Health Savings Account – HSA Bank

• Starting January 1, 2025, HSA maximum contributions will increase to $4,300 for individual plans and $8,550 for family plans. The catch-up contribution amount for individuals aged 55 and older will remain $1,000.
• NEW: We are increasing the HSA employer match to $3 to $1 up to $3,000 annually.

Basic Life/Accidental Death - OneAmerica

• We will continue to provide all full-time employees with a $50,000 Basic Life and AD&D benefit.
• You are automatically enrolled in this benefit, so no action is needed.
• This benefit helps protect your loved ones if you die or are dismembered as a result of an accident.

Voluntary Life Insurance – OneAmerica

• We are offering the same voluntary life/AD&D insurance options through OneAmerica at the same rates. The employee weekly rates can be found here. The dependent weekly rates can be found here.
• Current Participants - you may increase your life/AD&D insurance amount by $10K or 10%, whichever is greater, without having to go through the underwriting process. Any increase greater than this will have to be approved by OneAmerica through the underwriting process (complete an Evidence of Insurability questionnaire).
• New Participants - you may enroll, but your election will have to be approved by OneAmerica through the underwriting process (complete an Evidence of Insurability questionnaire).
• All spouse new elections or increases will require your spouse to go through the underwriting approval process with the insurance company (complete an Evidence of Insurability questionnaire).

401(k) Plan – American Funds

• There are no plan design changes to the 401(k) plan in 2025.
• We will continue the same company-matching contributions in 2025.
• Once you become eligible to participate in the 401k plan, you may change, stop, or re-start your deferral election at any time.
• Annual employee 401(k) contribution limits for 2025 increased to $23,500. For participants ages 50 to 59, the additional "catch-up" contribution limit stayed the same at $7,500 for 2025; for participating individuals ages 60-63, the additional “catch-up” contribution limit is $11,250 for 2025.