WHAT IF I...?

Join Valassis

If you’ve recently joined Valassis, welcome! We’re delighted to have you as an associate and want to make sure that you understand the benefits available to you so you can take maximum advantage of them.

IMPORTANT: Be sure to make your benefits elections within 31 days of your eligibility date (the first day of the month following your date of hire). Otherwise, you will have to wait until the next open enrollment period.

Here are some things you need to do as a new associate:

• Review orientation materials.

• Complete forms. You should complete:

  • Your W-4 (withholding election) form

  • Your I-9 (employment eligibility verification) form

  • Direct Deposit form

  • Any other necessary enrollment forms and paperwork

• Select health care coverage. When eligible, you, your spouse and/or your dependents can enroll to receive the following coverage:

• Medical, dental and vision coverage

 

• Review company-sponsored coverage. When eligible, you are automatically enrolled for:
  

• Short-term Disability Insurance
  
  
• Long-term Disability Insurance
  
  
• Basic Life and Accidental Death and Dismemberment (AD&D) Insurance
  
  
• Employee Assistance Program
  
  
• Determine additional insurance coverage needs. If you would like coverage in addition to what is provided to you by Valassis, you can select:
  
  
  • Dependent Term Life Insurance for your spouse, domestic partner and/or children
    
    
  • Voluntary and/or Supplemental life insurance coverage on an individual basis (if applicable). You pay the full cost for any additional coverage through payroll deductions.

 

• Designate beneficiaries. You must name a beneficiary for your:

• Basic Life and Voluntary Life and AD&D Insurance

• Valassis Retirement Savings Plan (if you are married, your spouse is your beneficiary unless he or she consents in writing to an alternate beneficiary).

To designate or change a beneficiary, sign onto www.valassisbenefits.com and choose the "Enroll or Make Changes" option in the upper right hand corner. You are automatically the beneficiary for any life insurance you elect for your spouse and children. You may also complete a life insurance beneficiary designation form or one for the retirement plan or contact the Associate Resource Center or your HR Representative. To designate or change a beneficiary for the Retirement Savings Plan, complete the beneficiary designation form and submit it to your HR Representative.

• Determine Flexible Spending Account (FSA) needs. Through an FSA, you can set aside before-tax dollars to pay for eligible health and dependent care expenses that are not covered by other Valassis plans. You can participate in a:

• Health Care Spending Account, and/or

• Dependent Care Spending Account. If you set up this account, Valassis will match your contributions, dollar-for-dollar, up to the first $600, for a total annual contribution of $5,000 if you are single and file as head of household or married and file jointly; $2,500 if you are married and file separately. You must be hired by 10/1 to be eligible for the company contribution for the next year.

• Determine Retirement Savings Plan participation. You can save up to 50% of your pay on a tax-deferred basis. You can enroll to have pre-tax 401(k) or after-tax Roth 401(k) contributions taken from your check. After you have one year of service if you have worked 1,000 hours in the plan year, you will be eligible for a profit sharing contribution.

• Roll over money from another employer’s 401(k) plan.

  Visit JP Morgan's website, www.retireonline.com, or call them directly at 1-800-345-2345.

• Determine Employee Stock Purchase Program participation. You can purchase shares of Valassis common stock through regular payroll deduction. All costs and expenses incurred in administering this plan shall be paid by the company. Partipants are responsible for paying a small charge associated with the selling of the stock in their plan.