2020 Benefits Information for eCommerce Associates Leaving Walmart - Walmart One
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2020 Benefits Information for eCommerce
Associates Leaving Walmart
Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Medical, dental, Coverage for yourself and your You and/or your eligible Generally within 30 days of your If you don’t elect COBRA If you have a Health Savings
and vision dependent(s) ends on your last dependent(s) may be able to termination of employment, coverage within the 60-day Account you can keep it, but
day of employment. continue your medical, dental, and Walmart will notify WageWorks, eligibility period, you’ll lose the you’ll have to pay the monthly
vision coverage through COBRA, the Plan’s COBRA administrator, right to elect COBRA coverage. account fee. If you don’t wish
However, you may be able to
at your own expense, if you: of your right to elect COBRA You may cancel COBRA coverage to maintain it, you can close
continue coverage under COBRA
continuation coverage. at any time by ceasing to pay your account by contacting
for you and/or your dependents. • Have coverage on your last
the premiums. HealthEquity, the Health Savings
day of employment at Walmart WageWorks will mail you a
In addition to COBRA, you may Account custodian, at
(or last day prior to a leave of COBRA notice and election form Note that conditions and
want to visit HealthCare.gov to 866-296-2860. Keep in mind that
absence if you don’t return to within 14 days after they receive restrictions apply to COBRA
learn about the medical plans if you’re under 65, you’ll have to
work), and notification of your termination. continuation coverage. For more
available in your state through the pay taxes and a penalty on any
If you don’t receive the notice, information, see the 2020 Associate
Affordable Care Act. Assorted • Want to keep the same account funds paid out to you.
call WageWorks at 800-570-1863. Benefits Book.
plans may be available to you at coverage you currently have.
different costs. Depending on To elect COBRA continuation Contact WageWorks at
Government regulations and your
your income, you may be eligible coverage, return the completed 800-570-1863 or visit
individual circumstances determine
for a government subsidy. form to WageWorks within 60 MyBenefits.WageWorks.com
the length of time you’re eligible
days of the date of the notice.
for COBRA coverage. If you have a Health Savings
If you make this election and
Account, the funds in your
If your COBRA coverage is pay the required premiums,
account belong to you, but all
HMO coverage, you may be able COBRA coverage will be
fees associated with your account
to convert your coverage to effective on the day after your
will become your responsibility
an individual policy when your Walmart coverage would end.
after you leave the company.
COBRA coverage ends. Contact See the 2020 Associate Benefits
your HMO for details. Book for more information. Contact HealthEquity, the Health
Savings Account custodian at
866-296-2860.
Critical illness Coverage for yourself and your To continue coverage, you must Call Allstate at 800-514-9525 and To continue coverage, contact None
insurance dependent(s) will end on your last notify Allstate of your intent to ask to continue your coverage. Allstate and send your first
and accident day of employment. However, you continue coverage. premium payment within 60 days
insurance can continue critical illness and/ of the date of your termination
or accident insurance coverage of employment.
directly through Allstate.
Your premiums are due in advance
of each month’s coverage, on the
first day of the calendar month.
Allstate will bill you directly.
2020 Benefits Information for eCommerce Associates Leaving Walmart
1
©2020 Walmart Inc.Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Company-paid Coverage for yourself and your In most circumstances, if A notice of your life insurance You have 31 days from your None
life, optional dependent(s) will end on your last your group life coverage ends, options will be mailed to your termination date to request
life, and day of employment. you have options to continue home within three weeks of your to continue your coverage. If
dependent life your coverage. termination of employment. Be you work in Minnesota, some
sure Walmart has your correct exceptions may apply. See the
home address on file. 2020 Associate Benefits Book for
more details.
If you don’t receive the notice
within three weeks of your
termination of employment, call
Prudential at 877-740-2116.
Short-term Coverage will end on your last day If you are an hourly associate, If an hourly full-time associate N/A N/A
Disability of employment. short-term disability benefit has an open claim with Sedgwick/
payments may continue until: Lincoln, they should continue to
work with them for any ongoing
• The date you are no longer
claim needs.
totally disabled
• The date you fail to furnish
the required proof that you
are totally disabled when
requested to do so by Sedgwick
or by Lincoln
• The date you are no longer
under the continuous care and
treatment of a qualified doctor
• The date you refuse to be
examined, if Sedgwick or
Lincoln requires an examination
• The last day of the maximum
period for which benefits are
payable (end of 25 weeks), or
• The date of your death
2020 Benefits Information for eCommerce Associates Leaving Walmart
2
©2020 Walmart Inc.Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Long-term Coverage will end on your last day If you are receiving LTD benefit If an associate has an open N/A N/A
Disability (LTD) of employment. payments due to an approved claim with Lincoln, they should
disability, your benefit payments continue to work with them for
may continue until: any ongoing claim needs.
• The date you fail to furnish
proof of continued disability
and regular attendance of
a doctor
• The date you fail to cooperate
in the administration of your
claim. For example: providing
information or documents
needed to determine whether
benefits are payable and/or
determining the
benefit amount
• The date you refuse to be
examined or evaluated at
reasonable intervals
• The date you refuse to receive
appropriate available treatment
• The date you are able to work
in your own occupation on a
part-time basis but choose
not to
• The date your partial disability
monthly earnings exceed 80%
of your indexed pre-disability
earnings
• The date you no longer meet
the plan’s definition of disabled
• The last day of the maximum
period for which benefits are
payable, or
• The date of your death
Associate Stock Your Associate Stock Purchase If you have an Associate Stock Manage your account at You may keep your account open Payouts will occur based on
Purchase Plan Plan account will remain open Purchase Plan account, you can: Computershare.com/Walmart. as long as you want. your instructions.
until you decide to close it.
• Keep your account open and If you have questions, call However, an annual maintenance You can avoid additional fees
However, your account will make voluntary cash purchases 800-438-6278. fee of $35 will be charged to your if you wait to complete the
be closed automatically if you with no broker’s fee; account after you leave Walmart. transaction until you receive
terminate employment and there This fee will automatically be your final paycheck.
• Close your account and receive
are no shares or fractional shares deducted from your account
all full shares in certificate
in your account. through the sale of an appropriate
form and a check for any
portion of a share of stock to
partial share ownership; or
cover the fee.
• Close your account and sell all
the shares in your account.
2020 Benefits Information for eCommerce Associates Leaving Walmart
3
©2020 Walmart Inc.Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Paid Time Off PTO accrual (if applicable) ends PTO (if applicable) ends when you N/A N/A Hourly associates: The paid time
(PTO) on your last day of employment. terminate employment. off you’ve earned but haven’t
used will be paid out to you
provided you’ve been with the
company for at least one year.
Unless required by state law,
associates with less than one year
of service won’t receive a payout
at termination.
Salaried associates on the
FlexPTO Plan: Paid time off isn’t
earned. No amount of FlexPTO
pays out upon termination
regardless of how much PTO was
taken prior to termination day.
Salaried associates on the
National PTO Plan: You accrue
and earn a portion of the Grant
you received on Feb. 1 on the
first day of each month worked
as described in the policy. Up to
five days of PTO you’ve earned
but haven’t used will be paid out
to you provided you’ve been with
the company for at least one
year, unless otherwise required
by state law. If you’ve used more
PTO than you’ve earned, you
won’t be asked to repay
any overuse.
See the policies on
One.Walmart.com for
more information.
Resources for Your Resources for Living benefit If you become eligible for You don’t need to enroll. None N/A
Living remains available to you and your COBRA coverage, your access
family for 18 months after your to Resources for Living will
last day with Walmart at no cost continue automatically for up to
to you. However, if you enroll for 18 months, even if you choose
COBRA coverage the benefit not to enroll for COBRA.
will be available throughout the
COBRA period.
2020 Benefits Information for eCommerce Associates Leaving Walmart
4
©2020 Walmart Inc.Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Walmart You’ll no longer be able to You may not continue You may elect to receive a If you haven’t received any You’ll be able to receive a full
401(k) Plan contribute in the Walmart 401(k) participation in the 401(k) Plan payout as early as 30 days after information regarding your payout 30 days after your
Plan after your separation from after your termination, but your your termination is entered into payout within 30 days of your termination is entered into
the company. account will stay in the Plan until Walmart’s payroll system. termination date, call the Plan’s Walmart’s payroll system. You’ll
you receive a payout of your total Customer Service Center at automatically receive a payout if:
You’ll continue to receive a match A notice will be mailed to your
vested Plan balance. 888-968-4015.
through your last paycheck if home address on file to inform • Your total 401(k) Plan Account
you’re contributing. You’re entitled to receive a you of what options you have for If you leave Walmart with an balances are $1,000 or less, or
payout of your total balance in payment. Be sure Walmart has outstanding loan, you must repay
Your account in the 401(k) Plan • You’re over age 70, regardless
the Walmart 401(k) Plan Account, your correct home address in the entire loan by the last day of
will continue to be credited of the amount of your total
including: any of the following, the system. the calendar quarter following the
with earnings or losses until vested Plan balance.
subject to earnings and losses: quarter in which the last payment
you receive a total payout of
was due (or before the date your If your total vested Plan
your account. • Contributions you made,
account is distributed, if earlier). Account balances are greater
including rollovers
If your final pay is processed than $1,000, you can delay
and paid prior to the end of a • Company matching payment until any date up to
normal pay cycle, the final wages contributions to your age 70, but you’ll be charged an
will count toward your match 401(k) Account annual maintenance fee.
eligibility, but won’t be eligible for
• Company matching to your You may request a payout in the
the voluntary 401(k) withholdings,
Profit Sharing Account form of:
unless it’s administratively
practicable to withhold the 401(k) Call the Plan’s Customer Service • A check
contribution from the final pay. Center at 888-968-4015 or
• Walmart stock (if applicable)
go to Benefits.ml.com for
If it’s administratively • A rollover to another
more information.
impracticable to withhold the employer plan
401(k) contribution from the
final pay, once the pay cycle • A rollover to an Individual
following your separation Retirement Account (IRA)
date closes and true-up of the Talk with your tax advisor to
estimated withholdings occurs, understand how any type of
you’ll receive a separate check payout could affect your
refunding any estimated 401(k) tax situation.
deductions. If you’re expecting
a refund of the estimated
401(k) deduction from your final
paycheck, please reach out to
askhrsuppt@walmart.com to
confirm your mailing
address information.
2020 Benefits Information for eCommerce Associates Leaving Walmart
5
©2020 Walmart Inc.Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Walmart Your Associate Discount Card You may qualify for a long-term If you’re eligible for a long-term Any misuse or abuse of the discount N/A
Associate privilege will end on your last day service Associate Discount service discount, no action is privilege could result in loss of
Discount Card of employment. Associates who Card if: needed after you leave Walmart. the Associate Discount Card.
are long-term service eligible will Your discount card will automatically
• You weren’t terminated for To report a change of address
automatically convert to an LTS convert to an LTS card.
cause; and or marital status, contact People
(long-term service) card. There’s
For questions on the LTS card, Services at 800-421-1362.
no need to apply. You’ll also need • You’re at least 55 years of age
please call People Services at Failure to notify People Services
to keep your current discount and have 15 years or more
800-421-1362. regarding one of these
card, as it will remain active. of continuous service with
changes may result in loss
the company, or you have
of your Associate Discount
a minimum of 20 years of
Card privilege.
continuous service at any age.
If an LTS associate needs a
In the event of your death, your
replacement card or to report
spouse may be eligible for their
their card lost/stolen, they should
own Associate Discount Card for
call People Services.
one year. If you were long-term
service eligible at the time of For NJ residents: please note
your death, then your spouse may the amount you save by using
be eligible for a lifetime discount your associate discount will be
card. Your spouse will need to considered taxable income.
contact People Services to apply.
2020 Benefits Information for eCommerce Associates Leaving Walmart
6
©2020 Walmart Inc.Coverage When your benefit ends Eligibility to continue coverage Next steps Important dates and information Possible payouts
Commuter These benefits are offered Eligibility ends when Eligibility ends when Transit Card Plan: You have 90 All plans: IRS rules prohibit
Benefits exclusively to you as an associate employment terminates. employment terminates. days from termination to use employers from returning pretax
working in an urban market. remaining balances on your card. deductions to employees.
Call WageWorks at 877-924-3967
They’ll no longer be available to
or visit WageWorks.com/Walmart Transit Pass Plan: Upon receipt Transit Card & Transit Pass:
you if you leave Walmart.
for details on using your funds. of the termination date from After the 90-day run-out, any
your employer, any open orders post-tax balances in your account
in your account are automatically will be returned to you by check
canceled. You have 90 days from or direct deposit. Any pretax
your termination date to spend balances will be removed and
the remaining Transit Account cannot be refunded to you.
balance. Once your account is
Transit Pass Plan: After the
depleted, you’ll not be able to add
90-day run-out, any post-tax
any more post-tax funds or place
balances in your account will be
any future orders.
returned to you; pretax funds
Parking Account Plan: Upon aren’t refundable.
receipt of the termination date
Parking Card: Any post-tax
from your employer, any open
funds added to the card will be
orders in your account are
refunded to you; pretax funds
automatically canceled and your
aren’t refundable.
account is closed.
Parking PayMeBack: You’ll
Parking Card: The card is
forfeit all unclaimed pretax funds
deactivated on the termination
and they’ll be returned to your
date, new purchases cannot be
employer. Be sure to check the
made and remaining balances
deadline for each benefit month
are removed.
on the PayMeBack Account
Parking PayMeBack: You have six Activity page for this account.
months following the end of the
benefit month to file claims to be
reimbursed from your PayMeBack
account for expenses incurred
prior to your termination.
2020 Benefits Information for eCommerce Associates Leaving Walmart
7
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