SHOP YOUR BENEFITS STYLE - 2022 Benefits Guide
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2022 Benefits Guide
SHOP YOUR BENEFITS STYLE
WHAT’S INSIDE
1 SHOP YOUR BENEFITS STYLE
2 STEPS FOR ENROLLING
4 BENEFIT OVERVIEW
6 WHAT YOU CAN EXPECT IN 2022
7 MEDICAL PLAN HIGHLIGHTS
10 HOW THE HEALTH SAVINGS ACCOUNT (HSA) WORKS
12 OTHER MEDICAL BENEFITS
14 WELLBEING
15 PRESCRIPTION DRUG COVERAGE
17 ACCIDENT, HOSPITAL INDEMNITY AND CRITICAL ILLNESS INSURANCE
19 DENTAL COVERAGE
20 VISION COVERAGE
21 LIFE AND AD&D INSURANCE
23 DISABILITY INSURANCE This is an informational booklet
and is not intended as an
24 DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT (FSA) offer of employment or to set
forth the terms and conditions
25 EMPLOYEE ASSISTANCE PROGRAM (EAP) SERVICES of employment in any way.
It is also not a guarantee of
25 MILK STORK benefits. You should take the
time to read this information
26 OTHER VOLUNTARY BENEFITS and share it with your family.
This guide is intended to be
27 INVEST IN YOUR FUTURE WITH THE 401(K) SAVINGS PLAN
complete and accurate, but if
there is any conflict between
29 PAID TIME OFF
this guide and the “Belk Benefit
Plans,” the provisions of the
30 IMPORTANT INFORMATION FOR PART-TIME ASSOCIATES
“Plans” will prevail.
31 MEMBER SERVICES INFORMATION
32 2022 HEALTH PLAN NOTICES
SHOP YOUR BENEFITS STYLE
Associates,
Belk cares about our associates’ physical, mental, and financial wellbeing, and we’re committed to providing high-quality benefit programs
to give you and your family peace of mind. Open Enrollment for 2022 benefits is happening from October 18 – November 1, 2021, and
this is your annual opportunity to review or update your benefit choices for the coming year. In 2022, we’re pleased to offer the same great
medical, dental, and vision coverage – plus a variety of other benefits – without increases to premium rates or deductibles. In addition,
Belk will continue to help you save for the future by matching your contributions to your 401(k) account and Health Savings Account (HSA).
Open Enrollment is a good opportunity to review how you’ve used your benefits in the past and learn what’s new for 2022. That way, you
can decide if you want to make adjustments to your coverage. If your current benefit elections are working well for you, that’s great – your
current elections will automatically carry over to 2022. You only need to take action during Open Enrollment if you want to change or add to
your coverage, or if you want to contribute to your Health Savings Account (HSA) or Dependent Care Flexible Spending Account (FSA).
As you prepare for Open Enrollment, I encourage you to visit mybelkbenefits.com and stop by our Virtual Benefits Fair to learn more
about the plans available to you. As always, please reach out to our Human Resources team if you have any questions about your benefits.
Thank you for being a valuable member of the Belk team,
Leslie Riggs
Human Resources
| 1
2022 Open Enrollment is October 18 – November 1, 2021.
STEPS FOR ENROLLING
You decide what’s best for you and your family in the coming year with Belk's benefit programs. By using this guide and your online resources, you’ll be
ready when it’s time to enroll.
This year, your benefit elections from 2021 will carry over to 2022 – your coverage will not change – unless you make changes through Workday during
Open Enrollment. The exceptions are Health Savings Account (HSA) and Dependent Care Flexible Spending Account (FSA) contributions; you need to
re-enroll for these programs each year. To change or enroll in benefits, especially if you want to participate in the HSA or Dependent Care FSA in
2022, you must take action in Workday.
Your Steps to Enroll
1. Review the different medical plans, insurance options and supplemental benefits in this Guide.
2. Make plans to attend our Virtual Benefits Fair to learn about your 2022 benefit choices at virtualfairhub.com/belk beginning October 4, 2021.
3. To enroll or change your benefits, log in to Workday beginning October 18 where you’ll find an Open Enrollment task in your Inbox:
● Click Enroll Now and make your elections before 11:59 pm EST on November 1, 2021.
● Click Submit to complete your enrollment.
● Look for a confirmation statement once you have submitted your enrollment elections, and make sure to print and/or save it for your records.
Your benefit elections will take effect on January 1, 2022.
Be sure to make your elections from October 18 - November 1, 2021. If you need help enrolling, contact HR Shared Services at 1-800-588-3700 or email
HRSharedServices@Belk.com.
If you and/or your dependents have Medicare, or will become eligible for Medicare in the next 12 months, a Federal law gives you more choices about your
prescription drug coverage. Please see page 32 for more details.
| 2
Do I Need to Enroll?
This year, most of your current benefit elections will automatically carry over to 2022. The only benefits
that won’t carry over are Health Savings Account (HSA) and Dependent Care Flexible Spending NEW TO BELK?
Account (FSA) contributions – you’ll need to enroll in these plans each year. Open Enrollment is your
chance to make changes if you want to update or add to your current benefit coverage. If you are a new associate, remember to enroll
in your benefits within 31 days of your date of
Take action through Workday if you want to: hire. Your next opportunity to enroll will be Open
● Enroll in or change your medical, dental or vision plans, add or remove dependents, or obtain Enrollment, or as a result of a qualifying life event
coverage as a new associate as long as it is reported within 31 days of the event.
● Contribute to an HSA or Dependent Care FSA as your 2021 election will not carry over
● Enroll in or change your Supplemental Life, Supplemental AD&D or Long-Term Disability Insurance
● Enroll in or change Accident, Critical Illness or Hospital Indemnity Insurance
● Enroll in or change your Legal plan
What Will Happen If You Don't Enroll:
● You and your dependents will keep the same coverage from 2021
● Your HSA contributions will not continue in 2022; you must re-enroll each year
MORE INFO
● You will not be able to participate in the Dependent Care FSA in 2022 Need help? Have questions?
Contact HR Shared Services
at 1-800-588-3700 or
HRSharedServices@Belk.com.
| 3
BENEFITS OVERVIEW
Benefits Available to Associates
Full-Time Associates Part-Time Associates
Medical Plan, Prescription Drug Coverage
Dental Plan
Vision Plan
401(k) Savings Plan
Health Savings Account
Dependent Care Flexible Spending Account
Rally Health, Quitline NC
Teladoc Telehealth
Healthline Blue Nurse Line
Livongo Diabetes and Hypertension Care
Accident, Hospital and Critical Illness Insurance
Disability Insurance
Basic Life and AD&D Insurance
Supplemental Life and Supplemental AD&D Insurance
Legal Plan
Auto, Home, Pet and Identity Theft Insurance
Maternity, Adoption and Parental Leave
Paid Time Off
Employee Assistance Program
Belk Deals and Discounts (Benefit Hub)
Business Travel Insurance
Milk Stork Travel Solution
| 4
Who You Can Cover Making Changes to Your Benefits During the Year
Who you cover with your benefits is an important decision. The benefits you choose during Open Enrollment remain in effect for the entire
plan year, January 1 to December 31, 2022. You may change your level of
You can cover:
coverage during the benefit plan year only if you have a qualified life event. You
must make coverage changes within 31 days of the qualifying event – and those
changes must be consistent with that event. Qualified life events include:
● Marriage or newly eligible domestic partnership
Associate Associate + Associate + Family 1
only spouse/domestic child(ren)1 ● Divorce, legal separation or termination of domestic partnership
partner
● Birth or adoption of an eligible child
Your eligible dependent(s) must be enrolled in the same plan option ● Death of your spouse or covered child
that you elect for yourself. However, you can choose different coverage ● Loss or addition of other group coverage
categories for each plan. For example, you may enroll your entire family ● Change in your spouse’s work status (part-time to full-time or vice versa;
in medical, yourself only in dental, and yourself and your spouse or
taking or returning from an unpaid leave of absence)
domestic partner in vision. Please note that Belk reserves the right to audit
dependent eligibility at any point during the year.
● Change in your work status that affects your benefits (part-time to full-time
or vice versa)
SPOUSE OR DOMESTIC PARTNER COVERAGE 2 ● You or your covered dependent become eligible for Medicare or Medicaid
As a reminder, if your spouse or domestic partner has access to medical ● Change in residence that affects your eligibility for coverage
coverage through their employer, they cannot be covered under Belk’s
medical plan. To add a domestic partner to your coverage, you will need to 1
You can cover your children, stepchildren and children of a domestic partner up to age 26. Physically or mentally
complete an enrollment form as well as the required affidavit available on disabled children/stepchildren not capable of self-support continue to be eligible beyond age 26.
www.mybelkbenefits.com. If your domestic partner is currently covered, 2
nder the Internal Revenue Code Section 152, benefits for domestic partners who are not legal spouses or tax
U
dependents do not enjoy the same tax-advantaged status as benefits provided to the associate, spouse and
you don't need to submit a new affidavit.
dependent children. You must pay for these benefits with after-tax income and/or the value of the benefits is added
to your gross income for purposes of federal income tax and most state income taxes, unless your domestic partner
is your tax dependent. The fair market value assigned to benefits for purposes of income taxes is called “imputed
income.” Coverage for the domestic partner paid by Belk must be considered imputed income unless the domestic
partner is your tax dependent. Imputed income may not be subject to state income tax in certain circumstances.
Note: For information about premium rates for spouses/domestic Families can also include the associate's children or partner's children who are the associate's tax dependents;
partners and associates paid on a weekly basis, see the 2022 this does not affect the imputed income. Premium rates on a pre- and post-tax basis for covering your domestic
Premium Rates document on the Forms and Documents page at partners and/or children of domestic partners are given in the 2022 Premium Rates document on the Forms and
Documents page at www.mybelkbenefits.com. HSA distributions to a non-tax dependent are taxable and subject
www.mybelkbenefits.com.
to penalty.
| 5WHAT YOU CAN New auto and home insurance options: Save on your auto and home
●
insurance by comparing coverages, prices and discounts from multiple
leading insurance companies. You can enroll anytime during the year.
EXPECT IN 2022 ● New identity theft protection through NortonLifeLock: Identity theft
protection helps safeguard your identity and notifies you of any credit
inquiries, accounts opened in your name and compromised credentials. If you
At Belk, we’re committed to providing peace of mind for you and your family.
experience fraud, NortonLifeLock helps restore your identity and reimburses
Offering a strong benefit program is just one of the ways we do that. Most of
you for fraud-related losses. You can enroll anytime during the year. Your
our benefit options are staying the same in 2022. To get the most from your
coverage for this benefit will become effective the day after you enroll.
benefits and be ready for enrollment, it's a good idea to review your benefits
from the past year and anticipate what you may need for 2022. ● New pet insurance plan through Nationwide: In 2022, we're offering
pet insurance through Nationwide. You can get reimbursed for eligible vet
If you don't make any changes during Open Enrollment, most of your
bills, accidents, illnesses, hereditary conditions and more. If you are currently
benefit elections and coverage will carry over from this year (2021).
enrolled in pet insurance through another carrier, you can continue in your
Remember, you must enroll if you want to change your benefits, make
current plan or switch to Nationwide.1
contributions to an HSA or dependent care FSA, or participate in new
benefit programs.
● ConnectYourCare is now Optum: ConnectYourCare, the administrator of
our HSA and Dependent Care FSA, joined the Optum family of services this
What's New for 2022 past year. You will continue to manage your accounts in the same way you
always have, but with the new Optum brand.
We review our benefits each year to be sure we're providing you with the best
● Paid Time Off (PTO) carryover: If you have accrued unused PTO as of
resources and programs. There are a few changes you should be aware of:
December 31, 2021, you can use up to 40 hours of rollover PTO through
● Support for your wellbeing: The COVID-19 pandemic has shown us the April 30, 2022.
importance of putting our wellbeing first. If you're enrolled in a Belk medical
plan in 2022, you'll have access to great wellness resources with Rally Health. What’s Staying the Same in 2022
Rally Health will replace the Healthy Outcomes program.
All other benefit programs are staying the same. However, we encourage you
● Teladoc is replacing MDLIVE as our telehealth provider as part of the Belk to use this time to review the coverage offered by each plan.
medical plan: With Teladoc, you’ll be able to access a national network of 1
Some exclusions may apply. Certain coverages may be excluded due to pre-existing conditions.
U.S. board-certified doctors, pediatricians, psychologists and therapists who See policy documents for a complete list of exclusions.
are available 24 hours a day, 7 days a week. Teladoc can diagnose, treat and
prescribe medicine (when necessary) for many minor medical issues via phone
or online video consultations.
Consider your opportunities to save for the future
● Enhanced Hospital Indemnity Insurance: In 2022, the plan will cover
additional days for both hospital and intensive care stays. Plus, if you enroll Open Enrollment is a great time to think about your physical, mental AND
in the plan during Open Enrollment, you won’t be subject to pre-existing financial wellness. Consider increasing your 401(k) contributions, or, if you
condition limitations. aren’t already contributing to a 401(k), create an account now. Go to page 26
to see how "free" money from Belk can boost your retirement savings!
| 6MEDICAL PLAN HIGHLIGHTS
HOW A HIGH
BlueCross BlueShield of North Carolina (BCBS NC) is our medical plan administrator. All of Belk's medical plans DEDUCTIBLE HEALTH
are qualified, high deductible health plans (HDHPs) that offer comprehensive medical coverage. HDHPs also let you PLAN (HDHP) WORKS
take advantage of using a tax-effective Health Savings Account (HSA). An HSA allows you to save tax-free dollars
(state taxes may apply) and use them to pay for eligible expenses, now and in the future. Deductible
All associates enrolled in medical coverage will receive a new BCBS NC medical insurance card each year. You pay non-preventive
medical and prescription
Key Considerations drug expenses until you
meet your deductible
Premier Plan Standard Plan Basic Plan
Consider this plan if… Consider this plan if… Consider this plan if… Coinsurance
● You understand that you'll pay ● You expect to use the medical ● You want the lowest biweekly You and Belk share the
the highest biweekly premiums plan, but prefer to pay lower premiums in exchange for the costs of non-preventive
in exchange for the lowest premiums each paycheck with highest deductible care until you reach your
deductible and out-of-pocket the potential to pay a higher ● You are healthy and don’t expect out-of-pocket maximum
maximum deductible and out-of-pocket to use the plan often, but want to Out-of-Pocket
● You anticipate using the plan maximum later start saving in your HSA for future Maximum
often and prefer to pay higher medical expenses
Additional in-network costs
premiums each paycheck in
are covered at 100% (paid by
exchange for lower out-of-pocket
Belk) after you reach your
costs when receiving care
out-of-pocket maximum
SMART SHOPPER
With an HDHP, you can always use
both in-network and out-of-network
medical providers; however, costs are
likely to be lower if you use in-network
providers. Plus, you always receive
in-network preventive care services
at no cost to you.
| 7Available for Full-Time Associates
Medical Plan Comparison Chart for In-Network Care
Premier Plan Standard Plan Basic Plan
Annual Deductible
Associate $1,700 $2,800 $6,450
Family $3,400 $5,600 $12,900
Accumulation Type Aggregate1 Aggregate1 Embedded1
Out-of-Pocket Maximum
Associate $4,000 $5,600 $6,450
Family $8,000 $11,200 $12,900
Accumulation Type Embedded1 Embedded1 Embedded1
Your Coinsurance2
Preventive care, including generic preventive drugs Covered at 100% Covered at 100% Covered at 100%
Primary care physician/Specialty physician 20% after deductible 20% after deductible 0% after deductible
Urgent treatment center 20% after deductible 20% after deductible 0% after deductible
Emergency room 20% after deductible 20% after deductible 0% after deductible
Inpatient hospital stay 20% after deductible 20% after deductible 0% after deductible
Durable medical equipment 20% 20% 0%
Home health services 20% 20% 0%
Health Savings Account (HSA) Maximum Matching Contributions from Belk3
Associate $400 $400 $400
Family $800 $800 $800
1
Please see next page for a description of aggregate and embedded deductible.
2
Coinsurance applies after meeting your deductible.
3
Belk will match your HSA contributions dollar for dollar up to the maximum matching amount shown. Belk's contributions are spread evenly over each paycheck. You are not eligible for an HSA if you are
enrolled in Medicare, Medicaid or Tricare.
See www.mybelkbenefits.com for complete eligibility requirements. Note: The above chart is for in-network costs. Please visit www.mybelkbenefits.com for more details regarding out-of-network coverage.
Aggregate Deductible
With an aggregate deductible, the total family deductible must be paid before the plan starts paying for health care services for any individual member. You
can meet this kind of deductible with care for one person or the entire family.
Embedded Deductible
An embedded deductible means each family member has an individual deductible as well as the total family deductible. The plan pays for some or all of an
individual’s health care services as soon as that person reaches the individual deductible limit.
| 82022 Biweekly Premiums for Medical Coverage
Premier Plan Standard Plan Basic Plan
Non-Tobacco Tobacco User Non-Tobacco Tobacco User Non-Tobacco Tobacco User
Associate $111.63 $130.86 $76.97 $96.20 $44.34 $63.57
Associate + spouse/domestic partner 1
$310.72 $341.49 $226.71 $257.48 $182.58 $213.35
Associate + child(ren) $162.23 $181.46 $110.14 $129.37 $82.55 $101.78
Family $361.31 $392.08 $259.89 $290.66 $219.53 $250.30
For more information about your premiums, see the 2022 Premium Rates document on the Forms and Documents page at www.mybelkbenefits.com.
1
See page 5 to learn about spouse or domestic partner coverage. For information about rates for spouses/domestic partners and premium rates for associates who are paid on a weekly basis, see the
2022 Premium Rates document on the Forms and Documents page at www.mybelkbenefits.com.
| 9Available for Full-Time Associates
HOW THE HEALTH SAVINGS ACCOUNT WORKS
The health savings account (HSA) is a smart way to make your money work for you. Plus, Belk helps you save for future healthcare expenses by matching your
contributions. When you contribute to your HSA, Belk will match your pre-tax contributions dollar for dollar to a maximum amount: $400 annually for individual
coverage and $800 annually for family coverage. Optum, our HSA administrator, will provide you with a debit card so you can pay for health care expenses at most
pharmacies and physicians' offices.
Benefits of an HSA
Make tax-free contributions to
your HSA and receive matching
contributions up to the specified
amount from Belk
+ Your HSA grows tax-free through
interest and investment returns + Use your HSA savings tax-free
to pay for eligible expenses + Own your HSA dollars forever —
even if you leave Belk
Your contributions to your HSA through biweekly payroll deductions
$ Belk's matching contributions
Incentives you earn through
To receive the maximum contribution from Belk,
wellbeing activities contribute $400 annually for individual coverage
$ $ and $800 annually for family coverage
Total HSA contribution allowed by the IRS in 2022
Your contributions, Belk's matching contributions and any
wellness incentives you earn count toward these IRS limits.
THE HSA AND 401(K) PLAN ARE BOTH
Associate Only Coverage $3,650 RETIREMENT SAVINGS TOOLS.
Associates age 55 and over $4,6501
While the HSA can help you pay for eligible health
Child/Spouse/Family Coverage $7,300
expenses now and into retirement, the 401(k) Plan
Associates age 55 and over $8,3002 can help you build your general retirement fund.
1
Associates age 65 and over who are enrolled in Medicare See page 26 for details.
are ineligible to make HSA contributions
2
Associates age 55 and over can contribute an additional
$1,000 in "catch-up" contributions
| 10More about HSAs
● Once the balance reaches $1,000, you can invest it in select
ENROLLING IN MEDICARE WHEN YOU HAVE AN HSA
mutual funds.
When you enroll in Medicare, you can no longer make
● Unused money rolls over into the next year. contributions to your HSA. If you become Medicare-eligible and
● If you want to change your HSA contribution amount, you can make enroll in Medicare during the calendar year, please contact HR
the change through Workday anytime during the year. Shared Services at 1-800-588-3700 to have future contributions
canceled. You can continue to use the funds in your HSA to
● If you contribute to your HSA through a payroll deduction, the annual
help pay for medical expenses, such as deductibles, premiums,
minimum contribution is $50.
copayments and coinsurance. If you use the account for qualified
medical expenses, it will continue to be tax-free.
| 11Available for Full-Time Associates
OTHER MEDICAL BENEFITS
BCBS NC Signature Service Livongo Care
When you're covered under a Belk medical plan, the BCBS Signature The Livongo for Diabetes program makes living with diabetes easier by
Service team can help you understand your health plan and its benefits, providing you with a FREE connected meter, unlimited test strips and coaching.
manage complex health situations, and even find lower-cost care. Signature
Livongo for Hypertension (high blood pressure) provides a connected blood
Service can help you and your family if you're planning a major medical
pressure monitor that sends readings to the easy-to-use app and gives you
procedure, if you need guidance for navigating a serious medical situation,
support through experienced health coaches, nutritional guidance and more.
or if you need support with the Blue Connect website. They can even help
you search for a provider and compare costs of prescription drugs and Livongo is offered at no cost to associates and their dependents who are
common procedures. covered under one of Belk's medical plans and have diabetes or hypertension.
To learn more or join, visit get.livongo.com/belk/now or call Livongo Member
To take advantage of this service, call number on the back of your BCBS ID
Support at 1-800-945-4355.
card or log in to BlueConnectNC.com to send a secure email or chat live.
QuitlineNC
Quitting tobacco is one of the best ways to get on the road to wellness,
but it can be a challenge. If you want to quit, we’re here to help and offer
a comprehensive tobacco cessation program.
With QuitlineNC, eligible associates who are enrolled in a Belk medical
plan will be assigned a Quit Coach who will help create a personalized
plan that includes dealing with triggers and tips for quitting. There's no
SMART SHOPPER – SAVE MONEY WHEN YOU’RE cost to you if you're enrolled in a Belk medical plan, so call QuitlineNC
TOBACCO-FREE
at 1-844-8NCQUIT to get started.
You can earn a $500 annual premium discount for
yourself and a $300 annual discount for your spouse/
domestic partner by certifying that you are tobacco-
free. Or if you use tobacco products, earn the discount
by completing a free tobacco cessation program
through QuitlineNC.
| 12Teladoc
Teladoc is our new telehealth provider, replacing MDLive. When you don’t feel well or your child
is sick, the last thing you want to do is sit in the doctor’s waiting room. If you're enrolled in a Belk
medical plan, you can skip the trip with Teladoc. With Teladoc, you can see and speak to a doctor
online any time from the comfort of your home. Teladoc gives you convenient access to a national
network of U.S. board-certified doctors for a diagnosis or treatment on minor, short-term issues,
typically at a more affordable cost. Call 1-800-TELADOC (835-2362) or visit www.teladoc.com for
more information.
Healthline Blue
Do you have health questions? When you participate in a Belk medical plan, HealthLine Blue
provides a free, 24/7 nurse support line that connects you with a friendly and dependable nurse
who can help you:
● Decide how and where to get care when you need it
● Answer questions until you can see your doctor
● Answer questions about your medications
● Get information to make better health care decisions
Call 1-877-477-2424 to reach HealthLine Blue or visit www.bluecrossnc.com/health-line-blue.
| 13Available for Full-Time Associates
WELLBEING
Belk Wellness Rewards Program
When you're enrolled in a Belk medical plan, you can build healthy habits and get rewarded for your efforts with a fun, new wellness program, powered by Rally
Health®. What’s more? Belk associates and their spouses/domestic partners can EACH earn up to $500 in Health Savings Account (HSA) contributions!
Here’s How it Works
1. Participate in the wellness activities that best fit your needs to earn up to a maximum $500 in HSA contributions each for you and for your
spouse/domestic partner
2. Find your reward-eligible activities and monitor your progress on your personal Blue RewardsSM page in the wellness portal at BlueConnectNC.com
3. Blue Rewards will be paid through monthly HSA contributions*
Wellness Activities and Blue Rewards HSA Contributions
Activity Earn* Activity Earn*
Register for Blue ConnectSM $10 Get Your Annual Physical $50
Complete Your Blue Connect Checklist $25 Get a Health (Biometric) Screening $50
Confirm Your Contact Details $25 Participate in a Private Challenge $25 (max of 2 or $50)
Take Your Health Survey $50 Get Your Flu Shot $25
Participate in a Public Challenge $5 (max of 6 or $30) Complete Important Diabetes Tests $25 (if identified)
Complete Three (3) Missions $25 (must complete 3; max $75) Complete a Nurse Support Assessment $100 (if identified)
Track Your Step Goals with Stride $10 Monthly (or $120 max) Know Your Care Options $50 (if identified)
Take a Quiz $5 (max of 6 or $30) Fill Out Your Pregnancy Survey $50 (if identified)
The maximum Belk Wellness Rewards available per Belk associate and spouse/domestic partner = $500 each.
Note: “If identified” means that Blue Cross and Blue Shield of North Carolina (Blue Cross NC) will reach out to you directly if you qualify for this activity.
* Belk Wellness Rewards Program available 1/1/22-12/31/22. Visit the wellness portal at BlueConnectNC.com for details on earning rewards and the activities available to you. Belk associates and their spouses/domestic
partners must be at least 18 years old to participate on the wellness portal and earn Blue Rewards in their HSA. Timing to process rewards may vary and they may be added to your HSA from one to two months
following completion of the activity. Participation limitations may apply. Blue Cross NC reserves the right to change or discontinue Blue Rewards at any time, including changing dollar amounts and available rewards,
without prior notification. Consult with your benefits administrator or contact Blue Cross NC Customer Service for questions or support.
Blue Cross NC offers health and wellness programs as a convenience to aid members in improving their health; results are not guaranteed. Blue Cross NC reserves the right to discontinue or change these programs at
any time. The goal is to help members make better decisions about their health and to help them follow their provider’s plan of care. Decisions about care should be made with the advice of the member’s provider.
Rally Health is an independent company that is solely responsible for the services it provides. Rally Health does not offer Blue Cross or Blue Shield products or services. BLUE CROSS®,
BLUE SHIELD®, the Cross and Shield symbols, and service marks are marks of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. All other marks and trade
names are the property of their respective owners. Blue Cross NC is an independent licensee of the Blue Cross and Blue Shield Association.
| 14Available for Full-Time Associates
PRESCRIPTION DRUG COVERAGE
When you enroll in a Belk medical plan, you automatically receive prescription drug benefits.
Our provider is Express Scripts. Express Scripts offers a wide network of more than 68,000
retail pharmacy locations where you can fill your short-term prescriptions, as well as a
mail-order pharmacy. Visit www.express-scripts.com/belk for more information.
Your Prescription Drug Coinsurance
Premier Plan Standard Plan Basic Plan
Prescription Drugs
Deductible Included with medical Included with medical Included with medical
Out-of-Pocket Maximum Included with medical Included with medical Included with medical
Preventive Drugs1
Generic 0% before deductible 0% before deductible 0% before deductible
(plan pays 100%) (plan pays 100%) (plan pays 100%)
Preferred brand 20% before deductible 20% before deductible 0% before deductible
Non-preferred brand 20% before deductible 20% before deductible 0% before deductible
Non-Preventive Drugs
Generic 20% after deductible 20% after deductible 0% after deductible
Preferred brand 20% after deductible 20% after deductible 0% after deductible
Non-preferred brand 20% after deductible 20% after deductible 0% after deductible
1
Preventive drugs are based on Express Scripts’ Standard Preventive Drug List.
WHAT HAPPENS WHEN YOU USE A NON-NETWORK PHARMACY?
When you visit a non-network pharmacy to fill a prescription, you pay the full cost
of your prescription upfront. Then, you must file a claim with Express Scripts for
reimbursement. Once your claim is processed, you will receive reimbursement for
the amount you paid minus the appropriate coinsurance.
| 15Managing Maintenance Prescriptions
90-DAY SUPPLY
With Express Scripts, you have two ways to get up to a three-month supply of your maintenance medicines (those drugs you take regularly for ongoing
conditions). You can choose home delivery from the Express Scripts Pharmacy, or fill the prescription at any CVS pharmacy location.
If you have prescriptions with open refills through the CVS mail-order pharmacy program, your prescription will be transferred automatically to the Express
Scripts Pharmacy (except for controlled substances and compound medications).
The Express Scripts Pharmacy mail-order program has several advantages. When you use the Express Scripts Pharmacy, you are automatically using an
in-network pharmacy, so there are no claim forms to file for reimbursement. In addition, you can submit and receive your prescriptions from home.
You can receive two 30-day courtesy fills at ANY participating network pharmacy. On the third fill, you must
obtain a prescription for a 90-day supply and that prescription must be filled at a participating CVS retail
location or through the Express Scripts Pharmacy. If filled at the wrong pharmacy or wrong day’s supply,
you will be responsible for paying 100% of the prescription cost.
SPECIALTY MEDICATIONS
Accredo is an Express Scripts specialty pharmacy. Accredo provides medicine for patients with serious,
chronic conditions like cancer and hepatitis C. Accredo offers specialized teams of pharmacists, nurses
and clinicians who are specially trained on your condition.
MORE INFO
If you have questions about your pharmacy
benefit or need a replacement ID card, you can
contact Express Scripts at 1-800-797-2283 or
visit www.express-scripts.com/belk.
| 16Available for Full-Time Associates
ACCIDENT, HOSPITAL INDEMNITY AND
CRITICAL ILLNESS INSURANCE
Belk offers Group Accident, Hospital Indemnity and Critical Illness (also called Specified Disease) Insurance with Unum as our provider.
These plans may be used to help you meet your deductible and coinsurance should you be faced with a serious illness or accident. The combination
of these plans with your HDHP may offer you better coverage at a lower overall cost. These plans can provide a lump sum benefit if you experience a
covered critical illness (specified disease), an accident or are confined to a hospital due to an illness or injury. These benefits are designed to supplement
your medical coverage by providing an extra layer of financial protection.
Premiums are paid through a payroll deduction. Visit www.enrollunum.com/belkbenefits for complete information about these plans, including High and
Low coverage.
Accident Insurance Low Plan Biweekly Premiums High Plan Biweekly Premiums
Associate $3.12 Associate $6.04
This plan pays a set benefit amount based on the type of injury you
have and the type of treatment you need. It covers accidents that Associate + spouse/domestic partner1
$5.47 Associate + spouse/domestic partner1 $10.59
occur on and off the job, and includes a range of incidents, from Associate + child(ren) $7.80 Associate + child(ren) $15.26
common injuries to more serious events. Family $10.15 Family $19.81
Hospital Indemnity Insurance Low Plan Biweekly Premiums High Plan Biweekly Premiums
Associate $4.75 Associate $9.50
This enhanced plan helps covered associates and their families
Associate + spouse/domestic partner1 $9.69 Associate + spouse/domestic partner1 $19.37
cope with the financial impacts of a hospitalization. You can
receive benefits when you’re admitted to the hospital for Associate + child(ren) $6.54 Associate + child(ren) $13.09
a covered accident, illness, or other condition. The money Family $11.48 Family $22.96
is paid directly to you, and can help you pay the out-of-
1
See page 5 to learn about spouse or domestic partner coverage. For information about rates for spouses/domestic
pocket expenses your medical plan may not cover, such as partners and premium rates for associates who are paid on a weekly basis, see the 2022 Premium Rates
coinsurance and deductibles. If you enroll in the plan during document on the Forms and Documents page at www.mybelkbenefits.com.
Open Enrollment, you won’t be subject to pre-existing
condition limitations.
| 17Critical Illness Insurance
This benefit can pay money directly to you when you’re diagnosed with certain serious illnesses. If you’re diagnosed with an illness that is covered by
this insurance, you can receive a lump sum benefit payment to help you pay out-of-pocket medical expenses, like coinsurance and deductibles. This plan
pays $10,000 or $20,000 (depending on the coverage level you choose) if you are diagnosed with a major condition. Lesser benefit payments apply to
additional conditions.
CRITICAL ILLNESS BIWEEKLY PREMIUMS – $10,000 CRITICAL ILLNESS BIWEEKLY PREMIUMS – $20,000
Associate and Associate and
Associate spouse/domestic Associate Associate spouse/domestic Associate
Age only partner1 and child(ren) Family Age only partner1 and child(ren) FamilyAvailable for Full-Time Associates and Part-Time Associates
DENTAL COVERAGE
Delta Dental of North Carolina is America's largest dental benefits carrier
and our associates have access to care through their extensive national
network. Providers who are in-network participate in one of two networks: BIWEEKLY ASSOCIATE CONTRIBUTIONS
Delta Dental PPO or Delta Dental Premier. To find a network dental provider,
High Core
visit www.deltadentalnc.com or call 1-800-662-8856.
Associate only $13.85 $9.86
If you enroll in the dental plan for the first time during Open Enrollment,
you'll get a new dental card in December 2021. If you need a replacement Associate + spouse/domestic partner1 $26.49 $18.56
card, you can print one from www.deltadentalnc.com. Associate + child(ren) $30.70 $24.37
Below is an overview of Belk’s dental plans: Family $42.74 $33.07
Services High Core
Diagnostic Services 0% (Plan pays 100%) 0% (Plan pays 100%) 1
See page 5 to learn about spouse or domestic partner coverage. For information about rates for
Preventive Services 0% (Plan pays 100%) 0% (Plan pays 100%) spouses/domestic partners and premium rates for associates who are paid on a weekly basis, see the
2022 Premium Rates document on the Forms and Documents page at www.mybelkbenefits.com.
Basic Services 80% 70%
Major Services 50% 40%
Orthodontic Services 50% Not covered
Deductibles and Maximums
Deductible
$50 per person per $100 per person per
(does not apply to diagnostic
calendar year calendar year
and preventive services)
Annual maximum $2,000 $1,000
Lifetime orthodontic maximum $2,000 Not covered
Note: The above chart is for in-network costs. Please see www.mybelkbenefits.com for more
details regarding out-of-network coverage.
| 19Available for Full-Time Associates and Part-Time Associates
VISION COVERAGE
EyeMed offers care from thousands of independent providers, top optical retailers and online options. If you enroll in a vision plan during Open Enrollment,
you'll get a new vision card in early January 2022.
Services In-Network Member Cost
BIWEEKLY ASSOCIATE CONTRIBUTIONS
Exam With Dilation as Necessary $10 copay
Retinal Imaging Up to $39 Vision Plan
Frames $0 copay, one-time allowance up to $130, Associate only $2.29
20% off balance over $130
Associate + spouse/domestic partner1 $4.14
Contact Lens Fit and Follow-Up1
Standard Contact Lens Fit & Follow-Up Up to $40 Associate + child(ren) $4.33
Premium Contact Lens Fit & Follow-Up 10% off retail price
Family $6.64
Contact Lenses2
Conventional $0 copay, one-time allowance up to $150,
15% off balance over $150
1
See page 5 to learn about spouse or domestic partner coverage. For information about rates for
Disposable $0 copay, one-time allowance up to $150; spouses/domestic partners and premium rates for associates who are paid on a weekly basis, see the
plus balance over $150 2022 Premium Rates document on the Forms and Documents page at www.mybelkbenefits.com.
Medically Necessary $0 copay, paid-in-full
Laser Vision Correction
LASIK or PRK from U.S. Laser Network 15% off the retail price or 5%
off the promotional price
Hearing Care
Hearing Health Care from 40% off hearing exams and a low price
Amplifon Hearing Network guarantee on discounted hearing aids
Frequency
Examination Once every 12 months
Lenses or Contact Lenses Once every 12 months
Frame Once every 24 months
1
ontact lens fit and follow up visits are available once a comprehensive eye exam has
C
been completed.
2
Contact lens allowance includes materials only.
| 20Available for Full-Time Associates
LIFE AND AD&D INSURANCE
Belk automatically provides Basic Life and Accidental Death and ASSOCIATE SUPPLEMENTAL LIFE
Dismemberment (AD&D) coverage to all full-time associates through Unum.
Biweekly Rates per
There's no cost to associates, and you don't need to enroll. Age Band $1,000 of Coverage
Both Basic Life and AD&D coverage are equal to one times your annual Under 30 $0.018
base earnings, up to $500,000, with amounts rounded to the next higher 30-34 $0.018
multiple of $1,000 if not already an exact multiple. However, since life
35-39 $0.023
insurance is offered on a tax-free basis only up to $50,000, any coverage
40-44 $0.032
above $50,000 is considered to be a benefit taxable as income by the IRS.
The amount of taxable income on life insurance coverage in excess of the 45-49 $0.042
$50,000 threshold is known as imputed income. Associates earning more 50-54 $0.074
than $50,000 have the option to limit their benefit to $50,000 in order to 55-59 $0.125
avoid imputed income. Your Basic Life and AD&D coverage does not require
60-64 $0.222
Evidence of Insurability (EOI). Reductions apply starting at age 65.
65-69 $0.342
Supplemental Life and AD&D Insurance 70 or More $0.764
You also have the option to purchase supplemental life insurance and/
or supplemental AD&D coverage for you and/or your spouse/domestic DEPENDENT SUPPLEMENTAL LIFE – CHILD(REN) 2
partner1. With the Supplemental Life plan design, you can get from 1 to 6
Biweekly Rate ($10,000 of coverage)
times your annual base earnings, up to $2 million. Supplemental Life has
a guaranteed issue of $500,000 (the coverage amount you have until you $1.15
need to go through medical underwriting). 2
Child Life Insurance is available for eligible children at birth (live birth) to age 26. For additional
coverage information, please see www.mybelkbenefits.com.
During Open Enrollment for 2022, you may increase one level of coverage
without Evidence of Insurability (EOI), unless it is over the guaranteed issue
(GI) limits. Any increase of more than one level or any increase that would
lead to surpassing the GI limit will require completion of an EOI Form and
approval by Unum.
1
See page 5 to learn about spouse or domestic partner coverage. For information about rates for
spouses/domestic partners and premium rates for associates who are paid on a weekly basis, see the
2022 Premium Rates document on the Forms and Documents page at www.mybelkbenefits.com.
| 21Supplemental AD&D Insurance
You are also eligible to sign up for supplemental AD&D with coverage options from $25,000
to $200,000. This benefit can help protect you and your family if an unexpected injury occurs.
SUPPLEMENTAL AD&D INSURANCE BIWEEKLY PREMIUMS 1
Coverage Level Associate Only Associate + Family
$25,000 $0.138 $0.231
$50,000 $0.277 $0.462
$75,000 $0.415 $0.692
$100,000 $0.554 $0.923
$125,000 $0.692 $1.154
$150,000 $0.831 $1.385
$175,000 $0.969 $1.615
$200,000 $1.108 $1.846
1
See page 5 to learn about spouse or domestic partner coverage. For information about rates for
spouses/domestic partners and premium rates for associates who are paid on a weekly basis, see the
2022 Premium Rates document on the Forms and Documents page at www.mybelkbenefits.com.
| 22Available for Full-Time Associates
DISABILITY INSURANCE
Disability benefits protect you from loss of income by providing a benefit if you are unable to work due to an injury or illness. While no one plans on becoming
disabled, it’s important to have a benefit in place to help protect your income. Disability coverage is provided by Unum.
Short-Term Disability (STD) Plan Long-Term Disability (LTD) Plan
In the event of an injury/accident or illness that prevents you from working, If you would like additional disability coverage, you have the option to enroll
you may be eligible to receive STD benefits. Belk automatically offers in the Long-Term Disability plan. You must enroll during Open Enrollment
short-term disability coverage at no cost to associates, and there is no need (or within 31 days of your hire date). Note that you will need to complete
to enroll. Evidence of Insurability (EOI) unless you are enrolling as a new hire.
STD Benefits In the event you remain totally disabled after 90 days of STD, you may be
eligible to receive LTD benefits. Generally, LTD benefits will continue for as
Benefit Coverage 60 percent of all eligible weekly pay long as you are disabled or until you reach age 65, or normal retirement age,
Waiting period – injury/accident, illness 7 calendar days if you are disabled before age 62. If you are age 62 or older and you become
disabled, LTD maximum benefit periods are reduced.
Maximum weekly benefit period Up to 13 weeks
LTD Benefits
60 percent of your eligible earnings
Basic LTD benefit
(up to $15,000 per month)
Elimination period 90 days
Current benefit-eligible associates who have not previously elected LTD coverage and newly
eligible associates are subject to pre-existing condition rules that are outlined in the certificate
of coverage on www.mybelkbenefits.com.
BIWEEKLY PREMIUMS – LTD
Per $100 of covered earnings
Full-Time Associate Only
LTD Corporate $0.801
LTD Stores $0.935
For premium rates for associates who are paid on a weekly basis, see the 2022 Premium Rates
document on the Forms and Documents page at www.mybelkbenefits.com.
| 23Available for Full-Time Associates
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT
A Dependent Care Flexible Spending Account (FSA) is a tax advantaged savings account that can be used to pay for eligible child or elder care expenses.
Optum is our Dependent Care FSA administrator. When you enroll in the Dependent Care FSA, your contributions are deducted from your paycheck on
a pre-tax basis, so you pay less in taxes. Note that this account does not include a debit card; instead, you can use funds in your account to reimburse
yourself for eligible dependent care expenses.
Eligible dependents include:
● Children under age 13 who attend daycare, before/after-school care or summer day camp
● Any person who is mentally or physically incapable of caring for themselves
Making Dependent Care FSA Contributions
The minimum annual election for the Dependent Care FSA is $130. The maximum is $5,000 if
your filing status is single, head of house, or married and filing jointly. If you’re married and you file
taxes separately from your spouse, the maximum annual dependent care FSA election is $2,5001.
SMART SHOPPER — USE IT OR LOSE IT
Eligible Expenses You’ll need to plan carefully when deciding
how much to contribute to the Dependent
● Before/after-school care
Care FSA. Because of the tax benefits, the
● Day camps
IRS has several rules:
● Elder care
● Care at licensed nursery schools or child centers ● Can be used to pay for child or elder
● Care provided in or outside your home during your working hours care expenses.
This plan is subject to the Internal Revenue Code (IRC) non-discrimination testing. Highly ● You cannot carry forward any money
compensated associates are not allowed to participate in Belk’s Dependent Care FSA. For 2022, in your account at the end of the plan
associates who earned more than $130,000 in 2021 will be considered highly compensated. year into the next plan year, or use it for
expenses you incurred after the end of
Enrolling the plan year.
Even if you’ve had a Dependent Care FSA in the past, if you want to participate in 2022, you’ll ● Any unused funds remaining in your
need to enroll during Open Enrollment. Decide how much you want to contribute for the year, and account at the end of the year will
Belk will make deductions from your paycheck, before taxes, in equal amounts throughout the be forfeited.
benefit year. Remember that you must re-enroll for the FSA each benefit year. You have until March 31, 2022 to file
for reimbursement of your 2021 qualified
1
The limits may increase for 2022, per the IRS.
expenses.
| 24Available for Full-Time Associates and Part-Time Associates
EMPLOYEE ASSISTANCE MILK STORK TRAVEL
PROGRAM (EAP) SERVICES SOLUTION
The Belk EAP is a counseling and referral service that's available to all Milk Stork is a business travel solution for breastfeeding moms. This
associates and their dependents. There's no cost to you, and you don't breast milk delivery service provides refrigerated express shipping
need to enroll. You can get help any time with concerns such as: or easy toting of breast milk home to baby. This benefit is available at
● Mental health no cost regardless of whether you are enrolled in a Belk medical plan.
● Marital and family issues Visit www.milkstork.com/belk to learn more.
● Alcohol and other drug dependency assessment
● Stress-related issues
● Financial/legal referrals BELK MARKETPLACE HELPS YOU SAVE MORE
Keep your financial wellbeing in mind and visit belk.benefithub.com
● Emotional problems
for discounts and deals on electronics, entertainment, childcare and
An EAP counselor can identify issues and help you work through them.
education, groceries and more.
Counselors can also determine the best alternatives and, if necessary, make
appropriate referrals to other professionals who specialize in specific areas.
Work/Life Services
● Legal counseling – one free legal consultation with access to discount
rates for future service
● Financial counseling – one free session with a financial professional
● Elder care support
● Telephone and video counseling
● Online services – to find a provider in your area, visit TAKE ADVANTAGE OF THE EAP
belk.personaladvantage.com For information on the EAP or to schedule an
● Community support resources appointment, call 1-877-771-7708. You can
also visit www.mybelkbenefits.com and click
Counseling Services on the EAP/Personal Advantage link for access
to over 20,000 work-life products on topics
Counseling services through the EAP are confidential and free to you, as
such as emotional wellbeing, family life, health,
this is a Belk-paid benefit. This benefit includes up to four (4) face-to-face
finance and fitness.
counseling sessions per associate and their eligible dependents per year.
Telephone and video counseling are also available.
| 25Available for Full-Time Associates and Part-Time Associates
Available for Full-Time Associates
OTHER VOLUNTARY BENEFITS
Legal Plan Identity Theft Protection
Available to full-time associates only Identity theft protection and data security have become increasingly
important. Associates can enroll in NortonLifeLock for protection against
Full-time associates are eligible for the MetLife Legal Plan, at a rate of
(and in the event of) identity theft. These plans combine leading identity
$7.615 biweekly. With this plan, you have access to more than 14,000
theft protection and device security to provide defense against online
Network Attorneys nationwide who provide legal advice and representation
threats at work, at home or on-the-go. NortonLifeLock protects you
on a range of matters, including wills and estate planning, family law,
by defending your personal information from hackers, alerting you to
immigration assistance and more. There are no copays or deductibles to
potential threats and reimbursing stolen funds should you experience
pay and no claim forms to complete when you use a Network Attorney. If
identity theft. This program is available to all associates, and you can
you are already enrolled in the plan, you do not need to take action. Your
enroll in this benefit beginning October 18, 2021 or at any time during the
current coverage will carry over. Keep in mind that Open Enrollment is
year. Your coverage will go into effect the day after you enroll. When you
your once-a-year chance to enroll in the legal plan. Plus, your coverage
enroll, your coverage will begin right away. For more information, visit
is portable, which means that if you leave Belk, you can continue to be
MyBelkBenefitsPlus.com or call 1-855-429-8818.
covered under the plan. For more information, visit
www.metlife.com/mybenefits or call 1-800-GET MET 8 (1-800-438-6388).
Choice Auto and Home Insurance
Pet Insurance You can save on your auto and home insurance by comparing coverages,
prices and discounts from six of the top-rated auto and home insurance
Pet insurance through Nationwide My Pet Protection® is available to all
companies in the nation including: Farmers GroupSelectSM (formerly
associates and offers reimbursement for eligible vet bills, plus cash back
MetLife), Travelers, Liberty Mutual Insurance, Safeco Insurance, Electric
for accidents, illnesses, hereditary conditions, and more. You can enroll in
Insurance Company, and Progressive. With the Choice Auto and Home
pet insurance beginning October 18, 2021 or at any time during the year,
program, you have access to special discounts and lower premiums than
and your coverage will go into effect 14 days after you enroll. For more
anything you can find on your own. You’ll also be able to get multiple
information, visit MyBelkBenefitsPlus.com or call 1-855-429-8818.
quotes quickly, all with a single phone call. You can go online to request
a policy quote, which will be valid for 14 days. If you want to elect the
quoted coverage policy, call 1-855-429-8818. If you enroll in one of
these auto or home insurance plans, your coverage will begin right
away. This program is available to all associates. You can enroll beginning
October 18, 2021, or at any time during the year. For more information,
MORE INFO visit MyBelkBenefitsPlus.com or call 1-855-429-8818.
For more information about any of these
plans, call call 1-855-429-8818 or visit
MyBelkBenefitsPlus.com.
| 26Available for Full-Time Associates and Part-Time Associates
INVEST IN YOUR FUTURE WITH THE 401(k) SAVINGS PLAN
To help you save for a secure financial future, Belk offers a 401(k) Savings Plan through Charles Schwab. The 401(k) plan lets you save on a tax-deferred
basis, up to the limit allowed under federal law. Because you make pre-tax contributions, you do not pay any federal taxes or state taxes (in most states) until
you withdraw money from your account. Investing your savings with the 401(k) plan allows you to you grow your money over time, helping you to save and
prepare for retirement.
Eligibility and Enrollment Plan Limits1
All part-time and full-time associates are eligible immediately after your first Your contribution limit for 2021 is $19,500; however, if you will be age 50
paycheck once your employment with Belk begins. For more details on or older by the end of the calendar year, you may make up to $6,500 in
eligibility, visit www.mybelkbenefits.com. You can register or enroll online at additional contributions.
www.workplace.schwab.com after you receive your first paycheck, or you
can enroll by phone at 1-800-724-7526.
Belk Match
Provided you have three months of service, Belk will match 100% of the first 4% of your eligible compensation contributed to the 401(k) plan, and 50% for the
next 2%, for a combined match of 5%. To get the full Belk match, be sure to contribute at least 6% of your eligible compensation. The Belk match does
not count toward the total annual contribution limit specified by the IRS.
Example: Annual Contribution
Your pre-tax contribution election Belk match
Belk match Belk match (50% of Total contribution
Total Belk
Your eligible compensation Your elected contribution Your elected contribution (100% of first 4% of your next 2% of your eligible (your contribution +
match
(%) ($) eligible compensation) compensation) total Belk match)
$1,000 + $250 = $1,500 + $1,250 =
$25,000 6% $1,500 $1,000 $250
$1,250 $2,750
In this example, your biweekly contribution would be $57.69. Plus, in this example, you won’t be taxed on the $1,500 annual amount you contribute. Use the
payment calculator at workplace.schwab.com to see how much you can save in taxes. Contribute even a small percentage of your paycheck to your 401(k)
before taxes are taken out, and your take-home pay won't show a big change, but your savings could.
1 The limits may change for 2022, per the IRS.
| 27Available for Full-Time Associates and Part-Time Associates
INVEST IN YOUR FUTURE WITH THE 401(k) SAVINGS PLAN
Roth Feature
Unlike a traditional 401(k), the Roth 401(k) allows you to contribute after- THREE REASONS TO CONTRIBUTE TO YOUR 401(k)
tax dollars, and then withdraw qualified distributions1 tax-free from your ● Pre-tax contributions decrease your taxable income
account when you retire, if certain requirements are met. ● Get the match from Belk so your savings grow even faster
● Benefit from lower investment fees
Vesting Schedule
You are always 100% vested in the value of your account.
1Qualified Roth withdrawals are exempt from federal taxes. Some state taxes may apply. Generally,
to qualify, the account must have been held for at least five years and you must be at least age
59½ at the time of withdrawal.
MORE INFO
If you have questions about any of
the funds in the Plan’s investment lineup or
if you want to request a prospectus on any
of the funds, contact Charles Schwab at
HELPFUL HINT 1-800-724-7526 or find information at
You can change your 401(k) Plan www.workplace.schwab.com.
contributions at any time.
| 28Available for Full-Time Associates and Part-Time Associates
PAID TIME OFF
Belk offers an integrated Paid Time Off (PTO) bank for all regular associates working at least 20 hours per week on average. Associates may use accrued
PTO for vacation, personal time, short-term personal illness or time off to care for others.
For complete information about PTO, review the Paid Time Off (PTO) Policy at www.mybelkbenefits.com.
If you have accrued unused PTO at the end of December 31, 2021, you can still use up to 40 hours of rollover PTO through April 30, 2022.
All PTO rollover time must be used by April 30, 2022 or it will be forfeited.
The PTO bank for all associates is shown below.
PTO SCHEDULE FOR FULL-TIME ASSOCIATES (DAYS)
Stores/DCs/FCs Hourly Corporate Hourly
Length of Service Salaried Full-Time
Full-Time Full-Time
Under 5 years 20 14 15
5 years but less than 10 years 25 19 20
10 or more years 30 24 25
QUESTIONS?
For more information
PTO SCHEDULE FOR PART-TIME ASSOCIATES (HOURS) about PTO, visit
Length of Service Annual PTO www.mybelkbenefits.com.
Under 5 years 10
5 years but less than 10 years 20
10 or more years 30
| 29You can also read
