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In this edition of K-C Benefits Buzz, you'll find information on the 2020 Profit Sharing Contribution, financial wellness, growing your 401(k) savings, what's in store for tax time, and how the recently passed COVID relief may impact you.
None of us could have ever predicted the challenges we’d face in 2020, both personally and professionally. What’s most remarkable is how we were still able to come together as one
And because of your commitment, we had a record-breaking year. The adjusted Earnings Per Share (EPS) target not only measures
Based on our 2020 adjusted EPS of $7.74,
View your contribution amount by logging in to netbenefits.com.
Managing your money can feel overwhelming. Between balancing your monthly spending, managing debt, and saving for your short- or long-term goals, sometimes it’s hard to know where to start.
That’s where Fidelity can help. With online webinars and tools available on netbenefits.com, you have the resources you need to create and manage your financial plan.
Fidelity’s workshops are available 24/7 and provide financial tips from wherever you are. To watch a Fidelity webinar on-demand, go to netbenefits.com > Library > Workshops.
With a variety of topics to choose from, here are a few that may interest you:
Creating a Rainy Day Fund (12 minutes)
Learn tips to help you prepare for financial emergencies.
Managing Your Debt (12 minutes)
Get help making a plan to manage and pay down your debt in this mini-workshop.
Identify and Prioritize Your Savings Goal (20 minutes)
Learn how to create savings goals that are important to you and understand how you can achieve them.
Invest Confidently for Your Future (30 minutes)
Understand your investments and how to build a long-term investment plan you can feel confident about.
Maximize Social Security in Your Retirement Strategy (35 minutes)
Understand the different Social Security claiming strategies and take the next step to create your retirement income plan.
Access your 401(k) account anytime, anywhere with the NetBenefits® mobile app. On the app, you can:
To get started, search for NetBenefits® in your phone’s app store.
Call the Benefits Information Line at 800-551-2333 and select 401(k) & Pension from the phone menu. Fidelity representatives are available Monday through Friday, from 8:30 a.m. to 8:30 p.m. ET.
Investing involves risk, including risk of loss.
Fidelity Brokerage Services LLC, Member NYSE, SIPC,
900 Salem Street, Smithfield, RI 02917
© 2021 FMR LLC. All rights reserved.
Let the features of your 401(k) & PSP Plan do the work for you. The Annual Increase Program is a convenient and automatic way to increase your 401(k) contributions over time, at a rate that’s comfortable for you. You choose the contribution rate and timing, and Fidelity will handle the rest. The best part is that if things change you can update your elections at any time.
To get started:
Learn how much a small change in your 401(k) contributions can make a big difference over time by going to fidelity.com/powerofsmallamounts.
Let’s say Katrina is currently contributing 8%, but her goal is to get to 15% over the next few years. This is how she uses the Annual Increase Program to get there.
Note: Information in this section was provided by Kimberly-Clark. Fidelity Investments is not responsible for this content.
Below is an overview of the tax-related documents you may receive for 2020 and any required action.
Regardless of your delivery preference for your Form W-2, you can now view an electronic copy of your 2020 Form W-2 on the UltiPro portal by selecting W-2 on the main menu under Myself. If you elected to receive a paper Form W-2, these were mailed on January 25.
|Mailed in late January
|Shows funds withdrawn from an HSA in 2020; use to complete your tax return.
|Mailed in late February
|Displays the months of the year that you and your eligible dependents were offered or enrolled in
|Will mail after the tax filing deadline on or after May 31
|Includes information about all HSA contributions made for 2020; for your information only.
New COVID relief was recently passed as part of the Consolidated Appropriations Act 2021. This relief gives employees more flexibility in paying for dependent care, since there are still many unknowns when it comes to COVID and a return to normalcy.
If you have elected or plan to elect a Dependent Care Spending Account (DCSA), here’s how the provisions of the Consolidated Appropriations Act 2021 may impact you.
Click here to learn more about the DCSA and the impact of the Consolidation Appropriations Act 2021.
Need last-minute care for your child or elderly family member?
You can talk to a licensed therapist or psychiatrist on your own schedule using LiveHealth Online. With the click of a button on your smartphone or computer, you can schedule a visit for $95 or less.
To learn more, click here.
Some of the benefits information in this newsletter may not apply to you.
This notice may include a discussion of Plan terms and policies. It is intended to be a brief description and cannot present all of the details of the Plan provisions. In all cases, the provisions of the applicable Plan will govern. Except for certain provisions subject to collective bargaining, Kimberly-Clark reserves the right to make changes to its benefits programs at any time.
This site is provided to help Kimberly-Clark (K-C) employees better understand their benefit plans. It does not guarantee coverage under a plan and does not provide complete descriptions of K-C benefit plans. K-C reserves the right to change these plans at any time. In all cases, the formal Plan Documents will govern.
If you are an organized hourly employee covered by these plans, see your HR representative or other person designated at your unit for information on how your plan(s) may differ from the information on this site. You may also call the Benefits Information Line at 800-551-2333. Empyrean representatives are available Monday through Friday, 9 a.m. to 5 p.m. ET and Fidelity representatives are available Monday through Friday, 8:30 a.m. to 8:30 p.m. ET. From outside the U.S., dial your country’s toll-free AT&T Direct Access number then enter 800-551-2333.