Principal
Employee Benefits
Benefits information for First Source Title employees.
2026–2027 plan year
Review your plan options, payroll deductions, and enrollment guidance.
Medical
Cigna medical plans
The company pays 50% of the medical premium at the employee rate across all tiers. Amounts shown are the payroll deduction per weekly pay period (52 per year).
Medical plan comparison
In-network
| Benefit | $1,500 PPO | $3,500 PPO | $5,000 HSA |
|---|---|---|---|
| Deductible single/family | $1,500 / $3,000 | $3,500 / $7,000 | $5,000 / $10,000 |
| Coinsurance | 20% | 20% | 20% |
| Out-of-pocket max single/family | $5,000 / $10,000 | $7,000 / $14,000 | $7,500 / $15,000 |
| Office visit PCP/specialist | $25 / $40 copay | $25 / $40 copay | 20% after deductible |
| Inpatient hospital | 20% after deductible | 20% after deductible | 20% after deductible |
| Outpatient surgical | 20% after deductible | 20% after deductible | 20% after deductible |
| Emergency room | $250 copay then 20% after deductible | $250 copay then 20% after deductible | 20% after deductible |
| Prescription retail Level 1 | $10 / $40 / $85 / $250 | $10 / $40 / $85 / $250 | $10 / $40 / $85 / $250 |
| Prescription mail order Level 1 | $25 / $100 / $213 (90-day) / $250 (30-day) | $25 / $100 / $213 (90-day) / $250 (30-day) | $25 / $100 / $213 (90-day) / $250 (30-day) |
Dental & Vision
Dental & Vision
Weekly payroll deductions.
UnitedHealthcare
Vision
Life & AD&D
Life & AD&D coverage
Principal Life & AD&D coverage information.
You
- $10,000 increments
- Minimum $10,000
- Maximum $500,000
- Guaranteed issue: $150,000 under age 70 and $10,000 at age 70+
- AD&D included
Your Spouse
- $5,000 increments
- Minimum $5,000
- Maximum $150,000
- Guaranteed issue: $30,000 under age 70 and $10,000 at age 70+
- Cannot exceed 100% of your benefit
Your Children
- $5,000 or $10,000
- Children under 14 days receive $1,000
- Covered until age 26
- Cannot exceed 100% of your benefit
- You must elect coverage on yourself first
Time Off
Time Off
PTO may be used for vacation, sick time, or other personal matters. Any unscheduled time off requires the use of accrued but unused PTO. Unpaid time off and leaves of absence are governed by separate handbook policies.
PTO accrual schedule
| Years of Service | Annual Hours | Days | Accrual Rate |
|---|---|---|---|
| 120 hours | 15 days | 0.0577 per hour | |
| 160 hours | 20 days | 0.0769 per hour | |
| 200 hours | 25 days | 0.0962 per hour |
Managers follow 120 hours for years 1–3, 160 hours for years 4–7, and 200 hours for year 8+.
How PTO works
How PTO is requested
- PTO is usable after the 90-day introductory period.
- Request time off two weeks in advance in minimum 4-hour increments.
- Carry over up to 40 hours or cash out by December 1.
- Maximum one consecutive week, with black-out dates near month-end.
Paid holidays
Saturday holidays are observed the preceding Friday. Sunday holidays are observed the following Monday.
401(k)
401(k)
Provider: Paychex
Eligibility and enrollment
- You must be age 21.
- New hires enroll the first of the month following their hire date.
- Rehires must re-enroll manually.
- Under-21 employees auto-enroll at 3% once they turn 21.
- Opt out by changing your Paychex contribution to 0% at least one week after hire.
- Rollovers are accepted as of your hire date.
Contributions
Contribute up to 80% of eligible pay on a pre-tax or Roth basis. There is no minimum contribution, and you can change deferrals at any time.
2026 contribution limits
- Under age 50
- $24,500
- Age 50+ catch-up
- Plus $8,000
- Ages 60–63 enhanced catch-up
- Plus $11,250
- Age 64+
- Returns to regular catch-up
Employer match
- The employer match is discretionary and calculated annually on plan-year compensation.
- The match is paid as a lump sum once per year.
- You must be actively participating and employed on the last day of the plan year to receive it.
- You are always 100% vested in your own contributions and rollovers.
Vesting
Employer contributions vest based on completed years of service.
| Years of service | Vested |
|---|---|
| Less than 1 year | 0% |
| 1 year | 20% |
| 2 years | 40% |
| 3 years | 60% |
| 4 years | 80% |
| 5+ years | 100% |
Distributions
Available at age 59.5, death, disability, or termination.
Hardship withdrawals
Available for home purchase, tuition, medical expenses, eviction prevention, funeral costs, or home repairs.
Loans
Up to $50,000 or 50% of your vested balance, whichever is lower.
Leave
Leave Policies
FMLA
Up to 12 weeks of unpaid, job-protected leave for serious health conditions, new child bonding, or military family needs. Requires 12+ months of service and 1,250+ hours worked.
Bereavement
Up to 3 paid days for the death of an immediate family member, available after 6 months of service.
Parental Leave
Up to 8 weeks unpaid for birth, adoption, or foster placement. Available to full-time employees with 12+ months of service.
Medical Leave
Up to 6 weeks unpaid per rolling year for serious illness when ineligible for other leave.
Military Leave
Provided under USERRA with full re-employment rights and reinstatement to your prior position.
Personal Leave
Considered case by case after 90+ days of employment. All paid leave must be used first, and reinstatement is not guaranteed.
Financial Security
401(k) Retirement
Through Paychex with auto-enrollment at 3%, a discretionary match, 90-day eligibility, and age 21+ requirements.
Workers' Compensation
Covers work-related injuries and illnesses. Report any injury to your manager immediately. Includes medical care and wage replacement, company-funded per state law.
COBRA Continuation
Keep health coverage after a qualifying event such as resignation, reduction in hours, or divorce. Contact HR about your rights.
Enrollment
Enrollment Changes
Qualifying life events
- Birth or adoption
- Marriage or divorce
- Death of spouse, partner, or dependent
- Spouse's employment begins or ends
- Dependent eligibility changes
- Loss of other health coverage
- Child medical support orders
Notify HR within 30 days
You must notify Human Resources within 30 days of a qualifying life event.
Open BambooHR| Life Event | Eligibility | Documentation Required |
|---|---|---|
| Marriage or adding spouse | Lawful spouse not legally separated or divorced | Marriage certificate, first page of Form 1040, or letter showing last day of coverage. |
| Birth, adoption, or guardianship | Child under 26, biological, step, adopted, foster, or legal guardianship | Birth certificate, adoption paperwork, court order, or QMCSO. |
| Loss of coverage | Employee, spouse, or dependent children | Letter showing last day of coverage. |
| Death of spouse or dependent | Lawful spouse or legal dependent | Death certificate from a government agency. |
| Domestic partnership | Notarized domestic partnership | Domestic Partnership Affidavit. |
| Residence change | Move to a different zip or county that changes plan area | New rental agreement or mortgage documentation. |
| Medicare enrollment | Employee age 65+ entitled to Medicare | Proof of coverage from Medicare. |
Discounts
Discounts & Support Services
Available through Principal group benefits. These services are not insurance.
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You, your spouse, and dependent children can reach licensed mental health professionals 24/7 for support, coping tips, and local referrals.
Prepare, print, and store a will, living will, healthcare power of attorney, and more through ARAG. Includes an identity theft kit.
Questions
Contact the right team for help with your benefits.
- 401(k) eligibility, leave requests, and day-to-day questions
- 401(k) — 1-610-398-7518