My Medical Benefits
Eligibility:
You are eligible for benefits if you are a full-time employee working 30 hours a week. You may also enroll your eligible dependents in the medical, dental, vision, and optional life plans. Eligible dependents are:
▪ Your legal spouse
▪ Your Children up to age 26
▪ Your mentally or physically disabled children over 26
Your coverage becomes effective on the first day of the month coinciding with your date of hire. If you do not enroll for benefits within 31 days of becoming eligible, you will have to wait until the next open enrollment.
My Dental Benefits
Eligibility:
You are eligible for benefits if you are a full-time employee working 30 hours a week. You may also enroll your eligible dependents in the medical, dental, vision, and optional life plans. Eligible dependents are:
▪ Your legal spouse
▪ Your children up to age 26
▪ Your mentally or physically disabled children over 26
Your coverage becomes effective on the first day of the month coinciding with your date of hire. If you do not enroll for benefits within 31 days of becoming eligible, you will have to wait until the next open enrollment.
My Vision Benefits
Eligibility:
You are eligible for benefits if you are a full-time employee working 30 hours a week. You may also enroll your eligible dependents in the medical, dental, vision, and optional life plans. Eligible dependents are:
▪ Your legal spouse
▪ Your children up to age 26
▪ Your mentally or physically disabled children over 26
Your coverage becomes effective on the first day of the month coinciding with your date of hire. If you do not enroll for benefits within 31 days of becoming eligible, you will have to wait until the next open enrollment.
My Group Life Benefits
Eligibility:
You are eligible for benefits if you are a full-time employee working 30 hours a week.
Your coverage becomes effective on the first day of the month coinciding with your date of hire. If you do not enroll for benefits within 31 days of becoming eligible, you will have to wait until the next open enrollment.
My Voluntary Life Benefits
Eligibility:
All full-time employees who work at least thirty (30) hours per week are eligible for Voluntary Life coverage. Your coverage becomes effective on the first day of the month coinciding with your date of hire. If you do not enroll for benefits within 31 days of becoming eligible, you will have to wait until the next open enrollment.
My Long Term Disability Benefits
Eligibility:
All full-time employees who work at least thirty (30) hours per week are eligible for medical coverage. Your coverage becomes effective on the first day of the month coinciding with your date of hire. If you do not enroll for benefits within 31 days of becoming eligible, you will have to wait until the next open enrollment.
My Retirement Benefits
Eligibility:
All full-time and part-time employees are eligible for retirement coverage the first day of the month following 60 days of continuous employment.
New Hire Automatic Enrollment
To get your retirement savings off to a good start, Sonsray will automatically enroll you in the 401(k) plan at a contribution rate of 7% of your annual salary. If you want to opt out of the automatic enrollment, please contact Human Resources.
You may make your contributions using one or both of these plan options:
- Traditional 401(k) Plan: If you choose this option, you will fund your account with before-tax contributions. That means your contributions will be deducted from your paycheck before taxes are taken out. You will not have to pay taxes on this money or on your account’s investment earnings until you withdraw your funds at retirement.
- Roth 401(k) Plan: If you choose this option, your contributions will be deducted from your paycheck after taxes are taken out, so you will not get the immediate tax savings you get with the traditional 401(k) plan. However, when you take your money out at retirement, it will be tax-free, this includes both your original contributions and the investment earnings that may have accumulated over the years.
Your Savings
You may save any whole percentage of your annual salary in the plan, up to the maximum contribution allowed by the Internal Revenue Service. For the 2018 calendar year, the maximum contribution is $18,500. Participants age 50 or older are allowed to make an additional “catch-up” contribution of up to $6,000.
Sonsray Contributions
To help your retirement savings grow faster, Sonsray will match 50% of your base salary you save in the plan, up to 5%. That means if you save at least 5% of your pay in the plan, Sonsray will contribute another 2.5% on your behalf. The match will begin in your second year of employment.