Your Benefit Choices
ING U.S. offers its employees an array of benefits. The wide range of options allows you to tailor your health care coverage and other benefits to match your needs. And the best way to make good choices is to be fully informed about what is available to you.
Regular employees who are scheduled to work at least 30 hours a week are eligible for all ING U.S. health and welfare benefit plans described in the ING U.S. Benefits Enrollment Guide. Regular employees, who are scheduled to work at least 17.5 hours a week, but less than 30 hours a week, can participate in all plans – except the disability plans.
You will be mailed a personalized enrollment worksheet detailing the plans for which you are eligible to your home address within a few weeks of your hire date. Once you receive this information and review your enrollment options, you can enroll in benefits online. You can access the online enrollment Web site either through the Internet at www.ingbenefits.com or through ING Exchange. Remember, you must complete your enrollment within 30 days of your hire date. If you have questions regarding your enrollment, please contact the HR Service Center at (800) 555-1899.
As a reminder, if you were hired at the end of the calendar year, you will also need to enroll for next year’s benefits within 30 days of your hire date. Once you enroll in your new hire benefits, you will automatically be asked to enroll in benefits for the next calendar year. If you don’t enroll, you may not have the coverage you need for the next year. You can access the enrollment site either through the Internet at www.ingbenefits.com or through ING Exchange.
Want to shape your future? Our 401(k) plan, The ING Americas Savings Plan and ESOP (“ING Savings Plan”), offers a powerful tool to help you build a secure financial future. You can enroll immediately, you make your contributions on a pre-tax or after-tax basis, and each pay period ING U.S. matches 100% of your contributions up to the first 6 % of eligible compensation you contribute to the ING Savings Plan. The ING Savings Plan enrollment information packet will be mailed to your home address shortly after your start date. Once you receive your enrollment information, you can access the ING Savings Plan website at www.ingretirementplans.com
All regular full-time and part-time employees are eligible to participate in the ING Americas Retirement Plan. It's a cash-balance pension plan that credits an amount to your cash-balance account each month, equal to 4% of your eligible pay. (This is called a “pay credit.”). Interest is credited monthly (This is called an “interest credit.”). Unlike in a 401(k) plan account, where you bear investment risk, your cash-balance account will grow at a 30-year U.S. Treasury securities bond rate in effect for each year. You become fully vested in your cash-balance benefit when you’ve completed three years of vesting service. If you are vested when you leave the company, cash-balance pension benefits are payable as a lump sum or you have the option to choose from available monthly payment options (also known as annuities).