Toll Brothers FlipBook.pdf

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BENEFIT PLAN OVERVIEW YOUR BENEFITS PACKAGE INCLUDES: ■■Quality Health Care coverage options, including Prescription Drug coverage ■■Comprehensive Dental coverage ■■Tax-advantaged spending accounts called Flexible Spending Accounts (FSAs), which help to reduce your out-of-pocket expenses for health and dependent care ■■401(k) Savings Plan and Stock Purchase Plan ■■A range of other voluntary benefits, including Vision Coverage, Life and Disability Insurance At Toll Brothers, we believe the best investment we can make is in the people who work with us. That’s why, as an employee of Toll Brothers, you can expect to find a competitive — and comprehensive — benefits package, including programs that provide important financial protection for you and your family, as well as encourage healthy living and preventive care. This brochure outlines what is included in your benefits package and how you can take maximum advantage of all the benefits Toll Brothers offers. Please take time to read it carefully and share this information with family members who may also be eligible. If you have any questions about your benefits package, contact the Benefits Group by phone at 866-947-3378 or by email at benefits@tollbrothersinc.com. WHO IS ELIGIBLE You are eligible to participate in the Toll Brothers benefits program if you are an employee who is regularly scheduled to work 30 or more hours per week. Your dependents are also eligible to receive certain benefits if they are: ■■ Your legal spouse ■■ Your dependent child(ren) up to age 26 4
ENROLLING AND PAYING FOR BENEFITS As a new hire, you are eligible for Toll Brothers benefits on the first day of the month following 60 days of service (called the “effective date”). After your initial new hire enrollment, you will be able to make subsequent changes to your benefit elections during the annual Open Enrollment period. You and Toll Brothers share responsibility for paying for your benefits. The amount you are responsible for paying depends on the coverage options and levels you elect. Toll Brothers has one enrollment period each year. Open Enrollment takes place during the month of May and your elections are effective July 1 each year. You will be able to enroll in, or make changes to, the following benefits during the enrollment period: ■■ Medical and Prescription Drug coverage ■■ Dental coverage ■■ Vision coverage ■■ Health and Dependent Care Flexible Spending Accounts ■■ Supplemental Life and Accidental Death and Dismemberment (AD&D) Insurance ■■ Voluntary Short-Term Disability Insurance MAKING CHANGES TO YOUR BENEFITS IRS rules allow you to pay for certain benefits with pre-tax contributions, but restrict the changes you can make to them during the year. Unless you have a qualified life status change, you cannot make changes to your benefits until the next open enrollment period. Examples of life status changes include: ■■ Marriage or Divorce ■■ Legal separation ■■ Birth or adoption of a child ■■ Death of an eligible dependent ■■ A dependent losing eligibility for coverage (e.g. a child reaches maximum age, or your spouse loses coverage) ■■ You or your spouse become eligible or ineligible for Medicare ■■ Change to spouse’s benefits during his/ her employer’s open enrollment ■■ A termination or commencement of employment by you, your spouse or dependent child(ren) If you experience a qualified life status change, you must contact the Benefits Group at 866-947-3378 or benefits@tollbrothersinc.com within 60 days of the status change. You will be required to submit documentation of the qualified life status change, such as marriage certificate or proof of adoption. Any changes you make to your benefits must be consistent with the nature of your qualified life status change. Note: If you do not notify the Benefits Group within 60 days of your qualified life status change, you must wait until the next Open Enrollment period to make changes to your benefits. 5
Page 3: BEFORE YOU BEGIN Think about it—c
Page 8 and 9: MEDICAL PLAN Toll Brothers offers y
Page 10 and 11: DENTAL & VISION DENTAL PLANS Toll B
Page 12 and 13: INCOME PROTECTION PLANS LIFE INSURA
Page 14 and 15: HEALTHIER LIVING TOLLFIT WELLNESS P
Page 16 and 17: EMPLOYEE ASSISTANCE PROGRAM (EAP) T
Page 18 and 19: ADDITIONAL BENEFITS GROUP AUTO AND
Page 20 and 21: BENEFIT COSTS As a Toll Brothers em
Page 22 and 23: CONTACT INFORMATION Plan Member Ser
Page 24 and 25: IMPORTANT LEGAL NOTICES 22 SUMMARY
Page 26: 24 ADDITIONAL NOTES

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