We are proud to support the philanthropic efforts of our employees through the Matching Gifts Program.
Hess matches full-time employees’ cash donations to eligible non-profit organizations. If you are a full-time employee, you may have your eligible contributions matched up to an annual maximum of $5,000 each year. A minimum contribution of $25 is required to be eligible for the company match. You can make donations and matching gifts at Fidelity’s netbenefits.com website.
Volunteer Grants
Hess will also make volunteer grants to eligible non-profit organizations of up to $500 per calendar year for each eligible employee. A minimum of 20 hours of verifiable volunteer time is required to qualify for the volunteer grant.
What You Pay for Medical Coverage
Coverage Level
Your Biweekly Before-Tax Contribution
Employee Only
$40.22
Employee + One
$80.43
Employee + Family
$137.52
Why Hydrate?
Water is essential to life. The water in your cells, organs and tissues helps regulate your body temperature and maintain your bodily functions. And because your body loses water through breathing, sweating and digestion, it’s important to stay hydrated throughout the day.
Join the Hydrate Challenge
Make sure you’re drinking enough water every day. We’ll even give you a free water bottle, so there’s no reason not to drink up!
How Adoption Assistance Works
This page contains an overview of the Adoption Assistance Program. Get full details here.
How It Works
You can receive up to eight weeks of parental leave/child bonding or care of a family member leave, regardless of gender or caregiver status. Birth mothers receive an additional eight weeks of maternity leave, for up to 16 weeks of leave.
Click the alert bar near the top of the home page.
On the My Family page, be sure to provide the information required for each dependent you want to cover.
On the Select Your Benefits Coverage page, make your elections and review your per-paycheck cost.
On the Review Beneficiary Allocation page, you’ll designate a beneficiary for every coverage you elect that requires a beneficiary designation.
On the Review Elections page, confirm and submit your elections.
Enroll by Phone
Call 1-877-511-4377, Option 1 Monday through Friday, 7:30 a.m. – 5:30 p.m. CT and follow the instructions.
To ensure tax-free payments if you become disabled, the company’s cost to provide LTD coverage is considered imputed income by the IRS
How to Initiate a Disability Claim
If you’re unable to work due to an illness, injury or leave of absence that lasts more than five days, here’s what to do:
Advise your manager or HR representative how long you anticipate being away from work.
Report your absence to Matrix (our absence management administrator) by the sixth workday of your absence. If your leave is anticipated, contact Matrix at least 30 days before it’s expected to start.
Refer to these instructions for more details. Watch this video to learn more about Sick Leave, STD, LTD and how to request a leave of absence.
LTD Coverage
Hess provides LTD coverage at no cost to you. LTD coverage replaces a portion of your pay if you become seriously ill or injured and cannot work for an extended period of time lasting more than 26 weeks.
Keep In Mind:
You will need to provide evidence of insurability if you: enroll more than 30 days after first becoming eligible, increase Optional Life Insurance by more than one times your salary or enroll in Optional Life Insurance at four times your salary.
You designate beneficiaries to receive your Life Insurance benefits. You are the beneficiary if you elect any Optional Life Insurance for your spouse or children.
Withdrawals and Loans
You can change your contributions to the Savings Plan at any time, increasing or decreasing as necessary. Additionally, you are automatically vested in your contributions, the company’s matching contributions and any earnings on those contributions, meaning the money in your account belongs solely to you.
When you make a withdrawal, the amount you receive will be based on the current market value of your investments. While the money in your Savings Plan is intended to be used for retirement, there are other times you can access the money in your account, such as if or when:
You leave the company. Any before-tax contributions you made will be taxable in full. However, you may be able to roll it over to another company’s plan or into an Individual Retirement Account (IRA) and continue to defer taxes.
You reach age 591/2. You can make withdrawals once you reach this age even if you are not yet retired. Withdrawals of before-tax contributions and earnings will be subject to ordinary income tax. If held for at least five years, withdrawals of Roth after-tax contributions and earnings will not be subject to tax. Withdrawals of regular after-tax contributions will not be taxed, but earnings will be subject to ordinary income tax.
You take out a loan. You can borrow from your Savings Plan account while you are working for Hess. An interest rate is established for your loan, which you pay through regular payroll deductions. Your Savings Plan payments — including all interest payments — are made to your own account. In effect, you pay yourself back with interest. Loans are made to you tax free.
You have an immediate financial hardship. In certain situations, withdrawals are allowed at any time after you have exhausted any distributions under the Savings Plan. However, hardship withdrawals may be subject to a 10 percent tax in addition to ordinary income tax. See your Summary Plan Description (SPD) for more details on what qualifies as a hardship.
When you access your account following retirement, before-tax contributions and associated earnings, and regular after-tax earnings will be taxable in full. If you would like, you can request that the entire account be paid to you as a lump sum. If your vested account balance is more than $1,000, you can leave your money in the Savings Plan until age 701/2 or roll over your taxable distribution into an IRA or another eligible retirement plan.