Air Power Dynamics

Table of Content

  1. Header
  2. Your 2024 Air Power Dynamics Benefits
    1. To Our Employees:
    2. Eligibility & Qualifying Events
    3. How to Enroll
    4. Medical
    5. Summary of Benefits and Coverage (SBC)
    6. Prescriptions
    7. Virtual Visits
    8. FSA
    9. HSA
    10. Dental
    11. Vision
    12. Basic Life and Voluntary Life
    13. Disability
    14. Hospital Indemnity, Accident and Critical Illness Insurance
    15. Employee Contributions
    16. Understanding your Benefits
    17. Carrier Contacts
  3. Employee Assistance Plan (EAP)
    1. Guardian EAP
    2. MetLife EAP
    3. Ease@Work EAP
  4. Compliance Notices
  5. Total Rewards
    1. Company Time off and Holidays
    2. 401(k) Retirement & Profit Sharing
    3. FMLA
  6. Questions?
  7. Footer

Compliance Notices

Federal regulations require employers to provide certain notifications and disclosures to all eligible employees. The compliance packet linked is dedicated to those disclosures for your [Add Dates] plan year. If you have any questions or concerns please contact your HR Department.

Total Rewards

401(k) Retirement & Profit Sharing

Saving for retirement is one of the most important financial goals you’ll ever set. Having a strong retirement plan will give you more freedom and control over your lifestyle down the road, ensuring a financially secure future for you and your family.


[Company Name] 401(k) Retirement Savings Plan At-a-glance

Enrollment is automatic:

You will be automatically enrolled in Gray’s plan after you become eligible or 45 days after your date of hire. Unless you make an alternative election (or affirmatively opt out), 3% of your pay will be deducted from your paycheck each period on a pre-tax basis and contributed to your account automatically. Re-enrollment each year is also automatic. Also, unless you change your contributions, your savings rate will increase by 1% each January 1st (up to 12%) unless you login and opt out.


Access your account online.

For information about your retirement plan benefits, head to gray.trsretire.com to create or sign into your account.


Employee Stock Ownership Plan

[Company Name] is one of our most exciting benefits! It’s a qualified retirement plan governed by ERISA (IRS, Department of Labor) that provides team members with ownership in [Company Name], thus sharing in the capital growth and dividends of the company. It’s also an effective tool for business ownership succession planning.


Who can participate?

All full or part-time team members are eligible to participate once the following criteria are met:

  • Must have completed one full year of service, with no break in employment.
  • Must have worked at least 1,000 hours in the one-year period.
  • After all criteria has been satisfied, you will enter the plan on either January 1 or July 1 (whichever date comes first after you become eligible).


Contact Information

401(k): For questions on the 401(k) please call {Carrier Name and Phone Number].

Employee Stock Ownership Plan: Should you have questions regarding the ESOP, please contact the Gray Benefits team at 859.244.9859 or email benefits@gray.com.

FMLA

Any time you are missing work due to your own serious medical condition or the care of a family member’s condition, please follow the steps below:

 

  • Contact your Supervisor or Human Resources
  • Call toll-free at [Phone Number] to initiate your claim as soon as your leave begins. Your claim can be initiated Monday through Friday, between the hours of [add hours available]. Please be prepared to provide the following information:
  • Your Group # is [Group Number]
  • Your name, social security number, address and telephone number
  • Physician’s name, address, phone and fax numbers  
  • Please sign the authorization on the back and provide a copy to your treating physician(s)   
  • After your claim has been initiated, for questions regarding ongoing claim status, you may call [Phone Number] to speak with a Representative.

 

About Family Medical and Leave

 

  • The Family Medical Leave Act (FMLA) is the federal law that provides up to 12 weeks or 26 weeks of unpaid job-protected leave during a 12-month period (which need not be consecutive).
  • Qualifying events for the FMLA:
  • Birth of a child
  • Adoption of a child
  • Care of an immediate family member with a serious health condition
  • Immediate family member includes: spouse, child or parent 
  • An employee’s own serious health condition
  • Military leave
  • Caregiver leave
  • Qualified Exigency
  • Leave can be taken in one of three ways:
  • Continuous – one unbroken block of time
  • Intermittent – leave used in blocks of time that start and stop throughout an approved period for leave
  • Reduced Schedule – leave taken by an employee working less hours a day and/or fewer days a week

 

For more information or if you have any questions on the program or the FMLA, please contact your HR department.

Questions?

As you consider your benefit options, please be sure to review all available information. If you don't understand your benefits or need any assistance, please contact Human Resources.