Travel Guide to Onboarding Resources

JOB AID SPARQ & BENEFITS WALKTHROUGH

Eligibility for benefits may vary, but most benefits are effective the first of the month following date of hire. • Select the 401(k) Savings Plan blue button • Read about the retirement plan that the organization offers • Select the down arrow next to Company Match from the main list on the page to reveal information • The company will match up to 4.5% of an employee’s 401(k) contributions • The chart on the page shows that in order to get the full 4.5% match, the employee needs to contribute at least 6% of their pay each pay period • These company match contributions will start after the employee has one year of service (so this will start next year for the new hires) New employees can set up their 401(k) contributions on the Fidelity Net Benefits site (there is a link on the right side of this page, or also from Sparq > Employee Resources > 401(k) & ESPP | Fidelity). • Scroll down and select the down arrow next to Vesting from the main list on the page to reveal information • Vesting means the amount of the retirement plan that is fully yours. You are always 100% vested in any contribution you make, but there is a two-year rule that determines when you are vested in the company match portion of your account. After two years of service, you become 100% vested in any past or future company contributions to the 401(k) account • If employees are part of a newly acquired clinic, their tenure is grandfathered, so they may be automatically vested if they have worked at that clinic for more than two years

Exploring Health Insurance On any Benefits Site page, select Health and Insurance at the top of the page.

New employees have 30 days from date of hire to enroll in benefits. Benefits take effect the first of the month following their start date. Under the Health section of the page, select the Medical Plans blue button. Employees will find general information there about the various benefits plans and features. Employees can view the different plan offering and compare the benefits using this site. • Select Compare Plans Details and Premiums from the right side I Want To… links menu

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