Page 2 2022 Benefits Guide Anyflip

Leo Migdal

-Nov 19, 2025, 9:09 AM

Crawford, Murphy & Tilly, Inc. 2022 Benefits at a GlanceSome of the many advantages of working at Crawford, Murphy & Tilly, Inc. (CMT) are the benefit programs we offer to you and your eligible dependents. CMT is committed to our employees and their personal welfare and financial security by offering competitive insurance products and 401(k) savings opportunities. The purpose of this document is to provide an overview of the CMT benefits to newly hired full-time employees and to candidates for open full-time positions at CMT. As a new employee, detailed enrollment information will be provided, soon after your first day of employment.

Health Benefits CMT’s competitive insurance products include medical, dental, vision, life and disability coverages. As an employee, you have the ability to select benefits that may be individualized to meet your needs and those of your dependents. Upon request, a Summary of Benefits and Coverage (SBC) can be provided which provides a more detailed account of the varying insurance products coverage. Enrollment at Hire You have 31 days All full-time employees may enroll themselves and their dependents in a variety of benefit plans. Late entrant limitations may from your date apply if forms are not completed properly or submitted in a timely manner. of hire to enroll in the various Eligibility options.

You are eligible for the insurance benefits upon the first day of the month following your first day of hire. You have 31 days from your date of hire to enroll in the various options. 2022 Benefits | 1Open Enrollment Once a year, CMT holds an open enrollment period. During this time, employees may make changes to benefit plans and enroll in different insurance products, such as flexible spending accounts or a health savings account. Employees may also add dependent(s) to insurance coverage or change coverage type. The open enrollment period is typically during the month of st The open November, with an effective date of January 1 .

After the enrollment period, changes to benefits can only be made due enrollment period to a qualifying event occurring, causing a change in life status. is typically during Life Status Change the month of November, with Certain life events can affect benefits. These events are referred to as a qualifying event or a “Life Status Change.” Examples of this an effective date type of an event are the birth or adoption of a child, marriage, of... divorce, or a significant change in my family’s health coverage attributable to a spouse’s employment. When a life status change occurs, an employee may want to enroll in a benefit plan, add or cancel a dependent to a benefit plan, or change the amount of pre-tax money set aside... Changes are generally retroactive back to the qualifying event date.

2022 Benefits | 2Health Insurance CMT offers major medical group health insurance for full-time employees, which is effective the first day of the month following employment. The CMT health insurance contribution amount is based upon the health insurance coverage classification. Health insurance coverage classifications include: 1) Single Coverage, 2) Employee plus Spouse coverage, 3) Employee plus Children coverage, 4) Family coverage, or 5) No coverage when coverage is declined. CMT’s health insurance physician network is provided through United HealthCare and administered by UMR. Two plan options CMT offers major are available for health insurance. The first plan is a Participating medical group Provider Option (PPO) network provider.

The PPO option allows for low co-payments for routine doctor’s visits for illness or injury, health insurance as well as a prescription drug plan for prescribed medications. for full-time The second plan is a High Deductible Health Plan that may be employees. complemented with a Health Savings Account, and includes $2,800 deductible for single coverage or a $5,600 deductible for family coverage. Both plans provide an annual wellness physical for the employee and covered dependents at no charge or co-pay. A Summary of Benefits & Coverage of the plan is available on myCMT, the intranet portal for CMT employees, or upon request. The CMT health insurance contribution may only be applied toward the medical insurance premium and the balance of the premium is paid by a pre-tax payroll deduction.

There is no additional compensation paid to an employee who opts-out of CMT medical coverage and, therefore, does not utilize the cafeteria plan contribution. 2022 Benefits | 3Other Cafeteria Plan Products In addition to the health insurance, CMT employees may make voluntary payroll deductions to purchase other products offered in our Cafeteria Plan Menu. Other products include MetLife Standard Dental and VSP Vision Insurance. Dental Coverage CMT offers dental insurance through MetLife Standard designed to pay a portion of the costs associated with dental care. The dental plan is administered by MetLife Standard and covers preventative (at 100% coverage with no deductible), basic (at 80% with a $50 deductible), and major (at 50% with a $50 deductible if the... You pay the full cost of the dental coverage.

The dental insurance product is voluntary and independent of the health insurance and may be purchased without enrollment in a health insurance product. Vision Coverage CMT offers vision insurance with Vision Service Plan (VSP), which provides assistance paying a portion of the cost associated with routine eye care. The CMT vision plan is administered by VSP. The plan pays for periodic vision exams, eyeglass lenses and frames, and contact lenses up to a designated dollar amount. VSP also provides discounts on laser vision care. You pay the full cost of vision coverage.

The vision insurance is available for enrollment upon hire and annually during the open enrollment period. At the time of enrollment, the employee is making a commitment of one year if selected during open enrollment, or for the duration of the calendar year if selected at hire. The vision insurance product is voluntary and independent of the health insurance and may be purchased without enrollment in a health insurance product. 2022 Benefits | 4Flexible Spending Account (FSA) CMT employees have the option to participate in a flexible spending account plan for medical, dependent care, and public transportation expenses using pre-tax dollars to pay for... Pre-tax money deposited into your flexible spending account(s) can be used to pay for IRS- approved expenses and is not subject to federal and most state/local income tax or social security tax. Each year, the IRS determines the plan limits, and for 2022, you may contribute up to $2,850 to a medical care flexible spending account, up For the medical to $5,000 ($2,500 if you are...

account, a For the medical flexible spending account, a “MyBenny” Visa card “MyBenny” will be issued to all participants that can be used to pay for many Visa card will out-of-pocket health care expenses... To be issued to all utilize the medical flexible spending account, you do not have to be enrolled in any of the CMT insurance plans. Additionally, a participants. new IRS provision was implemented recently, which allows participants of the medical flexible spending account to roll over up to $570 unused funds to be carried over to the following plan year. For the additional flexible spending accounts mentioned, receipts may need to be submitted for reimbursement. Many of these plans are administered under the IRS provisions and can change from year to year.

It is suggested that employees annually consult with open enrollment documents to note any plan changes for the upcoming year or consult with Human Resources for details of the other plans. 2022 Benefits | 5Health Savings Account (HSA) A Health Savings Account (HSA) is an individually owned, tax-advantaged, interest-bearing savings account that can only be used to pay for qualified medical expenses. The IRS requires that you be enrolled in a qualified High Deductible Health Plan that meets their annual minimum deductible and out-of-pocket maximums (CMT’s plan meets these amounts). You may not have any other health coverage, unless it is also a High Deductible Health Plan. Pre-tax contributions to the HSA may be made by the employee through payroll deductions, and the unused balances will roll over from year to year. The HSA and all contributions belong to you as the employee.

A great feature of an HSA is the ability to save money on a pre-tax basis to use for medical expenses into retirement. In the 2022 plan year, CMT will match an employee’s contribution on a dollar-for-dollar basis, up to a maximum of $960 annually ($40 per pay period) if the employee is enrolled in the CMT... The annual amount contributed by CMT will be no more than $960 and may be less if the employee elects to contribute less. The employee deferred amount must be completed through a pre-tax payroll deduction utilizing a Bank of Springfield (BOS) health savings account. The amount contributed will be added to the employee’s health savings account each payroll to match the funds contributed by the employee. The 2022 HSA IRS maximum is $3,650 for an individual, and $7,300 for family.

2022 Benefits | 6Life Insurance CMT provides you with non-contributory term life insurance coverage equal to $50,000 at no cost to you. The principal amount is payable at 50% in the event of accidental dismemberment, including one hand, foot or eye, or at 100% if due to death or if the dismemberment is a combination of... Twice the principal amount is payable for a loss as noted above which is caused by injury while riding as a passenger with a common carrier. In addition, an employee may elect to participate in the voluntary optional life insurance program. This allows employees the opportunity to purchase additional life insurance for themselves, a spouse, and children. The amount of insurance is purchased in increments, and the cost is dependent upon the amount purchased and/or age of the person insured.

Again, this is voluntary and paid for with after tax deductions. The maximum amounts can be purchased without the necessity of completing a medical questionnaire, so you cannot be denied for coverage. This is a great supplement to a policy you may already have, or a way to purchase life insurance for the first time. Disability Insurance CMT also provides disability insurance for full-time employees, effective after one month of employment and becomes effective the first day of the month thereafter. The benefit begins after 14 days (of which CMT underwrites 7 of the 14 days) of the onset of the disability and continues for the duration of the disability, or until age 65, whichever... Disability benefits under the CMT plan are reduced by the amount of government program benefits.

The total of these disability benefits is 60% of salary. 2022 Benefits | 7Profit Sharing Plan/401(k) Retirement Plan Crawford, Murphy & Tilly, Inc. has had a Profit-Sharing Plan in effect since January 1, 1947. The 401(k) Retirement Plan is administered by Vanguard Fiduciary Trust Company Cash pursuant to the terms of a Trust Agreement between the bonuses have Vanguard and CMT, Inc. The type of investment of all money in each employee’s account is determined at the been paid in discretion of the employee among the several types of every year funds in the Plan, subject... A except one since Retirement Plan Committee, consisting of 3 to 12 employees, has a fiduciary responsibility to monitor, the plan was evaluate and recommend change if required for the 401(k) initiated in 1947.

Retirement Plan. Cash Bonus A sum of money determined by the Board of Directors of Crawford, Murphy & Tilly, Inc. is allocated each year ending October 31 for distribution to all employees who are employed on November 30 and have been employed for at least 1,000 hours in the previous year. The allocation of cash benefits among employees is in proportion to the employee’s base pay earnings plus an allowance for years of service as an employee of CMT, Inc. Payment of cash bonuses, if any, is generally made in the second week of December. Cash bonuses have been paid in every year except one since the plan was initiated in 1947.

2022 Benefits | 8401(k) Plan & Matching Contribution Employees are encouraged to save toward their retirement through participation in CMT’s 401(k) Retirement Plan. Employees may make voluntary contributions through a payroll deduction as stated by a percentage of salary up to the maximum allowed by the IRS. The CMT 401(k) plan offers the opportunity to build financial security and retirement income for you and your family through a combination of your own and company contributions. CMT will match 100% of the amount voluntarily contributed by CMT will match an employee up to 6% of the employee’s eligible 100% of the compensation. Employees may make an additional unmatched contribution as a payroll deduction up to IRS amount approved limits. These amounts are deposited semi-monthly.

Page 2 2022 Benefits Guide Anyflip

People Also Search

Crawford, Murphy & Tilly, Inc. 2022 Benefits At A GlanceSome

Health Benefits CMT’s Competitive Insurance Products Include Medical, Dental, Vision,

You Are Eligible For The Insurance Benefits Upon The First

After The Enrollment Period, Changes To Benefits Can Only Be

2022 Benefits | 2Health Insurance CMT Offers Major Medical Group