Welcome to the Savologists’ Lounge

Tap into benefits that support your financial wellbeing. Call the shots on your finances with these money-saving health accounts, the 401(k) savings plan, life insurance and more.

Flexible Spending Accounts

 

FSAs let you set aside pre-tax dollars from your paycheck to help you pay for eligible out-of-pocket healthcare or dependent day care expenses. Remember! You must enroll in your FSA every year.

Financial Information

You can contribute up to the annual IRS maximum for your eligible annual health care expenses. You’ll receive a HealthEquity Healthcare Card to pay for eligible medical, pharmacy, dental and vision expenses. 

A Limited Purpose FSA is available to you if you have an HSA. You can use the Limited Purpose FSA for eligible dental and vision expenses, but not for medical expenses. 

You can contribute up to the annual IRS maximum to pay for eligible dependent care expenses, for children under age 13 or a dependent who is physically or mentally incapable of self-care. 

Know the Rules

There are things to know about your FSA!

1

You must re-enroll in FSAs every year. That’s right. Every year.

2

You can’t transfer funds between the Health Care and Dependent Care FSAs.

3

  • If you don’t use all your Health Care FSA funds in 2024, you can carry over $610 to 2025.
  • If you don’t use all your Dependent Care FSA funds in 2024, there’s a 2.5-month grace period in 2025 when you can pay for eligible expenses with leftover 2024 funds.

Health Savings Account (HSA)

If you enroll in the HD Split medical option, you can set aside money in an HSA to pay for today’s health expenses or save it for the future. There’s no “use it or lose it” and Southern Glazer’s adds an annual contribution!

 

You can contribute up to $4,150 for employee-only coverage or $8,300 for any other coverage level, minus any contributions made by SGWS. If you’re age 55 or older by the end of the calendar year, you can contribute an additional $1,000 in HSA catch-up contributions. 

Make it a Triple

The HSA comes with triple tax advantages.

1. Pre-tax savings. Your contributions come out of your paycheck before your taxes are taken out, which means you pay less in taxes. And SGWS’s contributions are not taxable.

2. Tax-free earnings. All earnings in your account grow tax-free.

3. Tax-free withdrawals. When you use the money for eligible healthcare expenses, there are no taxes to pay.

401(k) Plan

 

SGWS has a 401(k) plan with a company match to help you save for the future! After 6 months of service, you’ll be automatically enrolled in the 401(k) plan at a 2% contribution rate in the default fund. You can contribute between 2% and 100% of your eligible pay and SGWS will contribute to your account, too!

 

Prudential Financial Wellness Resources*

 

Get access to a wide variety of financial tools and education designed to help you achieve your overall financial wellbeing goals. Visit the Prudential Wellness Center to learn how to gauge your family's needs and more.

 

*The Prudential Financial Wellness resources are for informational purposes only.

 

Life & Accident Insurance

 

SGWS provides Basic Life Insurance and Accidental Death & Dismemberment (AD&D) Insurance of 1x your earnings (up to $100,000) through Prudential at no cost to you.

 

You can buy Optional Life Insurance for yourself, your spouse/domestic partner and children. You can also buy Optional AD&D for yourself and your spouse/domestic partner. 

Additional Benefits

Tuition-covered education through Southern Glazer’s partnership with Guild makes it possible to gain new skills. Choose from programs like professional certificates, undergraduate and graduate degrees, bootcamps, high school completion, language learning, and more.

 

 

Up to $5,250 per year for undergraduate programs and up to $10,000 per year for master's degrees in the Guild catalog.

 

 

Required books and fees are 100% covered or reimbursable for select schools in the Guild catalog up to the program funding cap.

Take control of student loan debt with Vault Advisor, a new student loan resource that helps participants understand student loan debt. 

Whether you ride public transportation to work, park your car or both, the Commuter Benefits Program can save you money and time. Pay for your transit pass with pre-tax dollars.1 Pay your parking provider directly every month, automatically. 

1  State tax regulations in MS and PA do not permit employees to make pre-tax contributions. Only post-tax contributions are allowed.

Thirsty for something fun? Try the sounds of annual enrollment on Spotify, featuring music by artists whose wine and spirits brands are sold by Southern Glazer’s.

Nothing on this website or in any other benefits document or oral presentation should be construed as an employment contract or a guarantee of benefits.  Southern Glazer’s Wine & Spirits reserves the absolute and unconditional right to terminate or change any benefit Plan (including employee premiums, contributions, copays, deductibles, and other costs) at any time. Southern Glazer’s Wine & Spirits as the Plan Administrator of the Plans, has sole discretion to interpret the terms of coverage, eligibility and availability for any benefits provided.