New hire enrollment period
As a new hire, you have 31 days from your first day of work to enroll in health plans and make other benefit elections. This enrollment window is very important, as you won’t have another opportunity to enroll or make changes to benefits until the annual open enrollment period or when you experience a qualifying life event.
I’ve come from a different company—is there anything I need to do?
Yes! For new hires that are transitioning from a previous employer, there are a few things you need to take action on and consider when it comes to your benefit plans and accounts.
|Benefit||What you need to do|
|401(k)||Report prior contributions to payroll/benefits. Be sure to note the annual IRS contribution limits for 401(k) apply. Complete and return your onboarding document 401(k) Prior Contribution Form in your Workday inbox
to email@example.com and copy firstname.lastname@example.org
|Health Savings Account (HSA)||Keep track of your annual limit and monitor any future contributions to avoid penalties. If you’ve already contributed to an HSA at your previous employer, be sure to factor that into your calculations for the annual limit.|
|Company-paid Life, AD&D, E*trade, HSA, and 401(k)||Report your beneficiaries in the corresponding benefit plans and accounts.|
*You will need to log in to your Fidelity account to change your contribution rate.
Make your beneficiary designations
When you enroll in your benefits, you may need to make beneficiary designations on some of your plans and policies. It is important to keep your beneficiary designations up-to-date. Here are the plans you will need to make beneficiary designations for:
- Life and AD&D
- 401(k) Plan
You can update beneficiary designations at any time during the year. You do not have to wait until the annual enrollment period to make changes to your beneficiary designations.