MyWMTotalRewards is a comprehensive employee benefit and rewards program Waste Management, Inc. offers. The program is designed to provide employees with various benefits, including health insurance, retirement savings plans, and paid time off. To help employees better understand the program, here are ten frequently asked questions (FAQs) about MyWMTotalRewards.
What is MyWMTotalRewards?
MyWMTotalRewards is an employee benefits and rewards program offered by Waste Management. The program includes a range of benefits, such as health insurance, retirement savings plans, paid time off, and more. The program aims to provide employees with a comprehensive benefits package that supports their overall well-being.
Who is eligible for MyWMTotalRewards?
All Waste Management employees who work at least 20 hours per week are eligible for MyWMTotalRewards. This includes full-time, part-time, and seasonal employees.
How do I enroll in MyWMTotalRewards?
New employees can enrol in MyWMTotalRewards during the onboarding process. Current employees can change their benefits elections during the annual enrollment period, typically in the fall.
What are health insurance options available through MyWMTotalRewards?
MyWMTotalRewards offers a variety of health insurance options, including medical, dental, and vision coverage. The specific plans available may vary based on your location and employment status.
What are retirement savings plans available through MyWMTotalRewards?
MyWMTotalRewards offers two retirement savings plans: a 401(k) plan and a pension plan. Employees can contribute a portion of their salary to the 401(k) plan, and Waste Management will match a percentage of those contributions. The pension plan is a defined benefit plan that provides a set benefit based on an employee’s years of service and salary.
What benefits are included in MyWMTotalRewards?
MyWMTotalRewards offers many benefits depending on the employee’s position and location. Some employee benefits include medical, dental, vision, life, and disability insurance, retirement plans, paid time off, and employee discounts. Employees can log into their MyWMTotalRewards account to see a full list of benefits.
How much does it cost to enrol in MyWMTotalRewards?
The cost of enrolling in MyWMTotalRewards varies depending on the employee’s position, location, and benefits selection. Some benefits, such as life and disability insurance, may be fully paid for by the company. In contrast, other benefits, such as medical insurance, may require the employee to pay a portion of the premium.
What retirement are plans available through MyWMTotalRewards?
MyWMTotalRewards offers several retirement plans, including a 401(k) plan and a pension plan. Employees can log into their MyWMTotalRewards account to learn about their retirement plan options.
Can I transfer my retirement savings if I leave Waste Management?
Employees who leave Waste Management can transfer their retirement savings to another retirement account, such as an IRA or a new employer’s 401(k) plan. Employees can contact the MyWMTotalRewards service centre for assistance with transferring their retirement savings.
What is the MyWMTotalRewards service center?
The MyWMTotalRewards service centre is a team of customer service representatives available to answer employee questions about their benefits and compensation packages. Employees can contact the service centre by phone or email for assistance.