Benefits Understanding the Total Reward

Things to Consider when Receiving an Offer Brandie Boucher, HR Manager Jackson Mill 2

Things to Consider when Receiving an Offer- Compensation Components 3

Benefits Medical, Dental, Vision, Prescription Life Insurance Disability, Short Term, Long Term 401K Vacation, PTO, Holidays Voluntary Benefits Tuition Reimbursement Other 4

Benefits- Types of Insurance Medical, Dental, Vision, Prescription High Deductible Plans/Health Savings Account (HSA) High deductible health plans (HDHPs) have much lower premiums but high deductibles, co insurance and out of pocket maximums.  In this model, the individual assumes all medical costs until the minimum deductible is met. Being covered by an HDHP is also a requirement for having a health savings account. Does the employer make any contributions to the account Stays with you PPO PPO plans allow you to visit whatever in-network physician or healthcare provider you wish without first requiring a referral from a primary care physician. 80/20, 70/30 FSA (Flexible Spending Account) Use it or loose it 5

Benefits- Types of Insurance Medical, Dental, Vision, Prescription Who is eligible and when? Working Spouse rule? When is Open Enrollment? Is there a waiting period? Are dependents eligible? What are the costs to you(premiums)? Are these deducted out of your paycheck, when, and how often? Wellness or non-tobacco user discount? 6

Benefits- Deductible Example 7

Benefits- 401K You are able to contribute on a tax deferred basis up to the statutory maximum limit ($18,500 for 2018, and if you are over age 50 you can also contribute an additional $6,000 as a catch-up contribution for a total of $24,500). These earnings include base salary, bonus, commissions, and certain incentive compensation arrangements. Questions to ask? Is there an employer match? When do you become vested in the contributions? Tax Savings by contributing 8

Benefits- Paid Time Off Vacation How many weeks? When does it become available does it roll over? Paid Time Off (PTO) Sick Leave? Holidays How many, when are they observed? Disability What is the coverage, when are you eligible, is there a waiting period? Short Term and Long Term? 9

Benefits- Other Incentive Bonus/Profit Sharing How is calculated? When is it paid out? Life Insurance Spouse and dependent life Insurance Voluntary Benefits Legal Aid Gap Medical (example: Aflac) Pet Insurance Tuition Reimbursement Company Phone Parking Pass Work Location Company Culture 10

Questions? Thank You! GO GREEN!! Brandie.Boucher@Gerdau.com 11