Flexible Spending Accounts (FSAs) allow you to contribute before-tax dollars to an account to pay for eligible healthcare and dependent care expenses you have during the year. Because contributions are deducted from your paycheck before taxes are taken out, you reduce your taxable income, which means there’s less money for the government to tax, so you save on taxes! CATIC offers the FSA through Meritain Health.

You must newly elect/re-elect the FSAs each year – your election will not roll forward. Once elected, you must have a qualifying life event to stop or change your deduction amount. If you do not elect when eligible/available, you cannot newly enroll without a qualifying life event.

Full Purpose FSA

The Full Purpose FSA allows you to set aside pre-tax dollars, up to IRS limits, to help pay for eligible medical, prescription drug, dental and vision expenses. Because IRS rules state you cannot have both an HSA and a Full Purpose FSA at the same time, the Full Purpose FSA is available only if you are not contributing to an HSA. You can also participate in the Full Purpose FSA if you are enrolled in a non-HSA-eligible medical plan with your spouse.

Basic Life and AD&D

Life and AD&D insurance provide you and your beneficiaries the financial protection you need if you die or become injured or sick from an accident.

All employees are covered by a benefit of 1X your earnings to a maximum of $250,000.

This coverage is at no cost to you.

Voluntary Life and AD&D

With this optional benefit you can purchase additional coverage for yourself, your spouse, and/or your child(ren). You, the employee, must enroll/be approved for coverage for your spouse and/or child(ren) to also enroll.

Short Term Disability (STD)

STD pays you 60% of your weekly pay to a maximum of $1,000. Your disability leave begins the day you have an accident or are injured – this benefit will pay you: accident on day 1, sickness/maternity on day 8. The duration of benefits is determined by your leave carrier to a maximum of 180 days.

This coverage is at no cost to you.

Long Term Disability (LTD)

LTD covered accidents or illness that extend beyond STD. This benefit covers 60% of your monthly pay (maximums vary.) These benefits would begin to pay 180 days after your accident or illness leave began.

This coverage is at no cost to you.

Set your future self-up for financial stability with a 401(k) through Empower Services. Choose from pre-tax (traditional) or after-tax (Roth) contributions, depending on your need. You can change your contribution amount or pre- or after-tax election at any time.

Employer Match

CATIC will match 100% of employee deferrals up to 3% of salary and 50% of employee deferrals after 3% to a 6% maximum.

Vesting Schedule

You will own 25% of CATIC’s match after one year of service, and 100% of CATIC’s match after two years of service. The value of your contributions to the Plan and any earnings they generate are always 100% vested (including rollovers from previous employers).

2026 Contribution Limits

$24,500 for employee contributions, and $72,000 for the combined employee and employer contributions. If you’re age 50 or older, you are eligible for an additional $8,000 catch-up contribution, in addition to the limit.

Special catch-up limit $11,250 – available at age 60, 61, 62 and 63.

New Roth Catch-up Contribution – individuals with $145,000+ in FICA wages for 2025 will be required to make catch-up contributions as Roth contributions.