Leaving Stimson
If you leave Stimson for any reason, it’s important to understand how your benefits are affected and what you can expect as you transition out of the company.

What You Need to Do

Here are some important things you should do if you leave Stimson:

  • Notify your manager of your intent to leave and contact Human Resources or a member of the Benefits team with questions about your benefits.
  • Maintain a current address with Stimson on UltiPro for W-2 purposes and retirement correspondence. Update your address directly with Fidelity NetBenefits and Prudential (TOC Pension plan) or the Great American Insurance Group (Idaho Pension Plan).

Take a look at how your benefits are affected when you leave Stimson. All coverage ends the last day of the month in which your employment ends.

Impact on Benefits
Medical, Dental and Vision
  • Coverage continues until the last day of the month in which your employment ends.
  • You may elect to continue coverage for up to 18 months through COBRA. You will receive a COBRA information packet from Stimson’s third-party administrator (PayFlex) within 14 days of your last day of coverage. You have 60 days to elect COBRA. If you elect COBRA, coverage will be retroactive to your coverage end date. Review COBRA Premiums.
Health Savings Account You own your HSA. You take your account and any balance with you when you leave Stimson. For more information, log on to the PayFlex website.
Health Care FSA
  • Coverage continues until the last day of the month in which your employment ends. You may continue to incur covered spending account expenses through that date.
  • You have 90 days after your employment ends to submit your reimbursement request.
  • If you have a positive balance in your account, you may choose to continue to make after-tax contributions by electing COBRA.
Dependent Care FSA
  • Coverage ends on your last day of employment. You may continue to incur covered spending account expenses through that date.
  • You have 90 days after your employment ends to submit your reimbursement request.
401(k) Plan
  • Contributions to the 401(k) end when you leave Stimson.
  • You may request a rollover to another qualified plan or IRA, or you may elect a distribution of your vested balance. Go to Fidelity NetBenefits or call 800-835-5097 to learn about your options.
  • If your vested balance is:
    • $1,000 or less, you’ll automatically receive a lump sum distribution.
    • More than $1,000, you can leave your balance in the plan until you request a distribution or rollover.
    • You may continue to make 401(k) loan payments after termination so long as they are made by automatic debits from your bank account or by certified check.
Pension Plan If you are eligible for a pension plan and you are vested, you can begin receiving benefits at early retirement age or normal retirement age. For participants in the Stimson Lumber TOC Plan, contact Prudential at 800-621-1089. For participants in the former Stimson Lumber Company Idaho Pension Plan, contact the Great American Insurance Group at 877-656-6677.
Basic Life / AD&D
Voluntary Life/AD&D You may convert to an individual policy with New York Life Group Benefits Solutions. Complete the Portability of Voluntary Term Life Form and Conversion to Individual AD&D Insurance Form within 31 days from the date your employment ends.
Disability Short Term Disability (STD) and Long Term Disability (LTD) coverage end on the date your employment ends.
Wellness Program Your participation in the wellness program ends on the date your employment ends.
Tuition Assistance If you resign or Stimson dismisses you for cause within one year of your last tuition payment, you may be required to repay up to 50% of the original reimbursement payments.
Time Off
  • Except where required by state law, you will not be paid for unused vacation time when you leave Stimson.
  • You will not be paid for unused sick leave.
  • You will be paid for unused vacation time if you retire or if your position is eliminated or impacted by a business-initiated layoff.
Final Paycheck Your final paycheck will include regular wages due, including any applicable overtime or shift differential, your normal bimonthly premium deductions (including 401(k) deferral) and applicable taxes. An electronic copy of your W-2 is available on UltiPro.
Unemployment The state agency determines eligibility for unemployment. Contact your local state unemployment office.
Expense Report Submit your final expense reimbursement form to Accounts Payable within 30 days.

KEY TERM

UltiPro

Username: STMSN plus 6-digit clock number. If clock number is less than 6 digits (e.g., 1234), add zeros to ensure a total of 6-digits: STMSN000123.

KEY TERM

COBRA

A federal law that provides continuation of group health coverage that otherwise would be terminated.

Good to Know

Go to UltiPro to update your personal information, including:

  • Legal name change
  • Address
  • Phone number
  • W-4 tax withholdings
  • Direct deposit information

You can also find your emergency contacts, beneficiaries, pay statements and payroll documents.