THE PRINCIPIA OPEN ENROLLMENT 2019

We’re here to turn this:

Into this!

What we’ll cover: Introducing our new benefits broker, Keith McNeil Your benefit options for 2019 Your pearly whites Fresh carrots or… Peace of mind for your family Keeping free of concerns about paying bills Any more ways I can lower my taxes? Next Steps: Enrolling can be completed quickly using the Online Annual Enrollment process

Will my benefits automatically continue if I don’t log into the ADP portal during Open Enrollment?

What is included? What is available to me? Low cost Health Insurance Vacation, Health and Personal Leave Social Security Worker’s Comp Insurance Unemployment Insurance Tuition Discount Retirement savings—generous match! Up to 7.5% of your pay period earnings Life insurance and Income Protection plans—Principia pays half the monthly premium Dental & Vision – premiums are paid before taxes are calculated

An Investment in me? Benefits are a significant part of your total compensation! Example: Employee earning $11.00 per hour x 2080 = $22,880 per year in 2018 Wages $22,880 Health Insurance $ 7,071 (Base Plan for employee only) Retirement $ 1,716 Life Insurance $ 124 Short-term Disability $ 158 Long-term Disability $ 50 Social Security $ 1,750 Vacation $ 1,760 Health Leave $ 440 Total Compensation $35,949 or $17.28 per hour For every $1.00 per hour in wages earned, Principia pays an additional $0.57 per hour in benefits

Benefit Highlights 2019 Dental Insurance – The Standard Insurance Company Rates increasing 12.6% for 2019 and guaranteed through 12/31/2020 (Mutual of Omaha would have increased rates over 25% with no rate guarantee) Low and High PPO options Nationwide Dental Network No need to pick a primary dentist Vision Insurance -- EyeMed Rates unchanged for 2019 Insight Network

Benefit Highlights 2019 Basic Life Insurance and Income Security – The Standard Insurance Company Life Insurance –two times annual salary $2,000 coverage for non-employee spouse $2,000 for each child from birth to age 26 Group Short-term Disability Plan - pays 60% of gross salary up to $7,500 for up to 180 days. Premium slightly reduced for 2019. Group Long-term Disability Plan - 60% of gross salary from 91 days to Social Security normal retirement age (“SSNRA”). Premium slightly reduced for 2019.

Benefit Highlights 2019 Optional Term Life Insurance – The Standard Insurance Company Employees Optional Life coverage limited to 5 times your annual salary not to exceed $500,000 Rates based on age band Policy can be converted to individual policy upon termination of employment Spouse Optional Life coverage limited to $250,000 or 50% of the employee coverage Children Optional Life coverage $5,000 per child up to age 25 with employee coverage

Benefit Highlights 2019 Employee Spouse Voluntary Term Life Insurance with The Standard Insurance Company Employee elect for the first time by completing the Evidence of Insurability (“EOI”) form. increase your amount of coverage by $10,000, not to exceed 5 x your earnings or $130,000 – without completing the EOI. Spouse elect for the first time by completing the EOI. increase this amount of coverage by $5,000, not to exceed 50% of your amount or $40,000 – without being required to complete the EOI.

Income Security Plan 2019 Short-term Income Protection = The Standard Insurance Company; after elimination period of 14 days plan pays 60% of gross salary up to $1,000 for up to 11 weeks Long-term Income Protection = The Standard Insurance Company; provides 60% of salary from 91 days to social security normal retirement age (“SSNRA”)

FLEX Accounts Flex Spending: Renewal or participation is not automatic! If desired, this must be elected annually. For the 2019 plan year, the Dependent Care maximum contribution is $5,000 and the Health Care maximum contribution is $2,650.

FLEX Accounts 2018 medical elections by March 15, 2019 Pay for medical expenses and dependent care expenses with pre-tax dollars Annual election maximum: $2,650 for Medical Expenses $5,000 for Dependent Care Expenses Spend 2018 medical elections by March 15, 2019 Submit 2018 Dependent Care Claims by March 15, 2019 2018 Medical Expense Claims by May 15, 2019 FSAs can be used for expenses such as: Covered Prescription Co-pays Doctor and Emergency Room Co-pays Orthodontics Health plan Deductibles and Coinsurance Lasik Surgery Out-of-pocket Dentist or other provider fees Eyeglasses ■ Dependent Care ■ Latch Key ■ Adult Day Care

Benefit Highlights 2019 Dental Insurance – The Standard Insurance Company Rates increasing 12.6% for 2019 and guaranteed through 12/31/2020 (Mutual of Omaha would have increased rates over 25% with no rate guarantee) Low and High PPO options Nationwide Dental Network No need to pick a primary dentist Vision Insurance -- EyeMed Rates unchanged for 2019 Insight Network

Vision Plan Insight Network www.EyeMed.com EyeMed In-Network   EyeMed Insight Network www.EyeMed.com In-Network Out-of-Network VISION EXAM $10 Copay $40 Reimbursement after $10 Copay Exam Frequency Once every 12 months Vision Materials Lenses Single Vision BiFocal TriFocal Lenticular $0 Copay $30 reimbursement after $10 Copay $50 reimbursement after $10 Copay $70 reimbursement after $10 Copay Frames Once every 24 months $0 Copay; $150 Allowance; 20% discount off balance $105 Reimbursement Contacts Evaluation and Fitting Discounted Fee of $50 Not Covered Conventional Lenses $0 Copay; $150 Allowance; 15% discount off balance $150 reimbursement after $10 Copay Disposable Lenses Medically Necessary Lenses $210 reimbursement after $10 Copay Dependent Age Limit To age 26 Please see EyeMed’s Benefit Summary for all details of the plan Rates Effective 1/1/2017: Employee: Employee + 1: Employee + Child(ren) Employee + Family Monthly 2019 Rates $7.16 $13.60 $14.30 $21.04

Anthem Medical Plans

2019 Medical Payroll Deductions Employee Only Employee + 1 Family Annual Out of Pocket Individual Annual EE Contribution EE + 1 Base Plan Monthly $ 54.40 $646.08 $1,026.90 $3,425 $6,850 Includes Rx Copays $ 652.80 $ 7,752.99 $12,322.75 PPO Buy-up Plan Includes HRA $ 182.44 $ 904.20 $1,346.28 (Before HRA payment) $3,000 $6,000 $ 2,189.23 $10,850.36 $16,155.42

Next Steps Personalized Annual Enrollment Packet -- distributed at the Information Meetings Health Plan Information You can update beneficiary information for Life, Voluntary Life at any time on a paper form

Enroll at: https://workforcenow.adp.com Principia Resources Enroll at: https://workforcenow.adp.com There are links to Benefits brochures and additional information on each page. Contact Debbie Thompson or June Brill with any questions.

ADP Portal OPENS: Friday, November 2 CLOSES: Sunday, November 20 at 10:59 pm

Medical link – www.Anthem.com Dental link – www.standard.com/dental Carrier Resources Medical link – www.Anthem.com Dental link – www.standard.com/dental Vision link – www.EyeMed.com www.myFlexonline.com Logon and Register to obtain: Benefit Information Claim Information and Status ID card Copies Provider Locations

Tax Forms to File For Your 2018 tax return: Form 1095 ACA reporting – maintain with your personal tax documents When will it be received? Sent to you by January 31, 2019

QUESTIONS?? Remember: don’t panic! Debbie, June, and Keith are here to help!