Health Hub
Who is our health care provider?
Anthem
Who is our dental & vision provider?
Delta Dental (yes for vision too!)
Who is eligible for the company paid life insurance benefit?
Bonus: How much is the company paid life insurance benefit?
All full time employees, first of the month following 30 days.
BONUS: $10,000
What plans in our benefit package require a beneficiary designation?
All of them!
Company paid life (via Paylocity)
Voluntary life (via Paylocity)
401K Plan (via paper, provided when eligible)
How many paid holidays are in a calendar year?
Bonus: Is there a waiting period to receive holiday pay?
Paid holidays: 8 (recently added Christmas Eve & New Years Eve - 2024)
Waiting period is 30 days. (Paylocity will leave this blank)
Holiday schedule can always be found on Papyrs, main page, under important links.
Where does an employee go for personalized 24/7 health insurance information?
Within their Anthem account, online at Anthem.com or the Sydney Health app
or call the customer service number
Do you need a vision card when heading in for an appointment?
No, you will just give them your name!
Your team member was injured at work, now what?
Handle the care needs, capture the information from the employee(s), report to Tracy via email.
What is the current participation percentage of our team in our 401K?
Zuern: 79.8%
Industry average is: 55.5%
Where in Paylocity can you view an employee's available PTO?
Primary place is supervisor dashboard in time and labor.
And
Within an employee timecard, there is a Benefits Balance tab for viewing.
What is our plan year and when is open enrollment?
Plan year - January 1 - December 31st
Open Enrollment - November, open for 2 weeks.
Where do you get 24/7 personalized dental and vision benefit information?
Through a Delta Dental account (online or app) and EyeMed (online or app)
Or their customer service numbers
What benefits do we offer if an employee is injured outside of work, ill or pregnant?
Short Term Disability (STD)
Long Term Disability (LTD) or
Accident
How can you maximize the 401K company match?
Bonus: When is an employee eligible for this benefit?
Personally contributing 5%, which will lead to a 4% company match.
100% match on the first 3%, 50% on the next 2%
Personal deferral rate: 9.1% (industry average = 8.2%)
Eligible: 18 years or older, 500 hours within first 6 months of employment, allows you to enter the plan the following quarter.
When is unpaid PTO allowed?
Bonus: What is the maximum use of unpaid PTO?
You must use your PTO first, prior to requesting unpaid.
Unpaid PTO is to be used in special situations and unforeseen circumstances.
What is the relationship between a deductible, co-insurance, and an out-of-pocket max?
A deductible is satisfied prior to insurance covering any medical expenses.
Co-Insurance is the percentage of medical expenses you will be responsible for until out-of-pocket maximum is reached.
An out-of-pocket max is the max amount you will pay in an insurance plan year.
Tell me something about our orthodontics coverage.
It is only available for dependents up to age 19.
$1,000 life-time maximum, in network.
What is the difference between STD/LTD and the Accident Plan?
STD/LTD are income replacement plans.
- STD = 60% of you weekly earnings, after a 7 day waiting period. Up to 25 weeks.
- LTD = 60% of your total monthly earnings, following STD (after 25 weeks). Up to normal retirement age.
The Accident plan, is specific for an accident (car accident, injury, etc.), it is a lumpsum payout to cover expenses due to the accident (mileage, food, medical expenses, etc.) Paid directly to the employee to use as they need.
Does our 401K plan allow for loans?
No, it does not allow loans, but it allows hardship withdrawals.
Our PTO is accrued, what does this mean?
Employees gets their full allotment of PTO at the beginning of the year, January 1st.
If they leave the company and they used more then they accrued, the employee pays back the additional days used, but not earned.
If the employee has not used their accrued PTO, they will be paid for their remaining days, earned but not used.
Why can we offer an HSA (Health Savings Account)?
How does the dental benefit coverage differ from a medical benefit?
Dental will cover your first $1,000, an annual max, anything after, you are responsible for.
Medical is the opposite, you pay to the deducible, then insurance kicks in and covers any costs after the deductible.
What does it mean that our company paid & voluntary life insurance policy includes an AD&D provision?
AD&D means Accidental Death and Dismemberment
This coverage provides an additional benefit if the death is caused by an accident. It can also pay a benefit if the employee suffers certain serious injuries from an accident, such as the loss of a limb, eyesight, hearing, or paralysis.
In short: Life Insurance = covers death.
AD&D provision = extra payout if death or injury is due to an accident.
What are the parameters to be eligible for profit sharing?
Bonus: What is the profit sharing vesting schedule?
Parameters:
Must be 18 years of age, be eligible for the 401K plan, and work 1000+ hours in the calendar year.
The Vesting Schedule:
Year 1 = 10%
Year 2 = 20%
Year 3+ = 20% each year until 6 years
Why would an employee use FMLA?
Reasons: Personal serious health condition, to care for a family member (spouse, child or parent), birth and bonding of a child (mother or father), placement and boding for adoption or foster care (mother or father), and military purposes.
- Available after 1 year and 1250 hours worked.
- Does need to be requested.