Wages includes compensation paid to the employee in the form of legal tender of the United States and checks on banks convertible into cash on demand and includes the reasonable cost to the employer that furnishes the employee board or lodging. Wages also includes compensation paid through a direct deposit system, automated teller machine card, or other means of electronic transfer as long as the employee can either make an initial withdrawal of the entire net pay without additional cost to the employee or the employee can choose another means of payment that involves no additional cost to the employee. Whenever a person ceases to be employed because of the insolvency of his or her employer, if the employee claims that the employer still owes wages earned but not yet paid, the term “wages earned” will include all fringe benefits earned by the employee that were considered in the employment contract, including plans for retirement, insurance, health care, and vacations (ME Rev. Stat. Tit. 26 Sec. 629-A,Sec. 663 ).