Health & Welfare
Saving and Spending Accounts
- Retirement Plans
- Joining K-C
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.
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.
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.
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:
Did you know?
In 2019, K-C contributed over $1 million in education assistance to 552 employees.
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:
Did you know?
In 2019, K-C paid over $113 million in medical claims and $10 million for the cost of maintenance prescription drugs.
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:
Did you know?
In 2019, K-C contributed over $44 million in Company match and over $37 million in discretionary profit sharing.
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:
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.
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:
Did you know?
In 2019, K-C provided over 2.5 million hours of paid time off benefits.
Below is an overview of the tax-related documents you may receive for 2019 and any required action.
If you completed your online ADP registration before January 1, 2020:
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.
|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.|
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.
Transition webpage and payroll resources available on mykcbenefits.com
Employee training begins.
Employee training continues.
Electronic time reporting system launches.
The new payroll system goes live.
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.
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.