What you need to know
Your eligibility for the programs and benefits noted below may be based on your hire date, employment status, and other factors.
Manager Incentive Plan
The management incentive plan includes all levels of management with a performance block rating of 1, 2, 4, or 5.
High Performance Incentive Plan
The high performance incentive plan includes all non-management employees in an active, regular, non-represented role (exempt and non-exempt employees) with a performance block rating of 1, 2, or 4.
Savings and Income Plan (401(k))
You can contribute to the 401(k) plan if you are at least 21 years old and a regular employee working:
- A full-time or part-time schedule
- As a limited term employee
- As a post-doctoral appointee
Go to Fidelity NetBenefits to start making pretax contributions.
Sandia provides matching contributions to your 401(k) if you meet the criteria above.
In addition, if you were hired on or after January 1, 2009, you will receive a service-based contribution from Sandia. If eligible, you are automatically enrolled.
Retirement Income Plan (Pension)
Non-represented employees are eligible for the retirement income plan if:
- You are an eligible employee as outlined in the summary plan description document, and
- You were hired or rehired before January 1, 2009.
If you are eligible for this plan, you are automatically enrolled.
Pension plan eligibility for represented employees
Eligible represented employees hired or rehired before July 1, 2009 (OPEIU) or July 1, 2010 (MTC and SPA) were previously part of the pension security plan.
On January 1, 2013, this plan was merged into the retirement income plan.
Dependent Care Flexible Spending Account (DCFSA)
If you are eligible for Sandia’s health benefits, you can enroll in a dependent care FSA.
As a new hire and each year during open enrollment, you can enroll and decide how much to contribute to your dependent care FSA based on the expenses you expect to incur.
Your enrollment is not automatically carried over from year to year.
Transportation Spending Account (TSA) – CA employees only
The TSA is for California employees only.
You may enroll at any time by completing the Sandia transit parking enrollment form.
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Quick Tip
Pay your health expenses with tax-free dollars
Sandia’s healthcare flexible spending account provides you with the vehicle! You can enroll as a new hire and during each year’s open enrollment.