Financial Benefits
Financial Benefits
An overview of the financial benefits available as part of ERIE's benefits package.
Retirement/Pension Plan for Employees
Record Keeper: Fidelity Investments | Video Overview
- The plan is funded entirely by ERIE.
- You are fully vested (you own your accrued benefit) after five years of service.
- Your benefit at retirement is based on your total years of credited service (up to 30), salary, age, election of survivor benefits and other factors.
- A disability benefit is available after 15 years of credited service.
- You can elect early retirement after age 55 and 15 years of credited service.
- Sign in to netbenefits.fidelity.com to review and estimate your pension benefit.
401(k) Employee Savings Plan
Record Keeper: Fidelity Investments | Video Overview
- Save up to 100% of your base pay either before tax (tax-deferred contribution) or after tax (Roth elective deferral), subject to the IRS annual limit.
- ERIE matches 4% of the first 5% you contribute.
- You are immediately 100% vested in all contributions.
- Many investment options are available for plan contributions.
- Withdrawals are available under certain circumstances while you are employed.
- Please refer to the Summary Plan Description for detailed explanations of the automatic enrollment and contribution increase features.
- Use the Fidelity Investments phone line (877-208-0969) and website to enroll in the plan, manage your account and find information.
- Learn more by logging into netbenefits.fidelity.com.
Be sure to update your 401(k) beneficiary in NetBenefits!
Did you know that the person or people you want to receive your Fidelity 401(k) benefit in the event of your death will be binding only if you've entered your beneficiary designee(s) in your Fidelity account?
Sign in to netbenefits.fidelity.com > Profile & Settings > Beneficiaries to update your beneficiaries.
Investor Centers
Provider: Fidelity Investments
If you’re nearing retirement, or have multiple financial needs, time spent with a Fidelity consultant can help you develop a plan to help make your goals a reality.
Connect with a local dedicated advisor and schedule a one-on-one consultation appointment to customize a plan designed to help grow and protect your wealth.
You will receive comprehensive help, including:
- Investment assistance
- Multigoal planning
- Professional money management
- Retirement income planning
- Estate planning
To find your nearest Fidelity Investor Center, go to Fidelity.com/branchlocator.
Workplace Planning and Guidance
Provider: Fidelity Investments
Planning consultants are available to help you create a retirement savings strategy that’s right for you and your goals. Fidelity planning consultants can help you get a clear picture of your current accounts and review your saving and investing strategies and help find ways to jump-start your short or long-term goals.
Planning consultants can:
- recommend investment strategies based on your risk tolerance, time horizon and financial goals.
- provide insights on tax-efficient investing strategies to help you maximize your after-tax returns.
- help you create a customized plan to manage and pay down your debts, prioritizing high-interest debts and setting achievable goals.
- assist with setting up and managing various accounts, including 529 College Savings Plans, IRAs and brokerage accounts.
Contact Fidelity’s Workplace Planning and Guidance for a complimentary guidance consultation at 1-800-603-4015.
Fidelity Investments Work Perks
Provider: Fidelity Investments and Third-Party Vendors
- ERIE has partnered with Fidelity to offer Employees additional financial wellness resources for assistance during challenging life events.
- Find special access to a wide variety of useful services, including test prep, home improvement, caregiving support and investment planning for families with disability expenses.
- Learn more by logging into Fidelity Investments Work Perks.
Note: Some services are provided by a third-party vendor. ERIE cannot make any representations of warranties regarding the vendor or the services provided.
Trust & Will
Website: https://www.trustandwill.com/erie
- ERIE Employee’s now have access to a complimentary individual or couples Will through Trust & Will, up to a $299 value through December 31, 2025.
- The discount for the Will is taken at checkout by entering your promo code – ERIE along with your 5-character Employee ID, including the alpha character. For example, ERIEA1234.
- Utilizing this benefit creates taxable income for you upon redemption of the promo code. ERIE will cover the taxes on your behalf through a tax gross-up. This value will be shown as “Trust & Will + Taxes” in the earnings section of a $0 paycheck; paychecks are viewable through myPay.
- Employees can upgrade to a Trust, and the discount from the free Will will be automatically applied ($299 value). Attorney support, however, is not included. Employees will have 12 months of complimentary subscription access to the Trust & Will platform after the promo code is redeemed at checkout.
- Get started – the process takes about 30 minutes to complete, giving you peace of mind for the road ahead.
Identity Theft Protection
Provider: ID Watchdog | Website: ID Watchdog
- Proactive protection of personal and financial information for yourself or your family. Monitoring, alerts and resolution support if your personal information is lost or stolen.
|
Coverage Tier |
Maximum Benefit |
2026 Employee's Cost/Month |
|---|---|---|
|
Employee Only |
$5,000,000 |
$7.50 |
|
Employee + Family (individuals supported by you financially or who live under your roof) |
$5,000,000 |
$13.50 |
Adoption Assistance Program
- To assist with associated costs, ERIE offers a $10,000 allowance for the adoption of each eligible child.
- Apply for the allowance using the form found at ERIEweb.