2024-BenefitsGuide-V14-Final

Reliance Rewards Dependent Verification

When Coverage Ends

COVERAGE ENDS ON THE DATE OF YOUR EMPLOYMENT TERMINATION Coverage for you and your dependents ends on the day your employment terminates. This includes coverage under medical, dental, vision, life, accidental death and dismemberment, disability, and participation in the FSA. Deferrals into your HSA will also end. Continuation coverage is available for medical, dental, vision, and, in some instances, FSA (restrictions apply) through COBRA. CONTINUED ELIGIBILITY IN RELIANCE REWARDS DUE TO TERMINATION, LAYOFF, OR REDUCTION IN HOURS Reliance Rewards coverage ends on the last day you are an active employee. You are eligible to continue your coverage under COBRA if you lose your benefits due to a reduction in your scheduled work hours or if you terminate for any reason other than gross misconduct. Below are the 2024 monthly COBRA rates for your reference.

To enroll your eligible dependents, you must submit proof of eligibility for each dependent. The table below gives some examples of acceptable documentation for dependent eligibility verification. Failure to verify will result in termination of benefits retroactive to your dependent’s initial enrollment date.

ELIGIBLE DEPENDENT

REQUIRED DOCUMENTATION

Spouse Includes same gender

Marriage certificate AND Proof of Joint Ownership; OR Prior year state or federal tax return (Extension Form 4868 for current year) Reliance Rewards Affidavit for Domestic Partnership, Common Law Marriage and Civil Unions (Notarized) AND Proof of Joint Ownership AND , where applicable by law a Certification of Tax Status Reliance Rewards Affidavit for Domestic Partnership, Common Law Marriage and Civil Unions (Notarized) AND Proof of Joint Ownership AND , where applicable by law a Certification of Tax Status

Common Law Spouse Where allowed by law

Domestic or Civil Union Partner The employer cost of the benefits for domestic or civil union partners and the children of domestic or civil union partners or other covered dependents may be considered taxable income. Children Under age 26 (covered through the end of their birth month). Natural children, stepchildren, legally adopted children, children who are placed in your home for adoption, and children of your domestic or civil union partner. For the children of your domestic or civil union partner to be eligible, your domestic or civil union partner must also be enrolled in Reliance Rewards

LOW PPO/ SAVER PLAN

COVERAGE TIER

HIGH PPO PLAN

DENTAL

VISION

Employee

$756.84

$704.82

$32.64

$5.17

Proof of parent/child relationship, such as:

Employee & Spouse

$1,591.20

$1,483.08

$68.34

$10.85

• Birth certificate showing the child’s parents • Official hospital record showing the child’s parents • Court-approved adoption papers (with signature or seal) • Qualified Medical Child Support Order (QMCSO)

Employee & Child(ren)

$1,440.24

$1,342.32

$61.20

$9.82

Employee & Family

$2,425.56

$2,258.28

$102.00

$16.53

Children Under Legal Guardianship Eligible to age of majority

Legal Guardianship papers (with signature or seal) AND proof of financial support

401(K) Plan

Disabled Adult Children Age 26 and older andwas disabled prior to age 26. Themedical carrier determines the disabled status under the Plan.

Proof of parent/child relationship AND Proof of financial support AND Proof of residency

Reliance sponsors a 401(k) plan, administered by Fidelity Investments, to help youmeet your retirement savings goals. If you are eligible and choose to participate, youmay elect the amount of money you contribute subject to certain IRS annual limits. If you are amember of a union, please refer to your Collective Bargaining Agreement or ask your local HR representative about your eligibility. The Companymaymake employer contributions to your account. The amount of the contribution, if any, is determined by the Company’s Board of Directors prior to the beginning of each year. Youmay elect to contribute to the plan on a pre-tax basis, or a Roth – or a combination of the two. If you elect pre- tax contributions, you lower the amount you pay each pay period in current taxes. As long as yourmoney stays in the plan, you won’t pay taxes on any investment returns. Themoney you invest compounds year after year on a tax- deferred basis. When you eventually take distributions from the plan (usually at retirement), you pay regular income taxes on themoney youwithdraw. If you elect tomake Roth contributions, themoney you contribute to the plan is deducted fromyour pay after all federal and state income taxes are taken out. When you eventually take distributions from the plan (usually at retirement), youmay not be subject to income taxes on themoney youwithdrawattributable to post-tax contributions, including earnings. However, any company contributionsmade on your behalf will be subject to taxes. You invest themoney allocated to your account based on the choices offered by the planwith the goal of growing your balance to fund your retirement. The plan offers awide variety of investment options, fromconservative to aggressive. To participate in the plan, go towww.401k.com to enroll. If you do not make an election to participate in the plan, and are eligible, youwill be automatically enrolled at 3%pre-tax after 90 days of employment. Youmaywaive participation by logging into your account at www.401k.com. If you need assistance enrolling, you can also contact Fidelity at 800-835-5097. This is an overviewof your 401(k) benefits and does not replace the information provided in the official plan documents.

Working Spouse Provision

The WSP APPLIES if your spouse/domestic partner: • is employed full-time, AND • is eligible to participate in their employer’s group medical plan, AND • elects not to participate in their employer’s group medical plan, AND • chooses to enroll in the Reliance Rewards medical plan The WSP DOES NOT APPLY if your spouse/domestic partner: • is not employed, OR • is employed part-time, OR • is not eligible to participate in their employer’s group medical plan, OR • is enrolled in their employer’s plan, OR • alsoworks for Reliance or another participating employer under the plan

On average, Reliance pays over 91% of the claims costs for our medical/pharmacy plans, this is significantly above the industry average for our size of company. Your payroll contributions are also well below the industry average. Your low cost, rich plan is a great value and is there when you need it. To keep our costs down, the Working Spouse Provision (WSP) rate is an additional $200 per month. IF YOU ARE ENROLLING YOUR SPOUSE/ DOMESTIC PARTNER IN MEDICAL COVERAGE, REVIEWWHETHER OR NOT THE WSP APPLIES TO YOU. IF YOU DO NOTHING, THEN THE WSP RATE WILL BE ADDED TO YOUR PAYROLL CONTRIBUTIONS.

20

21