Overview

Alexander & Baldwin, Inc.'s benefits program provides you and your family with many advantages—but it's your responsibility to utilize what the program offers and to take the actions necessary to ensure your benefits package keeps up with your changing needs.

The Benefit Basics section of your Benefits Handbook provides some general information about your benefits. Here you'll find the rules regarding eligibility and when coverage begins, an overview of how FlexSolutions—A&B's flexible benefits program—works, and other information that applies to your benefits.

Your Alexander & Baldwin, Inc. benefits program is a complete package of employee benefits that provides you and your family with a variety of important coverages and opportunities. The program is comprised of these components...

• FlexSolutions — The Company's flexible benefits program, which includes your:

  • Health Care Benefits — Medical/Vision and Dental options.

  • Life (Survivor) and Disability Insurance Benefits — Employee Life, Accidental Death & Dismemberment (AD&D), Business Travel Accident (BTA), Dependent Life, and Long-Term Disability (LTD) Insurance.

  • Reimbursement Accounts — Tax-Free Health Care and Dependent Care programs.

• Retirement Program — Featuring three plans designed to help you save for your long-term needs.

  • The A&B Retirement Plan for Salaried Employees — A plan which pays you a benefit when you retire, generally based on your earnings throughout your career at A&B (or any of its participating companies) and other factors.

  • The Individual Deferred Compensation (IDC) Plan — Our 401(k) plan, which allows you to save and invest on a pre-tax basis and receive a pre-tax Company matching contribution.

  • The Profit Sharing Retirement (PSR) Plan — This plan lets employees share in A&B's financial success through A&B's pre-tax contributions to your personal account.

• Other Benefits — Including paid time off, leaves of absence, educational assistance, health and life insurance for retirees, transportation (commuting and parking) benefits, and more.

Who Is Eligible

You are eligible for the Alexander & Baldwin, Inc. benefits program if you are a full-time salaried non-bargaining U.S. employee (or an employee working in a U.S. territory or possession).

Your family members ("dependents") may also be eligible for certain benefits offered through FlexSolutions—namely health care (medical, vision, and dental) coverage, and the Dependent Life and AD&D Insurance Plans.

For the purposes of FlexSolutions, eligible dependents include...

• Your legally married spouse (unless you are legally separated or divorced) or your qualified domestic partner; and,

• Your unmarried child(ren) who are:

  • Under age 19;

  • Under age 25 and full-time student if they depend on you for support and are registered as full-time students working toward a degree at an accredited school, college or university; or

  • Physically or mentally disabled (as determined by the applicable plan provisions) and dependent mainly on you for care and support. Please note that Dependent Life Insurance coverage cannot be extended due to a disability; a dependent child's life insurance coverage ends when he or she reaches age 19 or 25, as applicable. 

To qualify your domestic partner for FlexSolutions, you must sign an Affidavit of Domestic Partnership affirming the following:

• You and your domestic partner are both of the same sex.

• You and your domestic partner are age 18 or older and capable of consenting to the domestic partnership.

• You and your domestic partner are each other’s sole domestic partner and intend to remain so indefinitely.

• Neither of you are married to another person, or in a domestic partnership with someone else that has not been terminated, dissolved, or nullified.

• You and your domestic partner are not related by blood to a degree of closeness that would prohibit legal marriage in the state in which you reside.   

• You and your domestic partner have lived together in the same residence for at least six months and have been in a relationship for at least 12 months.

• You and your domestic partner are jointly responsible for each other’s basic living expenses incurred during the domestic partnership.

• You are both registered in your state as domestic partners (or equivalent) if the state has a registry and you provide proof of your domestic partner status.

• You will notify A&B within 31 days if there is a change in the domestic partnership arrangement attested to in the affidavit.

For the purposes of eligibility, "children" include...

• Your natural children;

• Your step-children and children of a domestic partner whom you support and who live with you in a parent-child relationship;

• Your adopted children, including children placed with you for adoption;

• Children for whom you are responsible under the terms of a Qualified Medical Child Support Order (QMCSO)*; and

• Any other children you support who live with you in a parent-child relationship, as approved by the plan.

However, certain individuals whom you consider to be family members may not be eligible for FlexSolutions, as outlined under Who Is Not Eligible below.

Who Is Not Eligible

The following individuals who perform services for Alexander & Baldwin, Inc. are not eligible for coverage under any of the Company's benefit plans, unless specifically stated as eligible elsewhere in this Handbook...

• Temporary employees — Individuals employed for short-term assignments (generally lasting three months or less); note, however, that an individual's status will not change from temporary status to another status because the individual's assignment has been extended. In addition, this limit will not apply in those instances where doing so would violate any applicable state laws.

• Interns — Individuals enrolled in a college and/or university and who are employed by the Company pursuant to a work plan on a short-term basis. The work plan may be developed solely by the hiring manager and the intern, or the hiring manager, intern and the university. An individual working under such an arrangement will be classified as an intern, even if he or she does not receive academic course credit from the college or university upon completing the terms of employment.

• Agency employees — Individuals employed pursuant to a written agreement with an approved agency or other third party for a specific job assignment or project; such individuals include leased employees as defined under any Company plan.

• Consultants — Individuals with specialized knowledge or skills who are retained to provide advice or assistance to A&B. Such individuals are independent contractors and not employees of the Company. A consultant who is reclassified by a state or Federal agency or a court as an employee will become a reclassified employee and will not receive benefits except those mandated by state or Federal law, even if, by the terms of A&B's benefit plans in effect at the time the reclassification occurs, the consultant would otherwise be eligible for such benefits.

• Non-resident aliens — Individuals who are non-resident aliens and who receive no earned income from U.S. sources.

• Reclassified employees — Individuals who were formerly consultants with the Company but were reclassified as employees by a Federal or state agency or court.

In addition, the following family members are not eligible for coverage under any of A&B's benefit plans...

• Married children,

• Foster children,

• Spouses/domestic partners or children living outside the U.S. or Canada, or

• Other family members, including your (or your spouse's/domestic partner's) parents, brothers, sisters, etc.

When Coverage Begins

Generally, you and your dependents are eligible for all FlexSolutions coverages on the first of the month coincident with or following your first day of active eligible employment (as long as you enroll by the date requested). However, special rules may apply under certain benefits. For more details refer to the information below, as well as the individual benefit plan descriptions provided elsewhere in this Handbook.

Keep in mind that this is when you become eligible. For some of A&B's benefit plans—namely the IDC Plan and those that comprise FlexSolutions—you must actively enroll to participate. The Company will provide you with enrollment materials before your eligibility begins. It is your responsibility to complete your enrollment by the date requested.

After your initial FlexSolutions enrollment, you have an opportunity to make changes to your benefits. Under FlexSolutions, any new coverages you elect take effect as explained below. If you make the change(s)...

• During the Company's annual FlexSolutions Open Enrollment, the change(s) go into effect the January 1 following Open Enrollment.

• As a result of a qualifying change in status, the change(s) take effect the first day of the month coincident with or following the date of the qualifying change in status as long as you make the change within 31 days of the event. In accordance with HIPAA, if you are adding a newly eligible child to your medical coverage, coverage will begin the date of birth or adoption. (For more details on status changes, see Changing Your FlexSolutions Elections During The Year.)

You should be aware of the following rules that may also affect when your FlexSolutions coverage begins...

• You must be actively at work for your coverage to become effective. If you are not actively at work when your coverage would otherwise take effect, it will not go into effect until you return to work (full-time) for one full day. (Note that this provision will not apply in instances in which doing so would violate Federal law.)

• Your dependents' (spouse/domestic partner and children) health care coverage will go into effect when yours does as long as they are eligible dependents.

• You may be required to submit "evidence of insurability" (proof of good health) before your Employee Life Insurance coverage amounts will become effective. For more information, refer to the applicable portion of Survivor And Disability Benefits.

• Your life insurance and long-term disability coverages (or any increased coverage you elect) will not go into effect if you are not actively at work; similarly, your dependent's coverage (or increased coverage) will not go into effect if the dependent is confined due to an illness or injury. (For details, see When Coverage Becomes Effective.) Note that to enroll a dependent in the Dependent Life Insurance Plan, you must do so within 31 days of the date the dependent became eligible; otherwise, you must wait until the next FlexSolutions Open Enrollment.

• If you and your spouse/domestic partner both work for A&B, you each are eligible for coverage as employees. Neither you nor your spouse/domestic partner can be covered as both an employee and a dependent. Your eligible dependent child(ren) may be covered by either of you, but not by both.

Meanwhile, the following applies to your participation in the A&B retirement program: Under the...

• Retirement Plan , you automatically become a Plan participant on the first day of the month coincident with or following the date on which you complete one year of eligibility service.

• IDC Plan , you may enroll in the IDC Plan on your date of hire.

• PSR Plan , you will be eligible to receive PSR contributions as of the first day of the month coincident with or following the date on which you complete one year of eligibility service.

For more details, refer to the Retirement and Investment Programs section.

When Coverage Ends

Coverage for you and your dependents under the A&B benefits program generally ends when...

• Your employment ends, either as a result of termination or retirement (if your employment ends due to your retirement, you may be eligible for the Company's retiree health care and life insurance benefits, as described under "Other A&B Benefits" (see Insurance Benefits For Retirees);

• You or your dependents no longer meet the eligibility requirements described under Who is Eligible above or any new eligibility requirements A&B establishes;

• You (or your dependents) begin active duty in the armed forces of any state (note that the actual affect on your coverage may vary under the different plans—contact your local Human Resources representative for more details);

• You stop making any required contributions for coverage; or

• A&B terminates a particular plan or policy.

The exact date on which coverage under a particular plan ends varies, according to the plan. You should refer to the applicable benefit plan descriptions within this Handbook for more information.