2021
Benefits Center
The Benefits Hub is a one-stop shop for all of your year-round benefits needs. Get access to everything you need – plan documents, contact information, plan information, in-network provider search, and more – at the click of a button!
To get started, click a Plan Icon or just continue scrolling.
Any Questions? Call the Benefits Call Center at 855-952-3569
Prescription Drug
Prescription Drug coverage is included with every Cigna plan.
Health Savings Account
A health savings account, or HSA, is an account that’s funded with pre-tax
contributions from your paycheck and used to cover health-related expenses.
If you choose an HDHP plan with HSA, we’ll deposit quarterly matching contributions
into your HSA up to the limits shown below – yours to keep, yours to use for
eligible expenses.
If you choose to contribute the IRS maximum amount to your HSA, then the matching
contributions you receive from Five Below will reduce the amount of your
contributions (meaning that less comes out of your paycheck).
Flexible Spending Accounts
with 
A flexible spending account (FSA) is a tax-free reimbursement account funded by
pre-tax contributions from your paycheck. You can use FSA funds to pay for qualified
medical or dependent care expenses. Your eligibility for a healthcare FSA depends
upon which medical plan you elect.
Health Care FSA Eligibility:
EPO $800 plan or no medical coverage
Dependent Care FSA and Commuter Reimbursement Eligibility:
All
benefit-eligible employees
Dental Plans
Choose between the Dental HMO plan, with no deductible and more coverage (in-network services only), or the Dental PPO plan, which offers the flexibility of both in- and out-of-network coverage.
Deductible:
Basic Services:
Major Services:
Orthodontic Services:
Deductible:
Basic Services:
Major Services:
Orthodontic Services:
Life & Disability
We provide life and disability coverage for all our benefit-eligible employees at no
cost to you! You do not need to re-enroll in basic life or disability coverage each
year in order to receive these benefits – no action required.
The optional supplemental life plan is 100% employee-paid and may cover you,
Included Benefits
✓ Basic Employee Life
✓ Short-Term Disability
✓ Long-Term Disability
✓ Employee-Paid Supplemental Life
✓ Employee Stock Purchase Plan
✓ PerkSpot Discount Program
The 401(k) Plan
The Five Below 401(k) plan helps you meet one of life’s most important goals – financial security at retirement.
Eligibility:
For deferral: You must be age 21. There is no service requirement, and you
must have a semi-annual entry date.
For 401(k) match: You must be age 21. There is no service requirement,
and you must have a semi-annual entry date.
For all other: You must be age 21, have 1 year of service with at least
1,000 hours worked, and have a semi-annual entry date.
Contributions:
Contributions from your pay are made on a pretax or after-tax basis (depending on the type of plan you choose) up to the IRS annual limit. If you are age 50 or older, or will reach age 50 by the end of the year, you may make catch-up contributions beyond the normal IRS annual limit.
Vesting:
Vesting refers to your right of ownership of the money in your account. You are immediately vested in all 401(k) contributions and earnings.
Supplemental Benefits
These optional programs offer you and your family even more flexibility and added perks! These benefits are employee-paid and completely voluntary.
Included Benefits:
✓ Watchdog ID Theft
✓ Pet Assure Program
✓ MetLaw Legal Plan
✓ CHUBB Accident
✓ CHUBB Hospital Indemnity
✓ CHUBB Critical Illness
✓ CHUBB Term Life
Family-Friendly Benefits
Whether you already have a family or are just starting out, these benefits have family in mind.
Included Benefits:
✓ Paid Parental Leave
✓ Cigna’s Healthy Pregnancies Program
✓ Cigna’s Healthy Babies Program
✓ Ovia Fertility & Pregnancy
Wellness
Get mental health support from Cigna, or participate in the FREE and confidential Employee Assistance Program through CareBridge.
Compliance
Your hub for compliance information, forms, and contacts you may not have found elsewhere.
FIVE BELOW permits INSURERS to offer employees of FIVE BELOW certain voluntary insurance programs. Whether you choose to enroll in any of these programs is completely optional and voluntary. FIVE BELOW does not make a contribution towards the cost of these programs and employees pay the full cost of premiums on an after-tax basis. FIVE BELOW does not sponsor, maintain, endorse, recommend, or promote these voluntary programs. FIVE BELOW'S involvement regarding these voluntary insurance programs is strictly limited to allowing the insurer access to employees to publicize these programs and FIVE BELOW may perform certain ministerial functions such as payroll deduction and forwarding employee premium payments to the insurer. FIVE BELOW does not receive any consideration in the form of cash or otherwise in connection with the program, other than reasonable compensation, excluding any profit, for administrative services actually rendered in connection with payroll deductions. Accordingly, these voluntary insurance programs are not subject to ERISA and related regulations. All questions or claims regarding these programs should be directed to the insurer.
In the event of any conflict between the content contained herein and
the Summary Plan Description (SPD),
the provisions of the Summary Plan Description (SPD) shall prevail.
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