APRIL 2023

Could your employees take better care of their money?

In this update:

Report on employee benefits usage

Well-being Challenge #1 starts this month

Time to focus on financial well-being

Resources to help you help your employees

Welcome to the Manager Update page. As a member of Costco leadership, you have an important role to play in helping to support your employees’ well-being. You can encourage them to get to know their benefits so they can take full advantage of them.

Report on employee benefits usage

Data is comparing January 2023 to February 2023

Brightline connects employees to the support they need for their kids’ and teens’ mental health needs. Brightline was highlighted in February WITT content and experienced a 25% increase in enrollment thanks to your help. To learn more about Brightline, visit https://www.hellobrightline.com/aetna.

NEW: Well-being Challenge #1 starts this month

Encourage your employees to sign up for their first Well-being Challenge: Spend 5 minutes a day focusing on things you’re grateful for. Research shows a gratitude practice can improve emotional well-being.

Time to focus on financial well-being

April’s WITT content is all about money and how to take care of it. Your employees will discover five ways to create financial stability. See how exercise affects more than just physical well-being. Explore the ins and outs of financial aid. And learn why it’s so important to choose a beneficiary.

Resources to help you help your employees

Get to know the Costco benefits, resources and content that are featured on the well-being portal each month. And make sure your employees know how their Costco benefits can support them and their covered dependents. An easy way to do this is by presenting this month’s we’re in this together program slides during your next staff meeting.

April’s featured resources:
  • Employee Stock Purchase Plan (ESPP), administered by UBS
    • Employees can share in the profits they helped build.
    • To learn more or enroll, visit Costcobenefits.com and select Financial Wellbeing > Employee Stock Purchase Plan (ESPP).
  • Resources For Living® (RFL®)*
    • Employees can get six free 30-minute financial consultations.
    • They have free access to legal documents and forms, as well as articles and tools.
    • To learn more, call 833-721-2320 (TTY: 711) or visit RFL.
  • SmartDollar®
    • Provides a step-by-step online personal finance program.
    • Employees can learn to budget, save, reduce debt and plan for retirement.
    • Register and log in at SmartDollar, call 844-283-9381 or text COSTCO to 33789** to download the app.
  • T. Rowe Price (Costco’s retirement program administrator)
    • Employees can check their balance, choose investments, read articles about smart retirement planning and more, online.
    • They can download an app for convenient anytime, anywhere account management.
    • To get started, log in at Costcobenefits.com and select Financial Wellbeing > Retirement Plan Details.
  • Benefits Quick Reference Guide
    • A convenient guide you can print and share with employees when you need information about Costco benefits in a hurry. As a reminder, please choose the one that applies to your location for resources available to your employees.
    • This guide is also available in poster format and was included in your Annual Enrollment kit, which was sent to all locations at the end of October. You can order additional posters by visiting the HR Materials Ordering Site.

*Resources For Living is available to all employees and members of their household, including children up to age 26 living away from home.

**Message and data rates may apply.