Kimberly Clark
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K-C Benefits Buzz

In this edition of K-C Benefits Buzz, you'll find information on the 2022 Profit Sharing contribution, financial wellness and investing education, what's in store for tax time, how to save money with Perks at Work, and a fun brain break.

2022 Profit Sharing Contribution

K-C’s benefits package is an important one designed to support your overall wellbeing. This includes the investment K-C makes in your 401(k) through the Company match and annual discretionary profit sharing contribution (4% target). Despite the business challenges we faced together last year, we’re excited to announce that your hard work, perseverance, and commitment have resulted in a 2022 profit sharing contribution into your 401(k) & Profit Sharing Plan (PSP) account.

Based on K-C’s 2022 adjusted Earnings Per Share, the profit sharing contribution is 3.6%, for a total company contribution of $44 million. This means K-C contributed 3.6% of your eligible 2022 earnings into your 401(k) account on February 3.

See how much K-C contributed to your 401(k) account by logging in to netbenefits.com. From the homepage, click Summary under 401(k) Quick Links and then select the Transaction History tab. Stay tuned for the 2023 Profit Sharing Scale coming soon.

Financial Tools That Can Move You Forward

If keeping track of what goes in and out of your wallet feels overwhelming, figuring out your overall financial health can seem impossible. But you’re not alone. You have access to a variety of benefits that are here to help you save for today, tomorrow, and years down the road.

To gauge where you are with your savings strategy and access resources to help move you forward, take a look at:

Fidelity’s Financial Wellness Check-up (Scan the QR code. Then you’ll need your netbenefits.com login credentials.)

Fidelity’s Financial Education videos (Scan the QR code.)

Fidelity: One Stop for HSA and 401(k) Savings

If you had a Health Savings Account (HSA) balance transfer from Optum Financial or you’re eligible and new to the HSA, Fidelity is now your one-stop shop for your 401(k) and HSA in 2023. Did you know that, like your 401(k), you can also choose to invest your HSA money for potential growth? It's a great way to build your account with tax-free interest. The best part is that there are no investment minimums or account transaction fees with Fidelity, so you can start investing right away. Fidelity HSAs are brokerage accounts, giving you more options for simple, seamless investing of your HSA money in a range of mutual funds, stocks, bonds, exchange-traded funds (ETFs), Treasuries, and more.

Learn more about HSA investing by logging in to netbenefits.com and selecting Health Savings Account > Investing. You can also call Fidelity at 800-551-2333. Representatives are available Monday through Friday, from 8:30 a.m. to 8:30 p.m. ET.

Financial Help is a Phone Call Away—Put Fidelity on Speed Dial

Do you have money questions? Simply pick up the phone and call a Fidelity planning consultant. They can help you work through your money-related questions at no cost to you. This includes helping you create a budget, manage debt, save for life’s milestones, and prioritize expenses.

Here’s how it works:

  1. Contact a Fidelity planning consultant. Call 866-811-6041 for one-on-one personalized support. Representatives are available Monday through Friday, from 8:30 a.m. to 8:30 p.m. ET.
  1. Detail your full financial picture. When you call, the Fidelity planning consultant will pull up your K-C account on NetBenefits to review your retirement, HSA balance, and any other Fidelity account (if applicable). However, you can also provide details on other important parts of your financial picture to the planning consultant, including any debt, expenses, and additional savings.
  1. Ask lots of questions. After explaining your current financial situation, explain where you want to be. The planning consultant will answer your money-related questions and make a financial plan that works for your individual goals.
  1. Check your progress. It’s important to keep an eye on your progress toward your financial goals. Plan to call back for a quick check-up each year or when you need help along the way.

Fall into Savings with K-C Employee Discounts

Whether you’re looking to save money on movie tickets, a new laptop, or travel, K-C’s employee discount program can help you save time and money. With the employee discount program, you can get discounts at over 30,000 brands and retailers by using Perks at Work.

To get started, go to perksatwork.com and log in using your K-C email address. If you haven’t set up your account, click the Sign Up for Free button, and create an account using your K-C email address.

2022 Health Tax Forms

Below is an overview of the health-related tax documents you may receive for 2022.

Form Mail Date Description
Form 1099-SA Mailed in late January Shows funds withdrawn from an HSA in 2022; use to complete your tax return.
Form 1095 Mailed in early March to employees with a paper delivery election Displays the months of the year that you and your eligible dependents were offered or enrolled in K-C medical coverage. An electronic version of the 2022 Form 1095 will be accessible on kcbenefitcompass.com by mid-February.
Form 5498-SA Will mail after the tax fling deadline on or after May 31 Includes information about all HSA contributions made for 2022; for your information only.

Questions?

  • For questions on Form 1095: Call the K-C Benefits Information Line at 800-551-2333 and select the Health & Welfare option. Representatives are available Monday through Friday, from 9 a.m. to 5 p.m. ET.
  • For questions on Form 1099-SA and Form 5498-SA: Call Optum Financial at 844-594-1228. Representatives are available 24/7, 365 days a year.

Brain Break

Put your financial knowledge to the test by completing the crossword puzzle. If you get stuck or you'd like to check your work, click here to access the answers.

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.