Page 11 - 2020 Stein Mart Benefit Guide SM
P. 11
WELL-BEING PROGRAM
2020 Incentive
To qualify for the 2020 incentive, you must have completed the requirements before November 1, 2019. The way you
receive your incentive money depends on your plan election.
Traditional Plan Health Savings Plan
Those enrolled in the Traditional Plan will receive Those enrolled in the Health Savings Plan will
an automatic medical premium reduction on receive quarterly employer contributions into
each paycheck. the associates Health Savings Account.
Deposits will be made on January 1, April 1, July
Associate Completion - An automatic medical 1 and October 1.
premium reduction of $11.54 per check for weekly
paid associates and $25 for semi monthly paid Associate Completion - Quarterly Employer
associates. HSA Contributions of $150.
Associate and Spouse Completion - An
automatic medical premium reduction of $23.08 Associate and Spouse Completion - Quarterly
Employer HSA Contribution of $300.
per check for weekly paid associates and $50 per
check for semi monhtly paid associates.
2021 Incentive
Please keep an eye out for future communications on what needs to be completed during 2020 in order to qualify
for the incentive in 2021.
Assistant Store Managers, Asset Protection and Loss 9
Prevention and Semi-Monthly Associates For 2020 Benefits
2020 Incentive
To qualify for the 2020 incentive, you must have completed the requirements before November 1, 2019. The way you
receive your incentive money depends on your plan election.
Traditional Plan Health Savings Plan
Those enrolled in the Traditional Plan will receive Those enrolled in the Health Savings Plan will
an automatic medical premium reduction on receive quarterly employer contributions into
each paycheck. the associates Health Savings Account.
Deposits will be made on January 1, April 1, July
Associate Completion - An automatic medical 1 and October 1.
premium reduction of $11.54 per check for weekly
paid associates and $25 for semi monthly paid Associate Completion - Quarterly Employer
associates. HSA Contributions of $150.
Associate and Spouse Completion - An
automatic medical premium reduction of $23.08 Associate and Spouse Completion - Quarterly
Employer HSA Contribution of $300.
per check for weekly paid associates and $50 per
check for semi monhtly paid associates.
2021 Incentive
Please keep an eye out for future communications on what needs to be completed during 2020 in order to qualify
for the incentive in 2021.
Assistant Store Managers, Asset Protection and Loss 9
Prevention and Semi-Monthly Associates For 2020 Benefits
