Kimberly Clark

K-C Benefits Buzz

Your Benefits Big Picture

In this edition of K-C Benefits Buzz, you’ll find information about K-C’s 2019 profit sharing contribution, your benefits big picture, K-C tax related documents, the 2020 payroll and time reporting transition, and the new tool to store your HSA receipts online.


2019 Profit Sharing Contribution

For 147 years, our products have made a daily impact on consumers as we provide the essentials for a better life. But we also recognize all of the work that goes into getting our products onto store shelves. With every sales call, production shift, or email sent, we couldn’t do it without you.

2019 was a big year for K-C as we challenged ourselves to play to win and transform the way we continue to ignite growth. The adjusted Earnings Per Share (EPS) target not only measures K-C’s performance against this challenge, but it also helps determine the amount K-C contributes in annual discretionary profit sharing. This discretionary contribution ranges from 0% to 8% of your eligible earnings, with a target of 4%.

Thanks to the teamwork, creativity, and contributions of K-Cers in 2019, K-C made a profit sharing contribution to eligible participants’ 401(k) & Profit Sharing Plan accounts on February 7.

View your contribution amount by logging in to netbenefits.com.


Your Benefits Big Picture

Leading the world in essentials for a better life starts with you. Whether your job has you on the mill floor, in the field, or behind a desk, you play an important role in delivering the quality products our consumers know and trust. Together, our contributions make K-C’s vision for success possible. This success allows us to reinvest in our consumers, our business, and our people. The benefits we offer are designed to take care of you and your family – from the daily essentials to life’s special moments, and everything in between. Here are a few highlights of what’s included in your K-C benefits package for eligible employees and dependents.

Comfort & Extra Care

From sniffles to happy tears, Kleenex® and your K-C benefits are there to care for you during life’s moments. With a Kleenex in hand, use your:

  • Sick Leave* to help you recover and recharge from illness or injury, and
  • Education Assistance to enhance your skills and prepare for growth at K-C.

Did you know?

In 2019, K-C contributed over $1 million in education assistance to 552 employees.

Daily Essentials

The same way Cottonelle® is a daily essential in our consumer’s lives, so are the health and welfare benefits K-C provides you. They include coverage for:

  • Medical with annual checkups and other in-network preventive care 100% paid for by K-C, and
  • Prescription with K-C paying the full cost of maintenance prescriptions for certain conditions such as diabetes, asthma, and high cholesterol / blood pressure.

Did you know?

In 2019, K-C paid over $113 million in medical claims and $10 million for the cost of maintenance prescription drugs.

Future Protection

Just like the extra confidence we give our consumers with Depend® underwear, K-C wants you to feel confident in your retirement planning. K-C is committed to investing in your future retirement with our:

  • 401(k) & Profit Sharing Plan (PSP) that includes a 4% Company match and an annual discretionary profit sharing contribution based on K-C’s performance.

Did you know?

In 2019, K-C contributed over $44 million in Company match and over $37 million in discretionary profit sharing.

Accident Recovery

Our Scott® Paper Towels pick up life’s unexpected messes every day. But the unexpected doesn’t stop with spills and crumbs. That’s why K-C provides:

  • Basic Group Life Insurance at two times your annual base pay as income protection for your loved ones, and
  • Back-up Care* for when you need last minute child or adult care.

Did you know?

K-C provides over $1.5 billion in basic group life insurance coverage at no cost to you and your fellow K-Cers.

*If you’re covered by a Collective Bargaining Agreement (CBA), refer to your contract book for eligibility.

Special Moments

From the first smile to the first steps, our Huggies® diapers are there with comfort and an extra hug. We also understand the importance of our K-Cers not missing their own special moments with their newest family member. So, we offer:

  • Short-Term Disability (STD) for birth mothers as paid time off and wage replacement following child birth, and
  • Parental Leave* with 160 hours of paid time off for eligible new parents, including adoption and surrogacy.

Did you know?

In 2019, K-C provided over 2.5 million hours of paid time off benefits.


Tax Time is Here

Below is an overview of the tax-related documents you may receive for 2019 and any required action.

2019 Form W-2

If you completed your online ADP registration before January 1, 2020:

  1. Go to my.adp.com.
  2. Enter your User ID (e.g., ASmith@KimClark) and password, then click Log In.
  3. Under Tax Statements, select 2019 as the Tax Year and then click Download Statement.

If you didn’t complete your online ADP registration before January 1, 2020, your 2019 Form W-2 was mailed to your home in late January.

Other Tax Forms

Form Mail Date Description
Form 1099-SA Mailed in late January Shows funds withdrawn from an HSA in 2019; use to complete your tax return.
Form 1095 Mailed in late January Displays the months of the year that you and your eligible dependents were offered or enrolled in K-C medical coverage.
Form 5498-SA Will mail after the tax filing deadline on or after May 31 Includes information about all HSA contributions made for 2019; for your information only.

Questions?

  • For questions about your 2019 Form W-2: Submit an askHR ticket on @myHR.
  • For questions about your Health & Welfare tax forms (e.g., Form 1095): Call the K-C Benefits Information Line at 800-551-2333 and select the Health & Welfare option.

2020 Payroll & Time Reporting Transition

In the recent Annual Enrollment guide, we announced the upcoming vendor transition impacting K-C’s payroll and time reporting systems in 2020. As we get closer to the transition, you’ll hear more about the new technology and changes being introduced. Here’s what to expect this year regarding the timing of the transition and when you’ll receive more information.

July

Transition webpage and payroll resources available on mykcbenefits.com

August

Employee training begins.

September

Employee training continues.

Electronic time reporting system launches.

October

The new payroll system goes live.


More Ways to Save with the HSA

ConnectYourCare’s (CYC) HSA Save-It tool allows you to store your HSA receipts online and records withdrawals in your HSA as you make them. It’s always a good idea to keep your receipts and other documentation together in case of an IRS audit.

To get started, log in to your CYC account at connectyourcare.com and go to More Actions > Go to HSA Save-It

Some of the benefits information in this newsletter may not apply to you.

This notice may include a discussion of Plan terms and policies. It is intended to be a brief description and cannot present all of the details of the Plan provisions. In all cases, the provisions of the applicable Plan will govern. Except for certain provisions subject to collective bargaining, Kimberly-Clark reserves the right to make changes to its benefits programs at any time.



Disclaimer

This site is provided to help Kimberly-Clark (K-C) employees better understand their benefit plans. It does not guarantee coverage under a plan and does not provide complete descriptions of K-C benefit plans. K-C reserves the right to change these plans at any time. In all cases, the formal Plan Documents will govern.

If you are an organized hourly employee covered by these plans, see your HR representative or other person designated at your unit for information on how your plan(s) may differ from the information on this site. You may also call the Benefits Information Line at 800-551-2333. Empyrean representatives are available Monday through Friday, 9 a.m. to 5 p.m. ET and Fidelity representatives are available Monday through Friday, 8:30 a.m. to 8:30 p.m. ET. From outside the U.S., dial your country’s toll-free AT&T Direct Access number then enter 800-551-2333.