Page 34 - OpenX 2022 Book of Benefits
P. 34
WEALTH CARE
Your salary is just the beginning of the financial benefits of working at
OpenX. Immediately after you start, you’re eligible for a 401K match and
much, much more.
TERMS YOU SHOULD KNOW:
401(k): A retirement pre-tax savings plan offered by an employer. (The name actually comes from
the tax code that defines it!)
Roth 401(k): A retirement post-tax savings plan offered by an employer. You pay the tax now instead
of when you take a distribution.
Company match: The percentage of your own contribution that OpenX adds to your savings.
Evidence of Insurability (EOI): Refers to you or your dependent’s record of good health, and it shows
that you are insurable with voluntary life insurance coverage.
Guaranteed Issue: Guaranteed Issue is an amount that you may be able to purchase coverage for
without medical exams or health questions often required for EOI.
WEALTH CARE | 31
