2016 Total rewards - Amway · PDF fileof the company culture – and how much the organization values its employees. At Amway, we believe in people. Our promise to our employees is

2016 Total rewards

Jonathan Shen, Quality Control Laboratories

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As you consider joining any organization, it’s important to have some understanding of the company culture – and how much the organization values its employees.

At Amway, we believe in people. Our promise to our employees is that, here, you have the opportunity to achieve your highest professional goals and work with truly exceptional people. We believe in your potential, we inspire your achievement and we value your talents. Our employee value proposition boils down to: Add Value. Be Valued.

Delivering on that promise, we’re committed to providing you with a valuable total rewards program of pay, benefits and career opportunities that is considered industry-leading.

In addition to market-competitive salaries and an incentive structure, our total rewards package is structured to reward high-performing talent with:

• Best-of-industry benefits offerings

• A culture that supports emotional and physical well-being

• Global learning and development opportunities

This brochure is intended to give you a higher level of detail on our health and retirement benefits, our wellness programs and talent development.

your potential is our PRIORITY

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Lillana Totoiu, Technical/Regulatory Affairs

Amway’s benefits package is one of the most

comprehensive in the industry. Eligible

employees may choose medical coverage under

the Amway Consumer Plan or waive coverage.

The plan includes prescription drug coverage

and generous wellness benefits. Dental and

vision coverage are offered together as a

separate option.

Medical, prescription drug, dental and vision

benefits coverage for you is effective on the

first day of employment.

For your HEALTH potential

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With the Amway Consumer Plan, you

have the option to contribute federal

pretax dollars to a health savings

account (HSA), money that’s yours

to keep forever.

Amway CONSUMER PLANThe Amway Consumer Plan offers comprehensive medical and prescription coverage at a competitive monthly premium. Essentially, the healthier you are, the less care you require and the less you pay. In-network routine preventive care is covered at 100 percent. If you do need care, the plan also features an annual out-of-pocket maximum for your protection. The plan features the Blue Cross Blue Shield of Michigan PPO Network for medical coverage and Express Scripts network for prescription coverage.

Plan Features Coverage

In-Network Out-of-Network

Annual Deductible – You Pay Single – $1,500Family – $3,000

Single – $3,000Family – $6,000

Annual Out-of-Pocket Maximum – You Pay (Includes deductible)

Single – $2,500Family – $5,000

Single – $5,000Family – $10,000

Coinsurance for Non-Preventive Services

After deductible is met, plan pays 80%

After deductible is met, plan pays 60%

Lifetime Maximum (Combined for in- and out-of-network services)

Unlimited

Routine Preventive Care and Preventive Services Covered Under the Affordable Care Act (ACA)

Plan pays 100%, not subject to coinsurance or

deductible

After deductible is met, plan pays 60%

You pay 100% of non-preventive medical expenses, including non-preventive prescription drugs, until the deductible is met ($1,500 single; $3,000 family), as well as a flat-dollar copay* for preventive prescription drugs.**

Once you meet your annual deductible ($1,500 single; $3,000 family), Amway pays 80% for eligible services, and you pay 20% until you reach your out-of-pocket maximum ($2,500 single; $5,000 family).

Once you reach the out-of-pocket maximum, Amway pays 100% of the cost for eligible services, and you pay nothing for the remainder of the plan year.

* Preventive prescription drug copays apply toward the annual out-of-pocket maximum. However, they do not apply toward the deductible.

** Preventive prescription medications covered under the Affordable Care Act (ACA), commonly known as health care reform, are covered at 100 percent. This means you are not required to pay a copayment, coinsurance or deductible.

How the CONSUMER PLAN WORKS

Amway covers eligible preventive medical services at 100%, meaning you pay nothing for these services.

PREVENTIVE CARE2

PREMIUMS

You pay monthly premiums for medical and prescription drug coverage through pre-tax payroll deductions. (Note: These premiums give you access to the Amway Consumer Plan and do not count toward your deductible or out-of-pocket maximum.)

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DEDUCTIBLE3

COINSURANCE4

OUT-OF-POCKET MAXIMUM5

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New employees have 30 days to enroll

dependents or opt out of Amway

coverage.

MONTHLY RATES FOR 2016 AMWAY CONSUMER PLAN

Coverage Tier

Monthly Rate

Employee Only $85

Employee + Spouse $185

Employee + 1 Child $128

Employee + 2 Children $170

Employee + 3 Children $226

Employee + Spouse + 1 Child $228

Employee + Spouse + 2 Children $270

Employee + Spouse + 3 or More Children $330

MONTHLY RATES FOR DENTAL AND VISION COVERAGE FOR 2016

Coverage Tier

Monthly Rate

Employee Only $11

Employee + Spouse $24

Employee + 1 Child $17

Employee + 2 Children $23

Employee + 3 Children $32

Employee + Spouse + 1 Child $29

Employee + Spouse + 2 Children $36

Employee + Spouse + 3 or More Children $44

The dental and vision plans are offered

together. This means that if you enroll in

dental coverage, you will also enroll in

vision coverage, and vice versa.

Amway DENTAL and VISION PLANDental coverage includes most preventive, basic and major restorative dental procedures, including oral exams and cleanings. There is no annual deductible to meet, and the annual maximum benefit is $1,500. The plan is administered by Delta Dental.

The vision plan is administered by the VSP Network. Using care within the network means you will pay a discounted price for vision care. When you receive services from an out-of-network provider will only reimburse you up to a limit. You will be responsible for the difference.

There is only one premium charged for both.

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Full- and part-time employees have access

to free, personal financial counseling

services, budgeting assistance and

retirement and investment planning. An array

of helpful tools, such as snapshots of your

savings, suggestions to reach your goals,

portfolio assessments, an income planner,

comprehensive financial planning and one-on-

one financial coaching sessions are available.

For your FINANCIAL potential

Andy Paiz, Packaging R&D

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1 YOUR CONTRIBUTIONS

• You have the choice of making pre-tax contributions, Roth contributions or a combination of the two. Through automatic payroll deductions, you can contribute up to 70 percent of your eligible pay on a pre-tax or Roth basis, up to the annual IRS limit of $18,000 in 2016.

• If you are age 50 or older, or if you will reach age 50 at any time during the calendar year and are making contributions to the plan, you may also make catch-up contributions of up to $6,000 in 2016.

INVESTING In Your FutureThe Amway Retirement Savings Plan allows regular full- and part-time employees age 18 or older to save for retirement on a pre-tax and/or Roth basis, whichever makes sense for your personal situation. In addition, Amway provides contributions to the plan on your behalf in the form of base, matching and profit-sharing contributions. All Amway contributions are made on a pre-tax basis to your account. Here’s how it works:

8%

6%

4%

2%

0%NATIONAL AVERAGE TOTAL EMPLOYER

RETIREMENT CONTRIBUTION

4.7%

PROFIT SHARING (TARGET)

MATCHING CONTRIBUTION

(50% UP TO 6% SAVING)

BASE 401(k) CONTRIBUTION

9% TOTAL AMWAY CONTRIBUTION

0% – 70% YOUR VOLUNTARY CONTRIBUTION

2

3

4

3%

3%

3%

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AMWAY RETIREMENT SAVINGS PLAN

YOUR VOLUNTARY 401(K) CONTRIBUTIONS

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CONTRIBUTIONS

* Company matching contributions are treated as pre-tax contributions when deposited into your 401(k) account.

HEALTH SAVINGS ACCOUNT (HSA)

VESTING SCHEDULE

2 COMPANY BASE CONTRIBUTION

• Following the end of the calendar year, Amway intends to make an annual contribution equal to three percent of your eligible pay into your retirement account.

3 COMPANY MATCHING CONTRIBUTION

• Amway matches your voluntary contributions each pay period at 50 cents for every $1 you contribute, up to six percent of your pay. This means that when you choose to save for your retirement, you have the potential to receive an additional three percent of your pay through company matching contributions.*

4 PROFIT-SHARING CONTRIBUTION

• Our profit-sharing plan reflects Amway’s belief that employees should share in the success of the organization. That means Amway will contribute a profit-sharing contribution to your retirement account based on a percentage of your eligible pay. The profit-sharing contribution is based on the achievement of Amway’s annual financial targets.

*This amount will be pro-rated if you enroll mid-year.

If you are enrolled in the Amway Consumer Plan, Amway will contribute $1,500* to your HSA. You also have the opportunity to earn an additional $500 through the Optimal You incentive, beginning the following year after your hire. An HSA provides you a federal triple tax-advantage: contribute pre-tax funds through payroll deductions; grow funds tax-free year over year; withdraw funds tax-free to pay for qualified health care expenses now or later. An HSA enables investment opportunities, savings potential with no “use it or lose it” rule, and the HSA is yours for life, even if you leave the company.

Amway contributes $1,500 to your HSA.*

FLEXIBLE SPENDING ARRANGEMENT (FSA)

The limited-purpose health care FSA allows you to contribute up to $2,550 in 2016 on a pre-tax basis for eligible out-of-pocket expenses for you and your dependents. The dependent care FSA maximum contribution is $5,000 in 2016, and the minimum contribution amount for any FSA is $200.

Full-time Amway

employees can save

tax dollars and stretch

their paychecks

by using FSAs.

You become vested in all company contributions

and on any earnings on these contributions

according to the following schedule.

Years of Service Percent Vested

Fewer than 2 years 0%

2 years 20%

3 years 40%

4 years 60%

5 years or more 100%

You are always 100 percent vested in your own contributions:

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For your INCOME protectionAmway provides several options to help

employees protect their income. Full-time

employees are eligible for disability coverage,

FMLA and life and accidental insurance.

In addition, all employees can supplement with

the voluntary term life insurance provided by

the company.

Jacques Moss, Cosmetics

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LIFE and OTHER INSURANCECOMPANY-PAID SHORT- AND LONG-TERM DISABILITY COVERAGE

Regular, full-time employees are eligible for short-term disability benefits from the date of hire. Long-term disability coverage is available after one year of service.

FAMILY & MEDICAL LEAVE (FMLA)

If you have been employed at Amway for a total of 12 months (excluding any seven-year gap in employment) and have worked at least 1,250 hours in the 12 months before the date your leave starts, you may take FMLA to address your personal or family members’ special needs. Your leave runs concurrently with short-term disability.

LIFE AND ACCIDENTAL INSURANCE

If you are a regular, full-time employee, you are automatically covered – at no cost – for basic life and accidental death and dismemberment (AD&D) insurance equal to one-and-a-half times your annual salary, rounded to the next higher $1,000 (up to $500,000). You may supplement this basic insurance through voluntary coverage up to five times your annual salary or $500,000.

TUITION ASSISTANCE

Full-time employees with 90 days of service are eligible to participate in our tuition assistance program, which reimburses you for eligible higher education costs, up to $5,250 for each calendar year.

ADOPTION ASSISTANCE

Amway provides adoption assistance to all regular, full-time employees. If you are adopting a child, we provide you with financial assistance to help cover some of the costs of the adoption – 80 percent of eligible fees for agency-type adoptions, with a maximum benefit of $5,000 for each child and no limit to the number of children you adopt.

VOLUNTARY TERM LIFE INSURANCE

You can supplement the basic life and AD&D insurance that Amway provides with voluntary life/AD&D coverage for you (limited to 5x annual salary up to $500,000), your spouse (up to $300,000) and eligible dependents. Regular, full-time and part-time employees are eligible.

EMPLOYEE STORE AND DISCOUNTS

With locations in Ada, MI and Buena Park, CA, the employee store offers employees discounts on Amway products and other merchandise. In addition, many product discounts are available to you through select business partnerships.

Adding Up the EXTRAS

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In 2005, Amway launched Optimal You,

a wellness philosophy that offers an array

of health and wellness programs, facilities

and services to employees – all intended to

support the physical and emotional well-being

of Amway employees and their families.

For your LIFE BALANCE and WELL-BEING

Tod Nyson, Contract Sales

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OPTIMAL YOU Program

Paid TIME OFF

ON-SITE FITNESS FACILITIES

All employees and eligible family members in our Ada, MI and Buena Park, CA offices have access to our on-site fitness facilities that offer classes and personal consultation. In California, facility membership is free. In Michigan, facility membership is free for the first 90 days; after that, monthly costs are $8 per individual and $10 for families.

INCENTIVE PROGRAM

All regular, full-time employees enrolled in the Amway Consumer Plan will have the opportunity to receive the $500 HSA contribution by completing the Optimal You wellness steps in 2015 (see page 9).

WELLNESS EDUCATION AND WORK/LIFE BALANCE RESOURCES

Amway provides a variety of wellness education programs and events that reinforce physical and nutritional health as well as emotional well-being. All employees can receive free, confidential health advocacy services to assist with health care-related questions. Additionally, Amway’s employee assistance program (EAP) offers up to 10 free counseling sessions, assists with child and elder care referral services, legal services and much more. Appointments can be made on- or off-site.

VACATION

Amway offers a generous vacation schedule that is awarded based on years of service. Vacation awards begin at 10 days and increase with service to a maximum of 25. The initial vacation awards and maximum award schedule varies by state and employment status. For part-time employees, our vacation program is based on the length of service and a formula that considers hours worked.

HOLIDAYS

All non-California employees are eligible for 11 paid holidays each year. California employees are eligible for 10 paid holidays each year.

FUNERAL LEAVE

Funeral leave is intended to assist and support employees during the difficult period following the death of a family member. You are eligible to receive up to three days.

JURY DUTY AND WITNESS LEAVE

Employees who are summoned for jury duty or subpoenaed to appear as a witness will be eligible for paid time off to meet this citizen obligation.

*Based on position and grade.

MICHIGAN VACATION POLICY

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0 - 4

5 - 10

11

10/15*

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16

17

13

14

15 - 19

20+ 25

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19

20

Years of Service Days Earned Years of Service Days Earned

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For your CAREER ACHIEVEMENTProfessional development is abundant

through challenging work opportunities, plus

performance coaching and feedback.

Angie Wittkowski, Talent Development

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CAREER and DEVELOPMENT OpportunitiesTALENT DEVELOPMENT

We support you in the pursuit of your highest performance and greatest career aspirations. Amway University (AU) helps you make it happen.

AU is a social, collaborative learning destination designed to educate, inspire and equip employees like you to spread your global impact, create your own future and share ideas with others at Amway.

Through AU, we foster a culture of continuous learning and development for all employees by providing a variety of tools and resources that suit your career, leadership goals and development interests. AU offers you the chance to collaborate with subject matter experts across the enterprise, begin discussions to inspire others or to learn more about a topic, post questions, share educational videos, explore content from around the world and form or join groups around specific areas of interest. At Amway, we encourage learning and growing together to help you have the career you always wanted.

Employees can access AU on the job in the workplace or through mobile devices – having access to the resources you need, when and how you want them.

DIVERSITY AND INCLUSION

Across our global organization, we recognize employees are becoming increasingly diverse and are committed to valuing this diversity. Whether this is expressed through diversity of thought, among ethnic groups, within unique work style preferences, across generations, in gender differences or other dimensions of diversity, Amway is committed to providing an environment where each employee can thrive in their roles and career while bringing their unique attributes to work.

We support employees by committing to an inclusive workplace. We provide each employee with educational resources designed to support them in understanding and leveraging diversity and inclusion and define the behaviors we expect at Amway. Here, we value the investment you made in selecting us as your employer and we are passionate about investing in you and keeping you engaged.

PERFORMANCE REWARDS

The company’s pay for performance programs are designed to reward performance and provide an opportunity to share in the success of Amway. One of the ways is through our annual merit program which rewards employees based on performance on individual competencies. Contributions to company success are rewarded through our annual incentive and profit sharing programs.

Amway’s award-winning enterprise

talent development has a lot to offer you.

Amway believes in providing a

diverse and inclusive work place.

Amway believes it is important that leaders

take time to reflect and recognize employee

accomplishments throughout the year and

provide appropriate, meaningful rewards.

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©2015. Amway. TA15624.

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T H E C A N D I D A T EE X P E R I E N C E A W A R D S In 2015, Amway Talent Acquisition team received the CandE Award for its

candidate experience and achievements in the talent acquisition discipline, with benchmarks and best practices that drive continuous recruiting innovation.