It’s a Great Year to Be a CoolSys Employee!
January 26, 2023
With 2023 in high gear, this is a perfect time to review the enhanced benefits available to all CoolSys employees.
Health insurance: A low-cost EPO option was added for 2023 that offers insurance coverage as low as $60 a month, along with an improved pharmacy program.
New perks for you and your dependents: Sign up for the Benefit Hub and get great discounts, cash-back opportunities and more. You can save big on:
- Travel
- Auto purchases
- Electronics
- Apparel
- Entertainment and dining
- Health and wellness
- Sports and outdoors
- And more!
For starters, check out what’s available at Active&Fit, Guaranteed Rate and Certified Federal Credit Union. The average employee household can save thousands of dollars a year. To register:
- Go to https://coolsys.benefithub.com
- Create an account
- Enter referral code VQWH7F
If you have a question, call (866) 222-8789 or email wtw@benefithub.com.
401(k) Plan Update
It’s never too early to start thinking about your retirement, whether it’s five months, five years or 25 years away. Enhancements to the CoolSys 401(k) plan for 2023 include:
- Company match: CoolSys will match 100% of the first 3% of your eligible contributions then 50% of the next 2%. You can earn the full company match by deferring 5% of your paycheck*.
- Vesting: The five-year waiting period for vesting on the company match was eliminated effective January 1. Vesting now begins immediately for plan members, regardless of how long they have been contributing.
- Eligibility: Also eliminated was the eligibility waiting period to enroll in the 401(k) plan. New employees will no longer be required to wait before signing up.
*Are you taking full advantage of the company match by contributing at least 5% of your paycheck? Log in to principal.com/contributions to review your contributions. If you have questions or need more information, visit principal.com or call (800) 547-7754 to speak to a retirement specialist, Monday through Friday, 5 a.m. to 7 p.m. Pacific time.