Enterprise Products Partners L.p. · NYSE:EPD
Enterprise Products Partners L.p — Merger or Acquisition (April 2004)
106 slides from Enterprise Products Partners L.p's merger presentation, Apr 13, 2004
Slide 1: Enterprise Products Company Employee Benefits Program 2004
Enterprise Products Company Employee Benefits Program 2004 April 2004
Slide 2: Benefits at-a-glance
Benefits at-a-glance Coverage Plans Life & AD&D MetLife Long Term Disability Prudential Medical Aetna Open Choice PPO Aetna Traditional Plan Prescription Drugs Eckerd Health Services (Aetna PPO & Traditional Plans) Dental Aetna Dental PPO Plan Flexible Spending Accounts Aetna Employee Assistance Pro
Slide 3: Eligibility
Eligibility Current & Newly Hired Employees: Active, full-time employees regularly scheduled to work at least 30 hours per week. Employees are eligible for coverage on the 1st day of the month following one of month of full time employment. GulfTerra employees will be given credit for prior service.
Slide 4: Your Eligible Dependents
Your Eligible Dependents Your spouse Your unmarried children up to age 19 (or up to age 25 while full-time students in accredited school) Natural children Children living with you for whom you are financially responsible Step Children (must reside with employee) Adopted children
Slide 5: Basic Life and AD&D Coverage
Basic Life and AD&D Coverage Basic Life: Two times annual earnings Maximum: $300,000 Basic AD&D: Four times annual earnings Maximum: $300,000 Benefits reduce to: 60% at age 70 40% at age 75 30% at age 80 Paid in Full by Enterprise
Slide 6: Supplemental Life Coverage
Supplemental Life Coverage Employee Coverage Options: $10,000 Units Minimum: $ 20,000 Maximum: Lesser of 5 X Earnings or $500,000 Evidence of Insurability required for amounts over $100,000 If you waive coverage now and later elect coverage, the full life benefit will be subject to proof of good hea
Slide 7: Supplemental Life Coverage: Spouse and Children
Supplemental Life Coverage Spouse Coverage Options: $5,000 Units Maximum: $250,000 (Cannot exceed 50% of your coverage) Evidence of Insurability required for amounts over $50,000 Children Coverage Options: $1,000, $5,000 or $10,000 per child 0 - 6 months: $500 You must elect coverage on yourself in
Slide 8: Supplemental Life Coverage Cost
Supplemental Life Coverage Cost is paid by you on an after tax payroll deduction basis. Rates for you and your spouse are based on your age and on your spouse’s age as of January 1st of each year. Employee & Spouse Rates 5 year age bands Tobacco or Non-tobacco user (Employee Only) Children - Monthly
Slide 9: Supplemental Life Cost Example
Supplemental Life Cost Example: Employee Age 45 (non-tobacco) - $50,000 coverage elected Spouse Age 42 - $20,000 coverage elected Two Children - $10,000 coverage elected Employee Vol. Life $50,000 X $0.322 / $1,000 $16.10 Spouse Vol. Life $20,000 X $0.12 / $1,000 $2.40 Child(ren) Life $10,000 X $0.1
Slide 10: Long Term Disability Coverage: Core Plan
Long Term Disability Coverage Core Plan - Provided by Enterprise: Eligibility: 1st of month following 6 months of employment Benefits Begin: After 6 months of Disability Benefit Amount: 40% of your monthly earnings Maximum Monthly Benefit: $1,000/month Maximum Benefit Duration: 5 years
Slide 11: Long Term Disability Coverage: Buy-Up Plans
Long Term Disability Coverage Buy-Up Plans: Salaried Employees: 60% of your monthly earnings up to $4,000/month Maximum Benefit Duration: To Age 65 Hourly Employees: 60% of your monthly earnings up to $2,000 or $4,000/month Maximum Benefit Duration: To Age 65
Slide 12: Long Term Disability Buy-Up Plan Cost
Long Term Disability Coverage Buy-Up Plan: Paid by you on a payroll after tax deduction basis. Monthly Cost: Salaried Employees: $0.58 / $100 Hourly Employees: $2,000 monthly maximum $0.73 / $100 $4,000 monthly maximum $0.85 / $100
Slide 13: Long Term Disability Cost Example
Long Term Disability Coverage Cost Example: Employee Age 45 - Hourly Monthly Income - $3,333 / month Maximum Benefit (Buy-Up) - $2,000 / month Rate: $0.73 / $100 Covered Monthly Payroll: $3,333 Monthly Cost: $3,333 X $0.73 / $100 = $24.33 / month
Slide 14: Long Term Disability Coverage Taxation
Long Term Disability Coverage Enterprise pays the cost for the core benefit. Employees are taxed on the premium paid by Enterprise so that the benefit will not be taxable when received. Example: Hourly employee Age 45 ($40,000/year income) Annual premium paid by Enterprise: $168.00 Tax paid by Emplo
Slide 15: Highlights of Medical Plan Designs
Highlights of Medical Plan Designs PPO Plan Traditional Plan Network of hospitals and doctors Yes No Employees have a choice to go in- or out-of- network Yes N/A Primary Care Physician (Election Required) No No Requires Referrals to Specialist No No Claim Filing No: In-network providers Yes Calendar
Slide 16: Medical Plan: Deductibles and Office Visits
Medical Plan Aetna Open Choice PPO Aetna Traditional Plan Network Provider Non-Network Provider Deductible $300 / Ind. $500 / Ind. $900 / Family $1,500 / Family $300 / Ind. $900 / Family Out-of-Pocket Maximum $2,000 / Ind. $4,000 / Family $4,000 / Ind. $8,000 / Family $3,000 / Ind. $6,000 / Family O
Slide 17: Medical Plan: Hospitalization
Medical Plan Aetna Open Choice PPO Aetna Traditional Plan Network Provider Non-Network Provider Hospitalization (In-Patient) 80% 60% 70% Hospitalization (Out-Patient) 80% 60% 70% Emergency Room 80% 80% Lifetime Maximum $2,000,000 $2,000,000
Slide 18: Medical Plan: Substance Abuse
Medical Plan Aetna Open Choice PPO Aetna Traditional Plan Network Provider Non-Network Provider Substance Abuse (In-Patient) 80% 60% of UBH negotiated rate70% of UBH negotiated rate 30 days / year 30 days / year Substance Abuse (Out-Patient) 80% 60% of UBH negotiated rate70% of UBH negotiated rate 5
Slide 19: Medical Plan: Mental Illness
Medical Plan Aetna Open Choice PPO Aetna Traditional Plan Network Provider Non-Network Provider Mental Illness (In-Patient) 80% 60% of UBH negotiated rate 70% of UBH negotiated rate 30 days/year 30 days/year Mental Illness (Out-Patient) 80% 60% of UBH negotiated rate70% of UBH negotiated rate 50 vis
Slide 20: Prescription Drugs: Retail
Medical Plan Prescription Drugs - PPO and Traditional Retail - 30 Day Supply Generic $10 Copay Brand Name $25 Copay Brand where there $40 Copay is a Generic Available Administered by Eckerd Health Services
Slide 21: Prescription Drugs: Mail Order
Medical Plan Prescription Drugs - PPO and Traditional Mail Order - 90 Day Supply Generic $20 Copay Brand Name $50 Copay Brand where there $80 Copay is a Generic Available Administered by Eckerd Health Services
Slide 22: Aetna PPO & Traditional Plan (Maintenance of Benefits)
Aetna PPO & Traditional Plan (Maintenance of Benefits) If you have coverage under Enterprise and another employer’s plan, and the Enterprise plan is secondary: The Enterprise plan will pay the difference between what the primary plan pays and Enterprise’s normal plan benefit. Example: Mrs. Customer
Slide 23: Aetna Vision One Discount Program
Aetna Vision One Discount Program Discounts on eyeglasses, contact lenses, non-prescription sunglasses, contact lens solution, lasik surgery and accessories Eye Exams for Glasses: $38 copay Participating optical centers: Sears JCPenney Target Participating Pearle Vision Centers Independent Optometri
Slide 24: Dental PPO Plan Highlights
Dental PPO Plan Highlights PPO Dental Plan - Aetna Use any dentist If you use network dentists: Dental services discounted between 15% - 25% Dentist will file claim with Aetna Dental charges will not exceed the “reasonable and customary” allowance Present your Aetna ID card when you visit a PPO dent
Slide 25: Dental PPO Plan Highlights
Dental PPO Plan Highlights Each year Preventive exams, cleaning, X-rays 100% No Deductible You pay Deductible Individual: $50 Family: $150 Basic Care-fillings, root canals, extractions, etc. 80% After Deductible Major care-bridges, crowns, etc. 50% After Deductible Calendar Year Maximum $1,500 Ortho
Slide 26: Enterprise and Employees Share in Costs
Enterprise and Employees Share in Costs Medical and Dental Plans Enterprise Employee 85% 15%
Slide 27: Medical and Dental Monthly Contributions
Medical and Dental Monthly Contributions Monthly Contributions Employee Only $54.00 Employee & 1 Dependent $101.00 Employee & Family $142.00 The contributions listed include both medical and dental coverage.
Slide 28: Informed Health Program - Aetna
Informed Health Program - Aetna Call the toll-free number any time (staffed 24 hours a day/365 days per year) when you have questions about a particular illness or injury: 1-800-556-1555 You may speak with a nurse -or- listen to one of more than 450 pre-recorded messages for information on any healt
Slide 29: Aetna Navigator Website
Aetna Navigator Website Features for members Access to Aetna’s Internet resources DocFind Aetna InteliHealth Coverage Policy Bulletins Access to personalized eligibility and benefits information Request ID cards View claims status and electronic EOBs Contact Member Services online
Slide 30: Aetna Navigator Features
Aetna Navigator Features Aetna health and wellness programs Member Health Education Women’s Health Disease Management Health information links from Aetna InteliHealth Offered in association with Harvard Medical School and University of Pennsylvania School of Dentistry PC Magazine “Editors’ Choice” U
Slide 31: Flexible Spending Accounts
Flexible Spending Accounts Administered by Aetna Annual Plan Maximums: Health care: $2,500 Dependent care: $5,000 Eligible to enroll effective 1/1/05
Slide 32: Employee Assistance Program (EAP)
Employee Assistance Program (EAP) United Behavioral Health (UBH) Provided to all employees at no cost, even if coverage is waived under the medical and dental plan. Free service for employee and dependent family members. Confidential - Between the employee and United Behavioral Health
Slide 33: Employee Assistance Program (EAP) Benefits
Employee Assistance Program (EAP) United Behavioral Health (UBH) Benefits: - Easy to use: 1-800-622-7276 - Unlimited phone access (Counselors available 24 hours a day, 7 days a week) -3 in-person counseling sessions per year, per unrelated problem (Master Level Social Workers, Therapists, and Clinic
Slide 34: Why would I use the EAP?
Employee Assistance Program (EAP) Why would I use the EAP? Access to Trained Professionals to Help with: Personal Problems Stress Related Situations Family Conflicts Emotional Stress Job Stress Drug / Alcohol Problems
Slide 35: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Purpose Enables employees to acquire Partnership units at a discounted price through voluntary after-tax payroll deductions. Suitability Participation is voluntary and each employee must determine whether the investment is suitable. Employees s
Slide 36: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Employee Discount & Taxability of the Discount 10% discount on price. The 10% discount is imputed income and subject to income tax & FICA tax withholding each pay period. Frequency of Purchases Quarterly, in February, May, August, & November. U
Slide 37: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Fees & Commissions Company pays all fees for administration of plan and commissions for all purchases (but not sales) of all units. Participant pays fees and commissions of all sales, transfers & certificate issuance (currently no fee for trans
Slide 38: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Account Information Quarterly statements, 24 hour toll-free phone access, & internet access available. Participant service representatives available 8:00a.m. to 8:00p.m., Eastern time, Monday through Friday. Tax Reporting Partnership K-1s issue
Slide 39: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation Eligibility Any employee who is not (i) covered by a collective bargaining agreement, (ii) a leased employee, or (iii) a non-resident alien. Entry Date First day of the month following 3 full months of continuous employment. GulfTerra employees
Slide 40: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation Employer Match* Dollar-for-dollar match on maximum of 5% of eligible compensation. Catch-up contribution is not matched. Matching contribution is 100% vested after 3 years of employment. Employer Profit Sharing Contribution* Discretionary amoun
Slide 41: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation Loans Maximum 1 outstanding loan at a time, unless rollover involved. May roll in max. 2 loans (1 if you already have a loan outstanding) from another qualified plan, but cannot request another loan until both are paid off. Maximum maturity is
Slide 42: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation In-Service Withdrawals (Income taxes & possible early withdrawal penalties may apply.) Only 1 in-service withdrawal of each type listed below is permitted in each calendar year: Rollover account Disability - withdrawal permitted from all ve
Slide 43: Retirement and Savings Plan Investment Spectrum
Retirement and Savings Plan Investment Spectrum 1There is a short-term trading fee of 1.0% for shares held less than 30 days in the Fidelity Diversified International Fund. This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of th
Slide 44: Retirement and Savings Plan Rollover-Eligible Dollars
Retirement and Savings Plan Summary Rollover-Eligible Dollars Will Be Accepted From: El Paso Corporation RSP Select Plan El Paso Corporation Pension Plan Pre-Tax Dollars Accepted After-Tax Dollars Accepted 2 Loans Accepted. Only 1 loan accepted if you already have a loan in the Enterprise Plan at ti
Slide 45: Timing of Events for Rollovers From RSP Select Plan
Retirement and Savings Plan Summary Timing of Events for Rollovers From RSP Select Plan Date Event 2 Weeks Prior to Closing Enrollment booklet and instructions for making investment elections and contribution percentage elections will be mailed to employee homes Closing Date Letter and loan rollover
Slide 46: Timing of Events for Rollovers From RSP Select Plan
Retirement and Savings Plan Summary Timing of Events for Rollovers From RSP Select Plan Date Event Anytime After Closing Date Participants may, at any time, exercise their distribution options available under terms of RSP Select Plan, which may include: Rollover to Enterprise Plan Rollover to Person
Slide 47: Timing of Events for Rollovers From RSP Select Plan
Retirement and Savings Plan Summary Timing of Events for Rollovers From RSP Select Plan Date Event Approx. 45 Days after Closing Date Loans and account balances (no El Paso stock) of participants who elected to have loans rolled over are transferred to Enterprise Plan. Shortly after Loan & Account T
Slide 48: Employee Education Assistance Program Eligibility
Employee Education Assistance Program Eligibility Employee must be regularly scheduled to work 30 or more hours per week Course must benefit employee and company Employee must not receive educational assistance from any other source that would duplicate aid received under this program Course work mu
Slide 49: Employee Education Assistance Program Reimbursement
Employee Education Assistance Program Reimbursement Company will reimburse tuition and fees per semester hour as follows: Community College $90/semester hour Universities - Undergraduate $130/semester hour Universities - Graduate $160/semester hour Upon completion of a degree, the Company will award
Slide 50: Holidays
Holidays New Year’s Day Washington’s Birthday Good Friday Memorial Day Independence Day Labor Day Thanksgiving Day Friday following Thanksgiving Day Christmas Day Floating Holiday
Slide 51: Sick Leave
Sick Leave Length of Service Weeks at 100% Pay Weeks at 50% Pay 0-6 Months 0 0 6 Months to 1 Year 1 1 1 Year to 2 Years 3 3 2 Years to 3 Years 4 4 3 Years to 4 Years 5 5 4 Years to 5 Years 6 6 5 Years to 6 Years 7 7 6 Years to 7 Years 8 8 7 Years to 8 Years 9 9 8 Years to 9 Years 10 10 9 Years to 10
Slide 52: Vacations
Vacations Two weeks (80 hours) after one year of service. Three weeks (120 hours) as of January 1st in which fifth (5th) anniversary occurs. Four weeks (160 hours) as of January 1st in which tenth (10th) anniversary occurs. Five weeks (200 hours) as of January 1st in which twentieth (20th) anniversa
Slide 53: Questions?
Enterprise Products Company Questions? PRESENTATION
Slide 54: Enterprise Products Company Employee Benefits Program 2004
Enterprise Products Company Employee Benefits Program 2004 April 2004
Slide 55: Benefits at-a-glance
Benefits at-a-glance Coverage Plans Life & AD&D MetLife Long Term Disability Prudential Medical Aetna PPO (All locations) Houston Aetna HMO CIGNA HMO Louisiana Ochsner HMO Dental Aetna Dental PPO Plan Employee Assistance Program United Behavioral Health (UBH) Prescription Drugs Eckerd Health Service
Slide 56: Eligibility
Eligibility Current & Newly Hired Employees: Active, full-time employees regularly scheduled to work at least 30 hours per week. Employees are eligible for coverage on the 1st day of the month following one of month of full time employment. GulfTerra employees will be given credit for prior service.
Slide 57: Your Eligible Dependents
Your Eligible Dependents Your spouse Your unmarried children up to age 19 (or up to age 25 while full-time students in accredited school) Natural children Children living with you for whom you are financially responsible Step Children (must reside with employee) Adopted children Texas HMO Participan
Slide 58: Basic Life and AD&D Coverage
Basic Life and AD&D Coverage Basic Life: Two times annual earnings Maximum: $300,000 Basic AD&D: Four times annual earnings Maximum: $300,000 Benefits reduce to: 60% at age 70 40% at age 75 30% at age 80 Paid in Full by Enterprise
Slide 59: Supplemental Life Coverage
Supplemental Life Coverage Employee Coverage Options: $10,000 Units Minimum: $ 20,000 Maximum: Lesser of 5 X Earnings or $500,000 Evidence of Insurability required for amounts over $100,000 If you waive coverage now and later elect coverage, the full life benefit will be subject to proof of good hea
Slide 60: Supplemental Life Coverage: Spouse and Children
Supplemental Life Coverage Spouse Coverage Options: $5,000 Units Maximum: $250,000 (Cannot exceed 50% of your coverage) Evidence of Insurability required for amounts over $50,000 Children Coverage Options: $1,000, $5,000 or $10,000 per child 0 - 6 months: $500 You must elect coverage on yourself in
Slide 61: Supplemental Life Coverage Cost
Supplemental Life Coverage Cost is paid by you on an after tax payroll deduction basis. Rates for you and your spouse are based on your age and on your spouse’s age as of January 1st of each year. Employee & Spouse Rates 5 year age bands Tobacco or Non-tobacco user (Employee Only) Children - Monthly
Slide 62: Supplemental Life Cost Example
Supplemental Life Cost Example: Employee Age 45 (non-tobacco) - $50,000 coverage elected Spouse Age 42 - $20,000 coverage elected Two Children - $10,000 coverage elected Employee Vol. Life $50,000 X $0.322 / $1,000 $16.10 Spouse Vol. Life $20,000 X $0.12 / $1,000 $2.40 Child(ren) Life $10,000 X $0.1
Slide 63: Long Term Disability Coverage: Core Plan
Long Term Disability Coverage Core Plan - Provided by Enterprise: Eligibility: 1st of month following 6 months of employment Benefits Begin: After 6 months of Disability Benefit Amount: 40% of your monthly earnings Maximum Monthly Benefit: $1,000/month Maximum Benefit Duration: 5 years
Slide 64: Long Term Disability Coverage: Buy-Up Plans
Long Term Disability Coverage Buy-Up Plans: Salaried Employees: 60% of your monthly earnings up to $4,000/month Maximum Benefit Duration: To Age 65 Hourly Employees: 60% of your monthly earnings up to $2,000 or $4,000/month Maximum Benefit Duration: To Age 65
Slide 65: Long Term Disability Buy-Up Plan Cost
Long Term Disability Coverage Buy-Up Plan: Paid by you on a payroll after tax deduction basis. Monthly Cost: Salaried Employees: $0.58 / $100 Hourly Employees: $2,000 monthly maximum $0.73 / $100 $4,000 monthly maximum $0.85 / $100
Slide 66: Long Term Disability Cost Example
Long Term Disability Coverage Cost Example: Employee Age 45 - Hourly Monthly Income - $3,333 / month Maximum Benefit (Buy-Up) - $2,000 / month Rate: $0.73 / $100 Covered Monthly Payroll: $3,333 Monthly Cost: $3,333 X $0.73 / $100 = $24.33 / month
Slide 67: Long Term Disability Coverage Taxation
Long Term Disability Coverage Enterprise pays the cost for the core benefit. Employees are taxed on the premium paid by Enterprise so that the benefit will not be taxable when received. Example: Hourly employee Age 45 ($40,000/year income) Annual premium paid by Enterprise: $168.00 Tax paid by Emplo
Slide 68: Highlights of Medical Plan Designs
Highlights of Medical Plan Designs PPO Plan HMO Plans Network of hospitals and doctors Yes Yes Employees have a choice to go in- or out-of- network Yes No Primary Care Physician (Election Required) No Yes Requires Referrals to Specialist No Yes Claim Filing No: In-network providers No Calendar Year
Slide 69: Medical Plans: Deductibles and Office Visits
Medical Plans Aetna Open Choice PPO Houston HMO’s Louisiana HMO Network Provider Non-Network Provider Aetna HMO CIGNA HMO Ochsner HMO Deductible $300 / Ind. $500 / Ind. None None None $900 / Family $1,500 / Family Out-of-Pocket Maximum $2,000 / Ind. $4,000 / Family $4,000 / Ind. $8,000 / Family $1,5
Slide 70: Medical Plans: Hospitalization
Medical Plans Aetna Open Choice PPO Houston HMO’s Louisiana HMO Network Provider Non-Network Provider Aetna HMO CIGNA HMO Ochsner HMO Hospitalization (In-Patient 80% 60% 100% After $500 Copay/Admit 100% After $500 Copay/Admit 100% After $500 Copay/Admit Hospitalization (Out-Patient) 80% 60% 100% aft
Slide 71: Medical Plans: Substance Abuse
Medical Plans Aetna Open Choice PPA Houston HMO’s Louisiana HMO Network Provider Non-Network Provider Aetna HMO CIGNA HMO Oshsner HMO Substance Abuse (In-Patient) 80% 60% of UBH negotiated rate100% after $500 copay/Admit 100% after $500 copay/Admit 70% 30 days / year Max: 20 days per year; 60 days p
Slide 72: Medical Plans: Mental Illness
Medical Plans Aetna Open Choice PPO Houston HMO’s Louisiana HMO Network Provider Non-Network Provider Aetna HMO CIGNA HMO Oshsner HMO Mental Illness (In-Patient) 80% 60% of UBH negotiated rate100% After $500 copay/Admit 100% After $50 copay per day 100% After $500 copay/Admit 30 days / year Max: 30
Slide 73: Medical Plans Prescription Drug Coverage
Medical Plans Prescription Drug - Coverage Retail - 30 Day Supply Aetna Open Choice PPO Aetna HMO CIGNA HMO Ochsner HMO Generic = $10 Copay Formulary = Generic $15 Copay Generic = $10 Copay Generic = $10 Copay Brand Name = $25 Copay Formulary = Brand Name $20 Copay Brand = Name $20 Copay Formulary =
Slide 74: Medical Plans Prescription Drug Coverage
Medical Plans Prescription Drug - Coverage Retail - 30 Day Supply Aetna Open Choice PPO Aetna HMO CIGNA HMO Ochsner HMO Generic = $10 Copay Formulary = Generic $15 Copay Generic = $10 Copay Generic = $10 Copay Brand Name = $25 Copay Formulary = Brand Name $20 Copay Brand = Name $20 Copay Formulary =
Slide 75: Aetna PPO Plan (Maintenance of Benefits)
Aetna PPO Plan (Maintenance of Benefits) If you have coverage under Enterprise and another employer’s plan, and the Enterprise plan is secondary: The Enterprise plan will pay the difference between what the primary plan pays and Enterprise’s normal plan benefit. Example: Mrs. Customer and her family
Slide 76: Aetna Vision One Discount Program
Aetna Vision One Discount Program Discounts on eyeglasses, contact lenses, non-prescription sunglasses, contact lens solution, lasik surgery and accessories Eye Exams for Glasses: $38 copay Participating optical centers: Sears JCPenney Target Participating Pearle Vision Centers Independent Optometri
Slide 77: Dental PPO Plan Highlights
Dental PPO Plan Highlights PPO Dental Plan - Aetna Use any dentist If you use network dentists: Dental services discounted between 15% - 25% Dentist will file claim with Aetna Dental charges will not exceed the “reasonable and customary” allowance Present your Aetna ID card when you visit a PPO dent
Slide 78: Dental PPO Plan Highlights
Dental PPO Plan Highlights Each year Preventive exams, cleaning, X-rays 100% No Deductible You pay Deductible Individual: $50 Family: $150 Basic Care-fillings, root canals, extractions, etc. 80% After Deductible Major care-bridges, crowns, etc. 50% After Deductible Calendar Year Maximum $1,500 Ortho
Slide 79: Enterprise and Employees Share in Costs
Enterprise and Employees Share in Costs Medical and Dental Plans Enterprise Employee 85% 15%
Slide 80: Medical and Dental Monthly Contributions
Medical and Dental Monthly Contributions Monthly Contributions Employee Only $54.00 Employee & 1 Dependent $101.00 Employee & Family $142.00 The contributions listed include both medical and dental coverage.
Slide 81: Informed Health Program - Aetna
Informed Health Program - Aetna Call the toll-free number any time (staffed 24 hours a day/365 days per year) when you have questions about a particular illness or injury: 1-800-556-1555 You may speak with a nurse -or- listen to one of more than 450 pre-recorded messages for information on any healt
Slide 82: Aetna Navigator Website
Aetna Navigator Website Features for members Access to Aetna’s Internet resources DocFind Aetna InteliHealth Coverage Policy Bulletins Access to personalized eligibility and benefits information Request ID cards View claims status and electronic EOBs Contact Member Services online
Slide 83: Aetna Navigator Features
Aetna Navigator Features Aetna health and wellness programs Member Health Education Women’s Health Disease Management Health information links from Aetna InteliHealth Offered in association with Harvard Medical School and University of Pennsylvania School of Dentistry PC Magazine “Editors’ Choice” U
Slide 84: Flexible Spending Accounts
Flexible Spending Accounts Administered by Aetna Annual Plan Maximums: Health care: $2,500 Dependent care: $5,000 Eligible to enroll effective 1/1/05
Slide 85: Employee Assistance Program (EAP)
Employee Assistance Program (EAP) United Behavioral Health (UBH) Provided to all employees at no cost, even if coverage is waived under the medical and dental plan. Free service for employee and dependent family members. Confidential - Between the employee and United Behavioral Health
Slide 86: Employee Assistance Program (EAP) Benefits
Employee Assistance Program (EAP) United Behavioral Health (UBH) Benefits: - Easy to use: 1-800-622-7276 - Unlimited phone access (Counselors available 24 hours a day, 7 days a week) -3 in-person counseling sessions per year, per unrelated problem (Master Level Social Workers, Therapists, and Clinic
Slide 87: Why would I use the EAP?
Employee Assistance Program (EAP) Why would I use the EAP? Access to Trained Professionals to Help with: Personal Problems Stress Related Situations Family Conflicts Emotional Stress Job Stress Drug / Alcohol Problems
Slide 88: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Purpose Enables employees to acquire Partnership units at a discounted price through voluntary after-tax payroll deductions. Suitability Participation is voluntary and each employee must determine whether the investment is suitable. Employees s
Slide 89: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Employee Discount & Taxability of the Discount 10% discount on price. The 10% discount is imputed income and subject to income tax & FICA tax withholding each pay period. Frequency of Purchases Quarterly, in February, May, August, & November. U
Slide 90: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Fees & Commissions Company pays all fees for administration of plan and commissions for all purchases (but not sales) of all units. Participant pays fees and commissions of all sales, transfers & certificate issuance (currently no fee for trans
Slide 91: Employee Unit Purchase Plan Summary
Employee Unit Purchase Plan Summary Feature Explanation Account Information Quarterly statements, 24 hour toll-free phone access, & internet access available. Participant service representatives available 8:00a.m. to 8:00p.m., Eastern time, Monday through Friday. Tax Reporting Partnership K-1s issue
Slide 92: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation Eligibility Any employee who is not (i) covered by a collective bargaining agreement, (ii) a leased employee, or (iii) a non-resident alien. Entry Date First day of the month following 3 full months of continuous employment. GulfTerra employees
Slide 93: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation Employer Match* Dollar-for-dollar match on maximum of 5% of eligible compensation. Catch-up contribution is not matched. Matching contribution is 100% vested after 3 years of employment. Employer Profit Sharing Contribution* Discretionary amoun
Slide 94: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation Loans Maximum 1 outstanding loan at a time, unless rollover involved. May roll in max. 2 loans (1 if you already have a loan outstanding) from another qualified plan, but cannot request another loan until both are paid off. Maximum maturity is
Slide 95: Retirement and Savings Plan Summary
Retirement and Savings Plan Summary Feature Explanation In-Service Withdrawals (Income taxes & possible early withdrawal penalties may apply.) Only 1 in-service withdrawal of each type listed below is permitted in each calendar year: Rollover account Disability - withdrawal permitted from all ve
Slide 96: Retirement and Savings Plan Investment Spectrum
Retirement and Savings Plan Investment Spectrum 1There is a short-term trading fee of 1.0% for shares held less than 30 days in the Fidelity Diversified International Fund. This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of th
Slide 97: Retirement and Savings Plan Rollover-Eligible Dollars
Retirement and Savings Plan Summary Rollover-Eligible Dollars Will Be Accepted From: El Paso Corporation RSP Select Plan El Paso Corporation Pension Plan Pre-Tax Dollars Accepted After-Tax Dollars Accepted 2 Loans Accepted. Only 1 loan accepted if you already have a loan in the Enterprise Plan at ti
Slide 98: Timing of Events for Rollovers From RSP Select Plan
Retirement and Savings Plan Summary Timing of Events for Rollovers From RSP Select Plan Date Event 2 Weeks Prior to Closing Enrollment booklet and instructions for making investment elections and contribution percentage elections will be mailed to employee homes Closing Date Letter and loan rollover
Slide 99: Timing of Events for Rollovers From RSP Select Plan
Retirement and Savings Plan Summary Timing of Events for Rollovers From RSP Select Plan Date Event Anytime After Closing Date Participants may, at any time, exercise their distribution options available under terms of RSP Select Plan, which may include: Rollover to Enterprise Plan Rollover to Person
Slide 100: Timing of Events for Rollovers From RSP Select Plan
Retirement and Savings Plan Summary Timing of Events for Rollovers From RSP Select Plan Date Event Approx. 45 Days after Closing Date Loans and account balances (no El Paso stock) of participants who elected to have loans rolled over are transferred to Enterprise Plan. Shortly after Loan & Account T
Slide 101: Employee Education Assistance Program Eligibility
Employee Education Assistance Program Eligibility Employee must be regularly scheduled to work 30 or more hours per week Course must benefit employee and company Employee must not receive educational assistance from any other source that would duplicate aid received under this program Course work mu
Slide 102: Employee Education Assistance Program Reimbursement
Employee Education Assistance Program Reimbursement Company will reimburse tuition and fees per semester hour as follows: Community College $90/semester hour Universities - Undergraduate $130/semester hour Universities - Graduate $160/semester hour Upon completion of a degree, the Company will award
Slide 103: Holidays
Holidays New Year’s Day Washington’s Birthday Good Friday Memorial Day Independence Day Labor Day Thanksgiving Day Friday following Thanksgiving Day Christmas Day Floating Holiday
Slide 104: Sick Leave
Sick Leave Length of Service Weeks at 100% Pay Weeks at 50% Pay 0-6 Months 0 0 6 Months to 1 Year 1 1 1 Year to 2 Years 3 3 2 Years to 3 Years 4 4 3 Years to 4 Years 5 5 4 Years to 5 Years 6 6 5 Years to 6 Years 7 7 6 Years to 7 Years 8 8 7 Years to 8 Years 9 9 8 Years to 9 Years 10 10 9 Years to 10
Slide 105: Vacations
Vacations Two weeks (80 hours) after one year of service. Three weeks (120 hours) as of January 1st in which fifth (5th) anniversary occurs. Four weeks (160 hours) as of January 1st in which tenth (10th) anniversary occurs. Five weeks (200 hours) as of January 1st in which twentieth (20th) anniversa
Slide 106: Questions?
Enterprise Products Company Questions?
Enterprise Products Partners — Merger or Acquisition (April 2004) on 6ix