Page 5 - 2022 SoFi - August Open Enrollment

Benefit Basics

SoFi offers a variety of benefits, perks, resources and tools so you can build your personal benefits in a way that
supports your health and financial security.

ELIGIBILITY

You are eligible to enroll in all employee benefits if you are a regular, full-time employee and consistently work
30 or more hours per week or 130 hours per month.
You may enroll eligible dependents including your legal spouse or Registered Domestic Partner* and children under
the age of 26, or children over the age of 26 who are disabled and/or incapable of self-support due to mental or
physical disabilities. Eligible children include a natural child, adopted child, the child of your spouse or Registered
Domestic Partner, or a child for whom you have been appointed as a legal guardian by a court of law or for whom the
Plan has received a Qualified Medical Child Support Order (QMCSO).
Important Note about Imputed Income: If you elect to enroll your Registered Domestic Partner and/or dependents
of a Registered Domestic Partner, please be aware the IRS considers SoFi’s contribution toward the cost of the
coverage as imputed income. Imputed income is taxable – that is, it increases your taxable gross income for federal
and state income taxes as well as for FICA (Social Security and Medicare) and taxes are withheld from your paycheck.
Please consult your tax advisor on the tax consequences of your benefit elections.
SoFi employees who are married/registered Domestic Partners, and/or parent/child(ren), may not double cover
each other for benefits.

You must provide date of birth and social security number along with proper verification of dependent eligibility.

WHEN COVERAGE BEGINS

Your medical, dental, vision, life insurance and FSA benefits elected during this Open Enrollment begin on
October 1, 2022 and remain in effect through December 31, 2022.

*SoFi’s health plans will only provide coverage to Registered Domestic Partners and the children of a Registered Domestic Partner. Employees
will need to contact their local city, county and state government to file a Domestic Partner Affidavit. Once you have completed the Registration,
employees will need to attest in the enrollment process that their enrolled dependents are Registered Domestic Partners and their children.

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