Benefits
An employee can be rehired within this # of weeks in order for their previous health benefits to be reinstated with no waiting period
What is 12 weeks
Responsible for administering the ESOP and providing annual participant statements
Who is the third party administrator (TPA)
The number of work weeks an employee is entitled for basic family medical leave.
What is 12 work weeks.
The current maximum contribution amount for workers under age 50
$23,000
This form indicates an individual is eligible to work in the United States and is required for all employees
What is the I-9 Form
An employee is at the Dr. office and realizes they lost their BCBS Card. Who can they call for immediate assistance
BCBS Signature Service #
Name the two eligibility requirements in order to be eligible to enter into the ESOP plan
1) Complete 12 months of service
2) Work at least 1,000 hours
FMLA covers employees who have worked how many years and hours?
What is at least 12 months and 1,250 hours
The number of times an employees can change their deferral contributions per year
What is unlimited
I am hired as a Warehouse Specialist. What must I pass before being approved for this position
What is a Background Check
This is the day that employees become eligible for health benefits
What is the first day of the month, following 60 days of employment
Employees are 100% fully vested after how many years
What is 6 years
True or False, FMLA may be used to care for parents-in-law?
What is false.
Where to visit to see your 401k balance, match contributions, make deferral changes, use the financial planning tools, take out a loan, & more
What is https://www.ascensus.com/.
Non-Compete
Getting married, having a baby, losing health coverage are all considered what type of events
What is qualifying life events
This is the date the plan year ends
What is April 30th
When a Group A employee is approved for FMLA, PWI covers up to what dollar amount weekly for Medical, Dental, & Vision insurance repayments?
What is $100 per week
A special retirement account where you pay taxes on money going into your account and then all future withdrawals are tax free
What is a Roth
A new hire is automatically enrolled in the 401k plan at what %
2%
What is Employee Navigator
The longest number of years distribution can start after the end of the plan year, if you die, become disabled, or retire.
What is 1 year
If approved, this voluntary elected benefit starts payment on day 8 of the employee's leave and a check is mailed weekly.
What is short term disability
The maximum amount you can withdraw for a 401k loan
What is 50% of your vested account balance
A company's greatest asset
What is employees