2015 Benefits Enrollment November 2014. Copyright © 2014 BorgWarner Inc. 2

2015 Benefits Enrollment

November 2014

Copyright © 2014 BorgWarner Inc. 2


Benefits Not First on Your To Do list?

Now is the time they SHOULD be!


November 17- December 5


Elections remain in effect for all of 2015 unless you have a qualifying life event


BorgWarner Benefits Overview

https://borgwarner.a.guidespark.com/videos/6039




New for 2015: Rx Out-of-Pocket Maximum

You will receive new medical cards in December


New for 2015: FSA Rollover Feature

Only the Health Care FSA Allows the Rollover Feature

• At the end of this year, 2014, you can rollover up to $500 of your unused funds• Funds over $500 will be

forfeited

• The rollover is added to your annual contribution for the following year• Doesn’t effect your

contribution maximum • All expenses must be incurred

by 12/31/14• No longer 3/15/15


Don’t Miss Out: Upgrade Your LTD


RSP Auto Increase ServiceComing Soon!

Who? Anyone who makes <$115,000 in base pay + bonus and is contributing 1% – 9% to their Savings Before Tax account

What? Service will automatically increase your Savings Before Tax contribution by 1%

When? Annually beginning April 1, 2015 How? Automatic increases will stop when your contribution reaches 10%

You may change your auto-increase elections (up to 28%) or opt out of auto increase at any time by contacting T. Rowe Price

Why? Advantages: Reduce your current taxable income Compounding can help your savings grow over time

Look for more information on auto-increase service in the months ahead!


2015 Contribution Costs

NO INCREASES

to Dental or Vision

Premiums!

So, how do you EARN POINTS anyway…


BorgWarner Wellness Overview





New for 2016

New ways to earn points in 2015 for 2016(November 1,2014 –October 31, 2015)

Weight Loss of 5% Non-fasting blood sugar <140


Reminder: Dependent Eligibility

Dependent spouse - Lawful spouse Working Spouse Rule remains – working spouse must enroll in his/her

plan to be added to BW plan

Dependent children up to age 26 Regardless of whether they live at home, is listed as a

dependent on your tax return or is married Coverage through the end of the month the child turns 26 Children 26 and older if legally deemed permanently and

totally disabled Child: biological, legally adopted; stepchild; legal

guardianship; QMCSO

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Enrolling Online

Everyone MUST Go ONLINE and Do One of the Following: Elect to keep coverage the same as 2014 Change coverage Elect to “Waive Coverage”

OR …


How To Enroll Online

1. Login to Workday: 1. Go to www.borgwarner.com/benefits

2. Review current coverage: 1. Click “Benefits” worklet

2. Under View click on “Benefit Elections”

3. Complete your 2015 online enrollment:

1. Go to “Inbox”

2. Click on “Open Enrollment”

MUST ENROLL BY: DECEMBER 5


Supporting Your Enrollment

www.borgwarner.com/benefits


Questions?


Thank You For Your Attention

Fuel Economy Emissions Performance

Our Vision A Clean, Energy-Efficient World

Our Mission Deliver Innovative Powertrain Solutions that Improve

Fuel Economy, Emissions & Performance


Additional detailed slides you can use

Appendix


FSA Timeline for 2015 and 2016


Health Care FSA Timeline for 2015

Note: all expenses must be incurred by 12/31/2015 2015 claims must be submitted to Cigna by 3/31/2016


Don’t Miss Out: Upgrade Your LTD


Reminder: Working Spouse Rule

Working spouse is required to enroll in the medical coverage offered through their employer in order to be added to a BW plan

Here’s How It Works If your spouse is eligible for, but does not to enroll in, their own

employer’s group plan, they WILL NOT be eligible for BW coverage

If your spouse is enrolled in their employer’s plan, you may add them as a dependent to BW plan, but the BW plan will pay secondary coverage ONLY

If you enroll in both plans, benefits under each plan are coordinated. The total reimbursement from both plans cannot be more than the allowable benefit under the BW plan

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Documents

2015 Benefits Enrollment November 2014. Copyright © 2014 BorgWarner Inc. 2