Pharmacy Information
Forms & Additional Information
Your HRA and FSA Benefits
Understanding Medical Plan and HRA
In order to help employees meet their high deductibles, Bread Loaf will make a deposit into the HRA for employees on the medical plan.
An HRA is an employer funded, tax advantaged health benefit plan that reimburses employees for out-of-pocket medical expenses. Employees do not contribute to this plan. Your HRA can be used to pay for a wide range of IRS qualified medical expenses for you or your spouse and tax dependents.
Bread Loaf will contribute $5,500 for individual plans and $11,000 for family plans. The HRA pays the first portion, employees pay the second portion, and the HRA2 pays the final portion.
Eligibility
Employees who are enrolled in the Bread Loaf medical plan are automatically enrolled in the HRA plan.
Contact Us
Healthy Dollars Customer Service: 1-877-687-6921
Email: service@healthydollarsinc.com
www.healthydollarsinc.com
Forms
Your FSA Benefits
Understanding Flexible Spending Account
- May be used to cover medically required health care services that are not paid by your medical, dental or vision plan.
- A good way to set aside money, pre-tax, to cover your portion of the deductible.
- Medical premiums do not qualify for reimbursement
- Claims are processed per IRS guidelines
- Employees will be able to set aside in their FSA account, up to $3,200 annually.
- These funds may be used for health, dental and vision expenses allowed under IRS guidelines
Eligibility
All employees may enroll and contribute to an FSA.
Contact Us
Healthy Dollars Customer Service: 1-877-687-6921
Email: service@healthydollarsinc.com
www.healthydollarsinc.com
Forms
FSA Store
The Richards Group has entered into a partnership with Health-E Commerce, also known as the FSA Store. This gives you access to hundreds of products that have been pre-vetted & approved for use with your Flexible Spending Account.
Did you know you could use your FSA to save money on everyday health essentials like baby health items, health trackers, pain relief products and more?
Here are just a few benefits of using the FSA Store:
- No Receipts Needed
- 2,500+ FSA Eligible Products
- 100% Eligibility Guaranteed
- Skip the claims process when you use your FSA card
This partnership also allows access to their Caring Mill products. Caring Mill is a line of premium healthcare products that support a healthy lifestyle and on average is priced 30% less than branded equivalent products.
With every Caring Mill purchase, a donation is made to Children’s Health Fund, providing necessary treatments to thousands of children in need, throughout the United States.
Curious what your FSA/HSA dollars can cover? Simply enter the product you are looking for in the eligibility list below.
Your Dental Benefits
Your Vision Benefits
Your Life Insurance and AD&D Benefits
Group Life and Accidental Death and Dismemberment (AD&D)
1 times salary, rounded to the next higher $1,000, up to $200,000.
Voluntary Life and Dependent Life Insurance
Employee and Spouse: $10,000 to $500,000 in $10,000 increments.
Dependent Children: 14 days to 6 months – $1,000 flat benefit amount
Dependent Children: 6 months to 25 years – Choice of $2,500, $5,000, $7,500, or $10,000 (one benefit amount and one rate for all eligible children in family)
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Your Disability Benefits
Voluntary Long Term Disability
Long Term Disability insurance protects an employee from loss of monthly income in the event that he or she is unable to work due to illness, injury, or accident for a long period of time.
Voluntary Short Term Disability
Short Term Disability insurance pays a percentage of your weekly salary if you become temporarily disabled and you are not able to work for a short of time due to sickness or injury.
Included Benefits
Forms
Your Voluntary Accident Benefits
Voluntary Accident Insurance
No one likes to think about the possibility of an accident, but the likelihood — as well as the havoc it can cause for families — is very real. Whether it’s an automobile accident, sports injury or the inevitable slip-and-fall, an accident can bring about not only lifestyle challenges but tangible economic ones as well.
Your Critical Illness Benefits
Voluntary Critical Illness
Reliance Standard’s Voluntary Group Critical Illness insurance provides a fixed, lump-sum benefit when critical illness strikes. This includes heart attack, stroke, paralysis and more.
Your Retirement Benefits
Eligibility
You are eligible if you are 19 year of age or older
Entry Dates
January 1, April 1, July 1, or October 1 following completion of the above-listed requirements
Employee Contributions
Eligible employees may defer up to 100% of their gross wages into the Plan on a pre-tax basis to a regular 401(k) account. Participants deferrals cannot exceed the maximum allowable dollar amount per year – ($23,000 for 2024). This level is set by the IRS and is subject to change.
Eligible employees will automatically be enrolled with a 2% deferral unless they elect to not participate or elect a different percentage.
Employer Contributions
Bread Loaf Corporation may make discretionary matching contributions to the Plan. The amount will be determined each year by the employer on a uniform basis for all employees.
Bread Loaf Corporation may make a discretionary profit sharing contribution determined each year. Participants are eligible to receive profit sharing contribution if they are employed on the last day of the plan year.
Vesting
The employee deferral contributions are 100% vested at all times. You will be vested in Employer contributions and any earnings on those contributions according to the following schedule:
4 year graded vesting on Employer Contributions as follows:
- Year 1 – 0%
- Year 2 – 50%
- Year 3 – 75%
- Year 4 – 100%
Investment Options
Plan participants may elect to invest their Plan assets among a list of available investment options. Information has been provided for each of the investments available, in your Enrollment Kit set forth in the quarterly fund fact sheets.
NOTE: For complete details of the Plan or a copy of the Summary Plan Description, please see your Plan Administrator. Should there be any difference between these Highlights and the Plan Document, the Plan Document takes precedence. The Employer also reserves the right to amend or terminate the Plan, or any provision thereof, at any time and for any reason.
Contacts
Morgan Stanley
401(k)
1-800-446-0193
Julie Braun
802-652-6042
Julie.Braun@MS.com
Chris Dubie
802-652-6069
chris.dubie@morganstanley.com
Dean Pelkey
802-652-6038
Dean.J.Pelkey@morgan.stanley.com
Danielle Hogan
802-652-6002
SmartConnect - Medicare Resource
The Richards Group has partnered with SmartConnect™, an exclusive, no-cost program created specifically to connect Medicare-eligible working adults to the world of Medicare benefits. Whether an employee plans to continue working or is transitioning to retirement, we tailor solutions designed around their needs. Our agents provide an unfiltered view of the entire range of options and prices available to the employee.
SmartConnect Contact Information
For more information or to get started, please click on the following link:
Additional Information
Student Loan Repayment
Eligibility
In order to participate in the plan, you must satisfy certain age and service conditions under the plan:
1. Minimum age requirement: In order to participate in the plan, you must be at age 21.
GradFin
The Bread Loaf tuition assistance program is designed to help employees pay back student loan debt and improve their financial well-being.
Utilizing Bread Loaf’s relationship with The Richards Group, consultation services provided through GradFin are provided free of charge. GradFin is a new employee benefit program that is revolutionizing the way employees can reduce their student loan debt.
GradFin will:
- Provide one-on-one education consultations with GradFin Consultation Experts to review your current loan status and discuss personalized payoff options to save on your loans.
- Offer a competitive interest rate reduction when you refinance your loans.
- Offer the lowest interest rates in the industry through their lending platform which is made up of ten lenders to maximize the chances that you will be approved for a new loan.
Contact Us
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For more information or to schedule a 15-minute appointment with a GradFin Consultation Expert click HERE! Phone: (844) GRADFIN
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Forms
Employee Assistance Program
Its good to talk! EAP is here for you. EAP counselors are supportive and can help with anything that’s on your mind
People seek EAP counseling for:
- Relationship or family stress
- Workplace morale
- Mental health concerns, such as grief, anxiety or depression
- Childcare or eldercare resources
- Help practicing difficult conversations
- Stress and burnout prevention
- Wellness coaching and resiliency
Legal & Financial Advice: Confidential expert advice on consultations, resources, and extensive legal and financial online resource library.
