Employer Paid Benefits
BASIC LIFE AND AD&D INSURANCE
Americhem provides basic life and AD&D insurance to all benefits-eligible employees AT NO COST.
If you die as a result of an accident, your beneficiary would receive both the life benefit and the AD&D benefit. Please be sure to keep your beneficiary designations up to date. Rates are age banded and benefits will reduce to 60% at age 70, 40% at age 75, and 30% at age 80. Once benefits reduce, you will not be eligible to increase the covered amount by increments or salary changes.
Class 1 (Executives, managers, and sales executives):
- Employee life benefit: 1.5x annual earnings up to a maximum of $300,000 ◦ Employee AD&D benefit: 3x annual earnings up to a maximum of $300,000
Class 2 (All other employees):
- Employee life benefit: 1.5x annual earnings up to a maximum of $150,000 ◦ Employee AD&D benefit: 3x annual earnings up to a maximum of $150,000
The value of company-paid basic life insurance in excess of $50,000 is subject to social security and Medicare taxes and will be reported on the employee’s annual W2 form.
Depending on your personal situation, basic life and AD&D insurance might not be enough coverage for your needs. To protect those who depend on you for financial security, you may want to purchase supplemental coverage.
DISABILITY BENEFITS
Disability insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
SHORT-TERM DISABILITY INSURANCE
Americhem automatically provides short-term disability (STD) insurance through Reliance Standard to all benefits-eligible employees AT NO COST. STD insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury. Benefits will be reduced by other income, including state-mandated STD plans.
- Benefit: Exempt: 100% of base weekly pay; non-exempt: 80% of base weekly pay
- Elimination period: 5 working days
- Benefit duration: Up to 26 weeks
LONG-TERM DISABILITY INSURANCE
Americhem automatically provides long-term disability (LTD) insurance through Reliance Standard to all benefits-eligible employees AT NO COST. LTD insurance is designed to help you meet your financial needs if your disability extends beyond the STD period.
- Benefit: 60% of base monthly pay up to monthly maximum
- Monthly benefit maximum: Class 1 (executives): $15,000; Class 2 (managers and sales employees): $10,000; Class 3 (all others): $5,000
- Elimination period: 180 days
- Benefit duration: Benefits duration will reduce based on the age schedule shown below
401(k) RETIREMENT SAVINGS PLAN
Americhem offers a 401(k) Retirement Savings Plan, which is administered by Fidelity.
Americhem provides you with a 401(k) retirement plan designed to help you build the asset base you will need to enjoy a financially secure retirement. Americhem makes a matching contribution dollar for dollar up to 3% of savings and then 50% on the next 2% of savings. If you are at least 19 years old and have completed three months of service, you will be automatically enrolled in the plan at a contribution rate of 5%. The payroll deduction will begin on the first paycheck following the pay period the enrollment begins. You may change or discontinue your contribution at any time directly through Fidelity.
The 401(k) plan allows you to elect how much salary you want to contribute (between 1% and 80% of your eligible pay up to the annual IRS limit) and direct the investment of your plan account, so you can tailor your own retirement package to meet your individual needs. There are many investment options that have a variety of growth and risk characteristics. You may allocate all of your contributions to one investment option or split them between any combination of options. Your contribution to a 401(k) is deducted from your pay before federal and state taxes are withheld, saving you tax dollars now while saving for your future.
You can access your account with Fidelity at 401k.com.
BEHAVIORAL HEALTH SUPPORT
If you are enrolled in a Cigna medical plan, EAP services are provided to you and your household members AT NO COST through Cigna.
The EAP provides:
- Up to six face-to-face sessions with a licensed mental health provider in Cigna's EAP network.
- Live chat with an Behavioral Health Support advocate.
- Access to legal services, including a 30-minute no-cost consultation with a network attorney for legal issues
with 25% off select fees if the network attorney is retained. - Access to financial services, such as 25% off tax preparation and a 30-minute complimentary phone consultation with a financial specialist.
- Access to identity theft support including a 60-minute consultation with a fraud resolution specialist who can help with what actions to take to recover from identity theft and how to protect against future risks.
No information is ever shared with Americhem.
Access your EAP by calling 877-622-4327 or log into mycigna.com.
ADDITIONAL BENEFITS
BEREAVEMENT SUPPORT SERVICES
As part of your basic life and AD&D coverage, you have access to end of life planning services through Reliance Standard.
Bereavement support services offer confidential and professional grief, financial, and legal counseling to help beneficiaries navigate every aspect of loss. Beneficiaries have unlimited access to counseling sessions via phone with a professional clinician. For assistance, call 855-775-4357.
TRAVEL ASSISTANCE
As part of your basic life and AD&D insurance, you have access to travel assistance services through Reliance Standard AT NO COST. This service is available 24 hours a day, 7 days a week when traveling domestically or internationally more than 100 miles away from home.
Services available include:
- Assistance with passport/visa requirements
- Immunization and vaccination information
- Worldwide emergency medical and repatriation services
- Return of dependent children or traveling companion
- Translation and interpretation services
- Assistance with lost or stolen items
- Legal counseling
- Local medical referrals, prescription assistance, and eyeglasses replacement
- Transportation of remains
Call 800-456-3893 to access travel assistance services.
IDENTITY THEFT PROTECTION
Americhem provides you with identity theft protection through Reliance Standard. Protection includes, dark web monitoring with safety alerts, identity restoration services should your identity be compromised, and lost wallet protection. Call 855-246-7347.
Open Enrollment Has Ended. If You Are A New Hire, Follow The Instructions Below To Enroll:
To enroll in benefits, log into workforcenow.adp.com/public/index.htm . Once logged into the portal, you will be automatically directed to the new hire enrollment wizard. You must complete the enrollment process regardless of whether you are electing or waiving coverage. Coverage begins and ends based on the plan rules.