Full-time employees working 25 hours or more per week and their dependents are eligible for benefits on the first day of the month following 30 days of employment. Employees must be 21 years of age or older to enroll in the 401(k) plan.
Eligible dependents include:
- Your legal spouse or your same/opposite-sex domestic partner
- Children up to age 26
The choices you make when you first become eligible or during each annual election period will remain in effect for the remainder of the plan year. Once you are enrolled, you must wait until the next annual election period to change your benefits or add/remove coverage for dependents, unless you have a qualifying life event as defined by the IRS.
Examples include, but are not limited to, the following:
- Marriage, divorce, legal separation, dissolution of domestic partnership
- Birth or adoption of a child
- Death of your spouse or dependent
- Change in your spouse or domestic partner’s work status that affects his or her benefits
- Change in residence or work status which effects your eligibility for coverage
- Change in your child’s eligibility for benefits or receiving a qualified medical child support order
Note: You have 30 days from the life event date to make changes to your coverage by reporting your requested changes along with the supporting documentation of the life event to Human Resources.