2025 EMPLOYEE BENEFITS GUIDE
TABLE OF CONTENTS
WHO IS ELIGIBLE?
Part-Time Employee is defined as someone who works less than 30 hours per week.
Full-Time Employee is defined as someone who works 30 hours or more per week.
Employees may participate in the benefit plans effective the 1st of the month following 30 days of employment.
* Company-paid benefits are automatically enrolled on your date of hire.
FAMILY ELIGIBILITY
Here are the family members who are eligible for coverage:
• Legal Spouse
• Biological Child(ren)
• Adopted Child(ren)
• Step Child(ren)
• Disabled Dependents of any age
• Child(ren) with legal custody
ENROLLMENT DEADLINES
Enrollment or changes in your 401(k) Retirement Plan or Health Savings Account (HSA) can be made at any time.
MAKING CHANGES
You may change benefit elections under two circumstances through UKG:
Open Enrollment Season
Open Enrollment refers to the annual period during which you can enroll in a benefits plan. During this process, you will review information for you and your family, shop for available benefits, select benefit plans, and review and confirm benefit plan selections.
Qualifying Life Events
You may only change coverage elections as a result of an IRS approved qualifying life event. You MUST make your change within 30 days of your life event through Workday.
In both instances, you will review information for your family, shop for available benefits, select benefit plans and review and confirm benefit plan selections.
QUALIFYING LIFE EVENTS
You may update your benefit elections when certain life events occur.
Examples include:
• Marriage, divorce, or legal separation
• Birth or adoption of a child
• Change in your dependent’s eligibility
• Gain or loss of other coverage
• Change in employment or job status (you or your spouse)
• Death of a dependent
You are required to provide documentation. Submit your Life Event change in UKG Benefits within 31 days of the event.
FOR ANY QUESTIONS REACH OUT TO YOUR HR REPRESENTATIVE
MEDICAL PLAN & BENEFITS
Everyone’s healthcare needs are unique—whether you’re seeking affordability, comprehensive coverage, or a balance of both. That’s why SBP offers three distinct medical plans to support you through every season of life.
WHO IS LUMINARE?
Luminare Health is one of the nation’s largest independent health benefits administrators, serving over 1 million members. They have been providing benefits to our people for more than half a century and continuously strive to deliver personal service and enhanced experience.
LUMINARE CONNECT 24/7
To ensure our employees receive exceptional, real-time support, we offer Luminare Connect, a 24/7 premium concierge service. It’s designed to meet you where you are, offering responsive assistance for all benefit-related needs.
We’re cutting out the middleman to provide faster resolutions and expert guidance—every step of the way. Think of Luminare Connect as an extension of our team, acting like a quarterback to seamlessly coordinate between dental queries, RBP inquiries, pharmacy concerns, and much more.
WHAT LUMINARE CONNECT OFFERS:
They’re available 24/7 to assist employees with:
• Claims, eligibility, and ID cards
• Billing concerns and prescription delivery
• Understanding Explanation of Benefits (EOB)
• Finding doctors and after-hours care
• Questions about SBP’s other benefits and the Employee Assistance Program (EAP)
They do the heavy lifting so you can focus on your health and well-being—with privacy and care at the center of every interaction.
ABOUT VALUE PLAN (RBP)
ABOUT THE PLAN
The Value Plan (RBP) is an open access plan that uses Reference-Based Pricing, meaning provider reimbursement is negotiated based on Medicare benchmarks—not traditional in-network pricing.
This plan is less common, but offers:
• Greater flexibility in choosing providers
• Potential for cost savings
• A more hands-on approach to managing your care
You aren’t restricted to in-network providers—because there isn’t a network. However, some providers may only work with contracted plans, which can feel frustrating. Good news: we have solutions for that.
WHAT IS THE IMPACT ON YOU?
While the Value Plan requires more involvement, it doesn’t mean more work on your end. We’ve partnered with ClaimDOC, an expert RBP vendor who handles the behind-the-scenes coordination. Here’s how they support you:
• Early Engagement: Before you visit a provider, ClaimDOC can contact the office to explain how billing works
• Provider Resistance? ClaimDOC can offer alternate billing options or refer you to high-quality providers who accept RBP plans
• Balance Billing Protection: Always check your Explanation of Benefits (EOB) before paying a bill. If charges don’t match, ClaimDOC will resolve it for you.
ClaimDOC is your advocate—negotiating, explaining, and problem-solving every step of the way so you don’t have to.
Office Visit
VALUE PLAN INFORMATION
PREMIUM PLAN INFORMATION
| Luminare Health
Office Visit
ELITE PLAN INFORMATION
MEDICAL PLAN COMPARISON
The chart below shows a side by side comparison of our plan differences and the links below can be used to learn more about
PLAN RATE COMPARISON
The chart below shows a side by side comparison of our plan differences and the links below can be used to learn more about each plan & the resources that come with them.
DENTAL PLAN
We all want that million-dollar smile, right? Well, SBP offers dental coverage that is like a superhero for your teeth, swooping in to save the day (and your wallet) when you need cleanings, fillings, or even more serious dental work. It’s not just about avoiding those scary dental bills; it’s about keeping your whole mouth healthy. After all, your smile is one of the first things people notice about you! Plus, good oral health is linked to your overall well-being.
You have a choice between two plans, Base Dental Plan and a Buy-Up Dental Plan. Both offer comprehensive dental coverage along with a broad network of dental providers and facilities provided through Delta Dental. Please review each plan to compare which option is right for you and your family.
*Base: Child Only (up to age 19) * Buy-Up: Adult and Child
VISION PLAN
Your eyes not only affect how you see, but how you feel. Caring for your vision can lead to a better quality of life and better performance at work, school, and home. Given eye care is a vital component of a healthy lifestyle, affordable access to regular exams, contacts or glasses and care is important.
Our vision coverage is offered through Ameritas and you have the option to use the EyeMed Network or the VSP Network.
TELEDOC
Imagine being able to see a doctor without leaving your couch
- that’s TeleDoc in a nutshell! It’s like having a doctor’s office right in your pocket. With TeleDoc, you can have video chats or phone calls with healthcare providers for all sorts of nonemergency issues, from pesky colds to mental health checkins. No more sitting in crowded waiting rooms or taking time off work for appointments.
TeleDoc is changing the game, making healthcare more accessible and convenient than ever before. It’s not just the future of healthcare - it’s the now, and it’s pretty awesome!
And the best part...this is available at a $0.00 copay to you!
Teladoc doctors can treat many medical conditions, including:
• Cold & Flu Symptoms
• Allergies
• Sinus Problems
• Sore Throat
• Respiratory Infection
• Skin Problems
TELEDOC FOR MENTAL HEALTH
If something is on your mind - big or small - talking to an expert can help. Our licensed therapist, pick a licensed therapist that is convenient for you and then talk to the therapist from the privacy of home or anywhere you feel comfortable.
TELEDOC FOR TOBACCO CESSATION
Quit smoking for good through our virtual nurse coaching program. Start a program to quit smoking for good. Get ongoing support from one of our nurses by phone or video.
• Get consistent support with proven tips to quit
• Earn an official certification of completion
• Feel satisfaction from quitting for good
PRESCRIPTION COVERAGE
If you are enrolled in one of SBP Medical plans, you automatically have prescription drug coverage through CVS Caremark.
Check out CVS Caremarks mobile app today to learn more about what drugs are in our formulary (list of covered prescriptions) and how you can sign up for mail delivery on your prescriptions.
HEALTH SAVINGS ACCOUNT (HSA | FLORES)
HSAs are a cool way to save money on health care expenses! Think of HSAs as a special savings account for your everyday health costs.
A Health Savings Account (HSA) is a tax-advantaged account that belongs to you and is paired with a High Deductible Health Plan (HDBP). This account can help pay for eligible medical, vision, and dental expenses. The additional contribution or “catch-up” amount for individuals aged 55 and older is $1,000. Any unused HSA dollars will rollover to the next plan year. Employer contributions are only available for the Value Plan (RBP HDHP).
You are eligible for an HSA if you enroll in SBP’s Value or Premium Plan.
FLEXIBLE SAVINGS ACCOUNT (FSA| FLORES)
Flexible Spending Accounts (FSAs) provide opportunities to pay for eligible out-of-pocket health care and dependent care with pre-tax payroll deductions.
2025 HSA Employer Funding Amounts (Value Plan ONLY)
* Limited Purpose FSA can be used to pay for eligible outof-pocket dental and vision expenses
MEDICAL FLEXIBLE SPENDING ACCOUNTS (FSA)
FSAs are a cool way to save money on health care expenses! Think of FSAs as a special savings account for your everyday health costs.
Here’s how it works: you decide how much to contribute from your paycheck (before taxes!), and then you can use that money for things like doctor visits, prescriptions, or even contact lenses. The best part? You’re saving money on taxes while taking care of your health needs. Just remember, FSA funds need to be used within the plan year, so it’s important to plan your contributions carefully. It’s a smart way to make your hard-earned money go further when it comes to health and care expenses!
You are eligible for an FSA if you enroll in SBP’s Elite Plan or if you are not enrolled in one of SBP’s medical plans.
DEPENDENT CARE (FSA)
The Dependent Care FSA is an account that allows you to contribute pre tax portions of your paycheck to pay for qualified expenses for care of your dependents while you work.
Annual contributions may not exceed the limits set by the IRS, for 2025, the limit is $5,000. You may use this account to pay for eligible services for children under age 13 that you claim as a dependent. You may also use this account for dependent adults incapable of caring for themselves (if you provide more than 50% of their support).
LIMITED PURPOSE FLEXIBLE SPENDING ACCOUNT (FSA)
A Limited Purpose FSA allows you to set aside pre-tax dollars for dental and vision expenses only for you and your dependents, even if they are not covered under your primary health plan.
Limited Purpose FSA can be used to pay for eligible out-of-pocket dental and vision expenses ONLY.
For 2025, the limit for the Limited Purpose FSA is $3,300.
You are eligible to open a limited-purpose FSA if you are enrolled in SBP’s Value (RBP) or Premium Plan, which automatically comes with a Health Savings Account (HSA). Per the IRS, you are not able to be enrolled in both an HSA and FSA at the same time.
Just like a regular medical FSA, a limited-purpose FSA is a use-it or lose-it account. Meaning you must spend all dollars in 2025. The IRS does allow $660 to rollover into the next plan year, but that is all.
Health Care FSA vs. Health Savings Account
LIFE & DISABILITY INSURANCE
All employees are automatically enrolled in Basic Life, Basic AD&D, and Short Term Disability. Full-Time employees are also automatically enrolled in Long Term Disability
Basic Life and Accidental Death and Dismemberment insurance are available through Sun Life at no cost to you. The benefit is paid out in a lump sum to your beneficiaries in the event that something happens to you. You also have the option to purchase additional life and AD&D, so review your Plan Summary or contact Sun Life for more details. Now is a good time to check and update your beneficiaries.
SBP also provides employer-paid Short-Term Disability (to all employees) and Long-Term Disability (to full-time employees). Disability insurance provides you with income protection when you are unable to work due to an illness or accident that happened outside of work.
COMPANY PAID BENEFITS: LIFE AND DISABILITY
Life Benefits: You can’t put a price tag on your life, but you can protect your loved ones with life insurance in the event of a loss. SBP provides you with Basic Life and Basic Accidental Death & Dismemberment (AD&D) at NO COST to you! ALL SBP employees are automatically enrolled in SBPs Basic Life Benefits on your date of hire!
Disability Benefits: Life is full of surprises and why not be prepared? SBP provides you with Short-Term Disability (STD) and Long-Term Disability (LTD) at NO COST to you! ALL SBP employees will be automatically enrolled in STD on your date of hire. And all full-time employees will be enrolled in LTD on your date of hire. But please note that any benefits you receive will be considered taxable income.
401(K) RETIREMENT SAVINGS PLAN
ABOUT 401(K) RETIREMENT
Saving for retirement doesn’t have to be complicated. SBP makes it easy through automatic payroll deductions and a generous company match to help your money grow.
Plan Year: January 1, 2026 – December 31, 2026
Provider: Principal Financial Website: principal.com/Welcome
Who’s Eligible:
All full-time and part-time employees are eligible to participate in the 401(k) plan on the first of the month following 30 days of service. Once you’re eligible, you can enroll at any time! No need to wait for open enrollment.
What SBP Offers
SBP matches $0.50 on every $1.00 of your before-tax contributions, up to 6% of your pay. That’s free money added to your retirement savings, just for participating!
You can choose between:
• Traditional 401(k): Contributions come out of your paycheck before taxes.
• Roth 401(k): Contributions come out after taxes, and qualified withdrawals are tax-free.
INVESTING MADE EASY
Not sure how to choose investments? No problem. Your account will automatically be set to the plan’s default option (a Principal LifeTime Hybrid CIT based on your expected retirement age). You can update your investment choices at any time.
Want help choosing?
Visit: principal.com/MatchEnrollmentWebinar
STAY CONNECTED
Once you’re enrolled, you’ll receive regular updates and tips to help you make smart decisions about your financial future.
DON’T FORGET TO ADD A
BENEFICIARY
This ensures your savings go to the people you care about if something happens to you. You can update your beneficiary at any time through your Principal account.
VESTING SCHEDULE
You’re always 100% vested in your own contributions. You’ll become vested in SBP’s matching contributions based on your service:
Enroll now using any of these simple methods:
• Visit: principal.com/Welcome
• Use the Principal® app (download in your app store)
• Text ENROLL to 78259
• Website available in Español
HOW TO GET STARTED SET UP YOUR ACCOUNT
When enrolling, you’ll:
• Set your contribution rate
• Choose or review your investment options
• Designate your beneficiary
• Set up security preferences and read key plan notices
* Employees are always fully vested in their own contributions and are fully vested in the employer match after six (6) years of employment.
VOLUNTARY PLANS
We’ve teamed up with Voya and Nationwide to give you extra insurance options. With Voya, you can choose from four different plans: Critical Illness, Hospital Indemnity, and Accident insurance. These plans give you a cash benefit to help cover expenses that your medical plan might not. You get a lump sum payment that you can use however you need. Check out the plan summaries for a complete list of what’s covered. We know pets are family too, so we’ve partnered with Nationwide to offer Pet Insurance. This plan helps reduce your costs when your furry friend needs to see the vet
CRITICAL ILLNESS
There are more than just medical bills to pay after a heart attack, stroke, or other unexpected covered medical condition. Critical Illness Insurance provides a benefit payment that can help.
Critical Illness Insurance doesn’t replace your medical coverage; instead, it complements it.
The benefit payments don’t go out to pay for medical bills or treatments you may need, instead they come in directly to you to be used however you’d like.
HOSPITAL INDEMNITY
Out-of-pocket costs from a stay in a hospital or other medical facility can be overwhelming. As expenses add up, Hospital Indemnity Insurance can help.
Hospital Indemnity Insurance doesn’t replace your medical coverage; instead, it complements it. The benefit payments don’t go out to pay for medical bills or treatments you may need, instead they come in directly to you to be used however you’d like.
ACCIDENT INSURANCE
When an injury happens, Accident Insurance can help.
Accident Insurance doesn’t replace your medical coverage; instead, it complements it. The benefit payments don’t go out to pay for medical bills or treatments you may need, instead they come in directly to you to be used however you’d like.
PET INSURANCE
We all know our furry friends are part of the family, and just like us, they can have unexpected health issues. With pet insurance, you can make decisions about your pet’s care based on what’s best for them, not just what your wallet can handle.
EMPLOYEE ASSISTANCE PROGRAM
(COMPSYCH)
You encounter more than just health concerns throughout your life. Manage life’s curve balls with a confidential and complimentary program designed to provide counseling, support, and resources for a variety of personal issues like stress and anxiety, relationship struggles, substance abuse, elder care, financial worries, and much more. Your ComPsych® GuidanceResources® program provides confidential counseling, expert guidance and valuable resources to help you handle any of life’s challenges, big or small.
The program offers confidential guidance to help you address and resolve everyday situations at no cost to you and your family. You will receive 5 sessions per situation, per person, per calendar year.
HOW COMPSYCH CAN HELP
Confidential Emotional Support
• Anxiety, depression, stress
• Grief, loss and life adjustments
• Relationship/marital conflicts
Work and Lifestyle Support
• Child, elder and pet care
• Moving and relocation
• Shelter and government assistance
Financial Resources
• Retirement planning, taxes
• Relocation, mortgages, insurance
• Budgeting, debt, bankruptcy and more
Legal Guidance
• Divorce, adoption and family law
• Wills, trusts and estate planning
• Free consultation and discounted local representation
Digital Support
• Connect to counseling, work-life support or other services
• Tap into an array of articles, podcasts, videos, slideshows
• Improve your skills with OnDemand trainings Life is challenging. We can help. Confidential 24/7 support.
REACH OUT TODAY!
24/7 Live Assistance: Call: 877-595-5284
TRS: Dial 711
Online
Will Preparation
• Quickly and easily complete a will on your computer with EstateGuidance®
• Specify guardians, trustees and property division
• Provide funeral and burial instruction
guidanceresources.com
ID: EAPComplete
What happens when I call for counseling support?
When you call, you will speak with a GuidanceConsultantSM, a master’s- or PhD-level counselor who will collect some general information about you and will talk with you about your needs. The GuidanceConsultantSM will provide the name of a counselor who can assist you. You will receive counseling through the EAP up to 5 sessions per issue, per person, per calendar year. You can then set up an appointment to speak with the counselor over the phone or schedule a face-to-face visit
