex dollars not used to purchase benefits are included
as taxable income in associates' paychecks.
Adoption Aid - Gore provides up to $5,000 for certain
adoption-related expenses. The benefit is available to associates
after one year of service.
Health Advocate - All associates benefit from this health
advocacy and assistance service. It offers help in finding primary
care physicians, identifying specialist physicians and medical
institutions, and solving claims, billing and related administrative
issues.
Flexible Benefits - Associates choose
benefits and coverage from a full range of plans to personalize
their benefits package.
Medical - Two preferred provider plans (PPOs) and a traditional
indemnity plan (with 80% coverage, a 20% associate copayment,
and $500 deductible per person) are available. HMOs are offered
in our larger locations.
Dental - A comprehensive dental plan includes varying
levels of coverage for preventative care, basic procedures, major
restorative care, and orthodontia.
Gore 401(k) Plan - In addition to the company contribution
to the 401(k) (see Core Benefit section), associates benefit
from the option of making their own pre-tax contributions of
up to 20% of pay. Associates are eligible to participate
after one month of service.
Spending Accounts - Associates may pay with pre-tax dollars
for health and dependent care expenses that are not covered by
other parts of the flexible benefits program. Examples of uses
for spending accounts are deductibles, co-payments and work-related
dependent care.
Supplemental Associate Life - In addition to basic life
insurance in the amount of pay, associates may choose supplemental
life insurance amounts of one to five times pay for a total of
up to six times pay.
Family Life - Three levels of family life insurance are
offered for spouses and dependent children.
Long-Term Disability - Continuing income at 60% of pay
is available if an associate is unable to work due to a disabling
injury or illness.
Personal Vacation Days - Associates may purchase extra
time off in the form of one to five personal vacation days per
year.
Eyewear Plan - The plan helps to cover the cost of eyeglasses
or contact lenses.
Updated November 18, 2005
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