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Introducing Your 2011 Employee Benefits

Introducing Your 2011 Employee Benefits. Getting Started. All full-time employees must complete a health/welfare benefits enrollment form Required health & welfare benefit elections Medical and dental plans – to enroll or waive Flexible spending accounts – to enroll

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Introducing Your 2011 Employee Benefits

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  1. Introducing Your 2011 Employee Benefits

  2. Getting Started All full-time employees must complete a health/welfare benefits enrollment form Required health & welfare benefit elections Medical and dental plans – to enroll or waive Flexible spending accounts – to enroll Optional benefit elections Supplemental life insurance and Short-term disability insurance Vision Insurance Other voluntary benefits (MetPay, Hyatt Legal, pet insurance, etc.) – via provider Web site Your enrollment form must be submitted to your local human resources team within 31 days of your hire date Your Pegasus health and welfare benefit elections will be effective on the first of the month following your date of hire You will automatically be enrolled in the Pegasus 401(k) plan unless you opt out of the plan within your first 31 days of employment. Your Pegasus 401(k) plan election/deduction will begin the first paycheck of the month following 31 days of full time employment

  3. Getting Started • Available benefits • Health • Welfare • Retirement • Other • Which benefit options best meet my needs? • How does each benefit work? • How much will it cost? • How to sign up for, and customize, yourPersonal Benefits Package

  4. Group Medical Benefits Two Group Medical Plans To Choose From… Core Medical Plan (you assume more responsibility for minor medical costs and enjoy lower payroll contributions) Buy-up Medical Plan (plan assumes more responsibility for minor medical costs and you assume higher payroll contributions) “Open Access Plus Only” Network Direct access to care – any provider can be used, but out-of-network costs may be higher No referrals needed for specialists No claimforms – in-network claims filed by provider www.cigna.com (Open Access Plus Only provider network) www.mycigna.com or 1-800-244-6224 (Register using your SS# if you have not yet received your medical ID card)

  5. Group Medical Benefits Detailed medical plan information can be found at www.pegshr.com

  6. Prescription Drug Benefits Review the prescription drug formulary prior to enrolling in the benefit plan, go towww.cigna.com

  7. Vision Benefits Your choice of glasses or contact lenses each year, not both Detailed voluntary vision coverage information can be found at www.pegshr.com

  8. Dental Benefits Dental PPO Administered by Large network of providers Additional savings by using a network dentist In-network dentists file claims NO ID cards for dental! Just tell your dentist… Group ID =Pegasus Solutions Member ID=Employee SS# http://mybenefits.metlife.com To register and create your password you will need to provide your ss# and date of birth 800-942-0854

  9. Dental Benefits Deductible $50 individual $150 family Covered Expenses Preventative care 100% Basic restorative 80% (after deductible) Major restorative 50% (after deductible) $1,500 annual dental maximum per participant Orthodontia 50% (after deductible) $1,500 lifetime maximum per participant Dependent children only

  10. Medical and Dental Coverage Considerations Which benefit options are right for me? What should I consider when choosing? Who will be covered under the Plan? Is my doctor a Cigna OpenAccess Plus network provider? Is my dentist a MetLife network provider ? What is my total out-of-pocket expense for each plan? What is my current health condition? Does my family need/use vision coverage? What Plan features are important to me? www.pegshr.com What is my cost? See following slides

  11. Employee Contributions to Medical Coverage Coverage 2011 Core Medical Plan 2011 Buy-up Medical Plan Monthly Monthly EE Only $44.24 $110.22 EE + Spouse $158.66 $261.08 EE + Child(ren) $143.72 $243.92 EE + Family $195.44 $372.68 Employee Cost Share – Group Medical You may cover your children under our medical and dental insurance programs up to age 26, unless they have access to their own insurance (i.e. through their own employer). Payroll deductions for medical, dental & vision insurance will be deducted pretax, subject to current tax law.

  12. Employee Cost Share – Group Dental You may cover your children under our medical and dental insurance programs up to age 26, unless they have access to their own insurance (i.e. through their own employer). Payroll deductions for medical, dental & vision insurance will be deducted pretax, subject to current tax law.

  13. Employee Cost Share – Group Vision You may cover your children under our medical and dental insurance programs up to age 26, unless they have access to their own insurance (i.e. through their own employer). Payroll deductions for medical, dental & vision insurance will be deducted pretax, subject to current tax law.

  14. Life and AD&D Insurance Benefits Basic Life / Accidental Death & Dismemberment Insurance (company paid) 1X salary up to $50,000 (minimum coverage = $15,000) Optional Life Insurance (employee paid) Employee 1X, 2X, or 3X salary up to $1 million EOI required for benefit amounts in excess of 2X salary to $300,000 Spouse (employee must elect at least 1X salary in optional) Up to 100% of employee supplemental life benefit up to $250,000 EOI required for any amount over $50,000 Children (must elect at least 1X salary in optional) $5,000 or $10,000 $0.40 or $0.80 per month EOI not required for initial enrollments

  15. Short-term & Long-term Disability Insurance Benefits Short-term Disability (employee paid) 14-day elimination period 60% of salary up to $1,000 per week (minimum = $25/week) After-tax premiums = tax-free benefit Benefit paid for 24 weeks (168 days) after elimination period Seamless transition from short- to long-term disability Long-term Disability (company paid) 60% of salary up to $11,000 per month (minimum = $100/mo.) 180-day elimination period Benefits received are taxable

  16. Flexible Spending Accounts Health Care Spending Account • Pre-tax contributions for expenses not covered by medical or dental plans Deductibles, co-insurance, and co-pays • Over the counter medications can no longer be reimbursed through FSAs unless you provide Adviant with a valid physician’s prescription • Employees can choose pre-tax contributions of $100 to $5,000 for plan year 2011 • Immediately available (not a pay-as-you-go benefit) • Services MUST be INCURRED AND PAID prior to reimbursement. You cannot be reimbursed for a PREPAID health care expense. Orthodontia is the exception to this rule. Dependent Care Spending Account • Pre-tax contributions for eligible dependent care expenses • Employees can choose pre-tax contributions of $100 to $5,000 per plan year • Pay-as-you-go benefit Payroll reimbursements for allowed health care and dependent care expenses are not included in your W-2 income, nor are they subject to taxes and withholding. Federal tax law allows these reimbursements to receive favorable tax treatment for dependent children and dependent relatives who meet the IRS definition of a “dependent” for tax purposes.

  17. Flexible Spending Accounts You contribute money to your account on a pre-tax basis to pay for eligible health care or dependent care expenses Advantages Less taxable income Lower income tax Lower Social Security tax More take-home pay Submit receipts for reimbursement by mail, fax, or scan/email Pay with debit card or receive reimbursements through payroll

  18. Flexible Spending Accounts Convenient Visa debit card that enables Pegasus Solutions FSA participants, and their spouse, to instantly pay for FSA qualified healthcare and dependent care expenses with pre-tax dollars wherever the card is accepted No need to file paper claims and wait to be reimbursed through payroll if debit card is used at a compliant merchant Purchases at non-compliant merchants may require you to provide receipts and back-up documentation to the plan administrator (but not at point-of-sale) FSA debit card account access available online FSA participants will receive 2 cards Detailed FSA debit card information can be found at www.pegshr.com

  19. Flexible Spending Accounts Forfeitures Use it or lose it – Federal tax law requires that you forfeit any amounts not used in your account after all claims related to that plan year have been submitted You have up to three months after the end of the plan year (March 31) to submit claims for expenses incurred during the previous plan year (January 1 – December 31) Forfeited money will be used to defray administrative costs of the Plan

  20. Employee Assistance Program • Participant calls • EAP Call toll-free, 24 hours a day, 7 days a week 1-888-371-1125 or www.cignabehaviorial.com It’s confidential! No cost to employees • Personal Health • Advocate • identifies • appropriate • service. • Telephonic • Support • Face to face • Assessment • Informational • Services

  21. Employee Assistance Program

  22. Employee Assistance Program

  23. Business Travel Accident Insurance $250,000 Coverage Level Covers accidental death and dismemberment No cost to employees Covers you when you travel on Company business

  24. Covers you and your eligible dependents when you are 100 miles or more from your home for business OR pleasure Key Services: Medical Referrals & Appointments/Hospital Admission Guarantee Emergency Evacuation Critical Care Monitoring Medically Supervised Repatriation Emergency Message Transmission Care for Minor Children Legal Referrals General Travel Info (visa, passport, local customs) Lost Document/Luggage Assistance Emergency Cash/BailAssistance Political Evacuation Card/Brochure w/contact number on www.pegshr.com Eligible dependents DO NOT have to be traveling with you to be covered AXA Travel Assistance

  25. 401(k) Retirement SavingsAuto Enrollment You will be automatically enrolled in the Pegasus 401(k) plan A deferral equaling 2% of your eligible compensation will be automatically contributed to the plan Auto-deferrals will be directed into the plan’s qualified default investment Fidelity Asset Manager 70 – a moderately aggressive allocation fund;  a balanced asset mix which strikes a middle-of-the-road path between stocks and fixed-income investments Auto-deferrals begin the first payroll check of the month after 31 days of full time employment unless you… negatively enroll yourself (“opt out” of the plan), or make an alternate election of 1% – 25% of your eligible earnings Log on to www.millimanbenefits.com your user id is your ss# your default password is your birth month & year (mmyy)

  26. 401(k) Retirement Savings 3% Dollar For Dollar Match! Feed your piggy bank… take full advantage of the match!

  27. 401(k) Retirement Savings Example: Eloise Employee Date of Hire: July 13th Interim Dates: 31 days of employment satisfied: August 13th 1st of month following 31 days employment: September 1st First 401(k) Payroll Deduction taken: September 15th The first payroll check Eloise will receive following 31 days of continuous employment will be her September 15th check.

  28. 401(k) Retirement SavingsPostAuto Enrollment Change your deferral % at any time, the change becomes effective at the beginning of the next calendar quarter Change your deferral % to 0 at any time, within the quarter – may not re-enter the plan until the beginning of the following quarter Contribute 1 – 25% of W-2 pay up to the IRS limit of $16,500 for 2011 IRS limit on catch-up contributions is $5,500 (attained age 50, or will attain age 50 during the 2011 plan year, and over) Pegasus will match up to 3% of contribution All enrollments/changes are made online at www.millimanbenefits.com

  29. Voluntary Benefits Suite Special Group Discounts on Automobile, homeowners, renters, personal liability insurance, etc. Pet insurance Fee-based financial planning MetLife bank (online banking) Payroll deductions for premiums with no finance or service charges (direct billing and monthly checking account debits are also available) Enroll or cancel at any time during the year Enroll or cancel by calling 1-800-Get-Met8 or online athttp://mybenefits.metlife.com

  30. Voluntary Benefits Suite Pre-paid legal services Wills Mortgage reviews, document review and preparation Defense of civil lawsuits and identity theft Family matters Debt collection defense All enrollments are for the balance of the calendar year - no changes can be made during the year once you have enrolled 2011 cost is $26.95 per pay month All enrollments are self administered by calling 1-800-Get-Met8 or online at http://mybenefits.metlife.com You may ONLY enroll in your FIRST 31 DAYS OF EMPLOYMENT! Hyatt Legal

  31. Enrollment Form • 2011 form • Complete on line • Add up monthly costs • Access it on PegsHR & complete by deadline 2011 Benefits Enrollment Form

  32. Please Remember All full-time employees must complete a health/welfare benefits enrollment form Required health & welfare benefit elections Medical and dental plans – to enroll or waive Flexible spending accounts – to enroll Optional benefit elections Supplemental life insurance and Short-term disability insurance Vision Insurance Other voluntary benefits (MetPay, Hyatt Legal, pet insurance, etc.) – via provider Web site Your enrollment form must be submitted to your local human resources team within 31 days of your hire date Your Pegasus health and welfare benefit elections will be effective on the first of the month following your date of hire You will automatically be enrolled in the Pegasus 401(k) plan unless you opt out of the plan within your first 31 days of employment. Your Pegasus 401(k) plan election/deduction will begin the first paycheck of the month following 31 days of full time employment

  33. Get your questions answered fast! (214) 234-4604 Guiselle.albritton@pegs.com Help!!!

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