Kimberly Clark

K-C Benefits Buzz

In this edition of K-C Benefits Buzz, you'll find important information on the upcoming transition of K-C’s savings, spending, and reimbursement accounts to Fidelity. Please take the time to read this issue so you’re ready for the changes ahead in the new year.


Health Savings Account Transition to Fidelity

This section applies to you if, during Annual Enrollment, you consented to transfer your Health Savings Account (HSA) from Optum Financial to Fidelity and to have Fidelity open a new HSA on your behalf.

Read below for more information on important transition phases and dates, including the required blackout period.

Note: If you didn’t consent to transfer your HSA, your HSA balance will remain with Optum Financial.

HSA Transition Timeline

These dates are subject to change, so you should continue to monitor your Fidelity HSA throughout the transition timeline.

Important Information

  • The blackout period for your Optum Financial HSA will occur from January 4 – 20, 2023. Review the timeline for more information.
  • If you leave K-C prior to December 1, 2022, your HSA balance will remain with Optum Financial. This means you won't be impacted by the blackout period and will continue to have full access to your HSA balance.
Date Change Overview Your Action Needed
Mid-December
New Fidelity HSA opened
  • Once your new Fidelity HSA is open, you’ll receive an email notification.
  • Your new Fidelity debit card will be processed. Watch for your card to arrive in late December.
  • Activate your HSA on netbenefits.com.
  • Designate your HSA beneficiaries. Your HSA beneficiary elections with Optum Financial won’t carry over to Fidelity.
  • Order additional Fidelity debit cards for any covered dependents by selecting Manage Cards on the Paying tab.
January 1
2023 HSA Contribution Advance is available
  • If you elected to contribute to your HSA for 2023, your contributions will be available in your new Fidelity HSA.
  • With the HSA Contribution Advance feature, you’ll have access to the entire amount you decided to contribute before it’s deducted from your paycheck.
  • If you didn't elect to contribute to your HSA for 2023, you won't have funds available in your Fidelity HSA until January 5.
  • Begin using your Fidelity debit card for any eligible expenses.
January 3
Blackout reminder & Optum Financial debit cards stop working
  • You’ll receive an email reminder from Fidelity about the upcoming blackout period.
  • Last day to use your Optum Financial debit card.
  • Properly discard your Optum Financial debit card.
January 4
Optum Financial blackout begins
  • The Optum Financial blackout period begins. During the blackout period, you’ll only have access to 2023 HSA contributions in your Fidelity HSA.
  • If you seek care during the blackout period and the cost is more than your 2023 HSA balance, ask the provider/facility to bill you for the amount owed so you can pay for the care later. Or you can pay the bill with personal funds and reimburse yourself later when your full HSA balance is available after the blackout period is over.
January 5
2023 K-C contribution available
  • K-C's 2023 HSA contribution will be available in your new Fidelity HSA.*
January 20
Blackout period ends - access to the full balance
  • You’ll receive an email from Fidelity once the blackout period is over.
  • Your Optum Financial HSA funds will be available in your new Fidelity HSA.
  • You’ll continue to use your new Fidelity debit card for all eligible expenses.

*ELT, Executive Officers, and Grades 1-4 aren’t eligible for K-C’s HSA contribution.

HSA Contribution Election Changes

You'll continue to make all HSA contribution election changes on kcbenefitcompass.com. You can update your 2023 HSA contributions after January 1, 2023, by selecting Change HSA Paycheck Contribution on the home page. Your contribution election can be changed at any time prior to November 2.

Optum Financial’s HSA Statements & Tax Forms

After the transition to Fidelity, you’ll continue to have access to your Optum Financial HSA statements and tax forms on secure.optumfinancial.com.

HSA Transition Questions

Beginning December 5, you can contact Fidelity with HSA transition questions by calling the K-C Benefits Information Line at 800-551-2333 and selecting the HSA, Spending, and Reimbursement Accounts option.

For questions related to your Optum Financial HSA, you can continue to contact Optum Financial directly at 844-594-1228.


Spending & Reimbursement Accounts Transition

In addition to the HSA, K-C’s Flexible Spending Account (FSA), Dependent Care Spending Account (DCSA), Commuter Benefits, Education Assistance, and Adoption & Surrogacy Assistance are transitioning to Fidelity effective January 1, 2023. Although Fidelity won’t manage these accounts until 2023, you’ll start to see information on netbenefits.com related to these accounts in mid-December. All 2022 claims should be submitted following the instructions detailed below.

Important 2022 Claim Filing Dates

Adoption & Surrogacy Assistance Claims
  • You have until November 30, 2022, to submit your 2022 Adoption & Surrogacy Assistance claims on secure.optumfinancial.com.
  • Any claims not submitted by the deadline should be submitted to Fidelity on netbenefits.com beginning January 1, 2023.
Education Assistance Claims
  • You have until December 20, 2022, to submit your 2022 Education Assistance claims on secure.optumfinancial.com. You must include the Education Assistance Reimbursement Form with your team leader’s signature and all other required documentation (e.g., receipts, final grades/proof of completion).
  • Any claims not submitted by the deadline should be submitted to Fidelity on netbenefits.com beginning January 1, 2023, and will be reimbursed from your 2023 allocation.
FSA and DCSA Expenses & Claims
  • You have until December 31, 2022, to incur expenses against your 2022 FSA and DCSA balances.
  • You have until March 31, 2023, to submit eligible 2022 FSA and DCSA claims (incurred January 1 – December 31, 2022) to Optum Financial on secure.optumfinancial.com.
  • Any carryover balance (maximum of $570) for your FSA will transition to Fidelity in early April.
Commuter Benefits Claims
  • You have until December 31, 2022, to incur expenses against your 2022 Commuter Benefits balances.
  • You have until March 31, 2023, to submit eligible 2022 claims (incurred January 1 – December 31, 2022) to Voya at presents.voya.com/EBRC/Home/KimberlyClarkCorporation.
  • Any carryover balance for your Commuter Benefits will transition to Fidelity in early April.

New 2023 Benefits

Don’t forget! Effective January 1, 2023, K-C is introducing enhancements and new benefit programs to better support your overall financial, emotional, and physical wellbeing.

401(k) Company Match Increase: The 401(k) Company Match is increasing from 4% to 5%. Make sure you're contributing at least 5% to receive K-C's full Company Match.

New Company Designated Holiday: Save the date! K-C will observe Martin Luther King Jr. Day on January 16, 2023.

Caregiver Leave: You’ll have access to 40 hours of paid time off to help you care for a qualifying family member’s serious health condition. The new caregiver leave policy will be available on K-C & Me in mid-December.

Employee Assistance Program (EAP): K-C’s EAP is transitioning to SupportLinc provided by CuraLinc Health. You’ll learn more about the new EAP in early January.

New Virtual Physical Therapy:To help you with the prevention and management of musculoskeletal pain (e.g., back, joint, muscle), you’ll have access to a virtual physical therapy program through Hinge Health. Go to hingehealth.com/kimberlyclark for more information.

For more information on all of K-C’s 2023 benefit changes, click here.

2023 401(k) & Profit Sharing Plan (PSP) Design Change

Effective January 1, 2023, K-C will remove the 401(k) & PSP restriction to complete a fund exchange or reallocation between the Stable Income Fund and the Self-Directed Brokerage Account. This document constitutes the Summary of Material Modification for the purposes of ERISA.



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.