Enrollment

At Nidec, we offer our employees a competitive and comprehensive benefits program. This is one of many ways we recognize how important you are to the company and support you on your health and well-being journey. As a Nidec employee, three situations enable you to enroll in our benefits plan: (1) new hire enrollment, (2) Open Enrollment and (3) a Qualified Life Event (QLE).

Opportunities to Enroll

New Hire Enrollment

As a new employee, you are eligible for coverage on your first day of employment. You must enroll in benefits within 30 days of your date of hire to have coverage for you and your eligible dependents.

Open Enrollment

Open Enrollment is your once-a-year opportunity to review your current benefits and make updates for the upcoming plan year. During Open Enrollment, which usually occurs during fall each year, you can add, change or decline coverage. In addition, you can add and/or drop dependents. Any added dependents will go through a dependent audit verification process. Visit the Open Enrollment page to learn more about what to expect in 2026.

Qualified Life Event

Once you make your elections, you will not be able to make changes until the next Open Enrollment period unless you experience a qualified life event (QLE). A QLE is a change in your personal life that may impact your eligibility or a dependent’s eligibility for benefits. Examples of QLEs include:

  • Change of legal marital status (e.g., marriage, divorce, death of spouse, legal separation)
  • Change in number of dependents (e.g., birth, adoption, death of dependent, ineligibility due to age)
  • Change in employment or job status (e.g., you or your working spouse has a change in eligibility)
  • Change in coverage status (e.g., you or your dependents gain other coverage or lose access to coverage)

You must make a QLE change and enroll on Workday within 30 days of the change event effective date.

Enroll Within 30 Days

  • For new hires, you must enroll in benefits within 30 days of your date of hire to have coverage for you and your eligible dependents.
  • You must make a QLE change and enroll on Workday within 30 days of the change event.

Benefits Eligibility

Eligible Employees

You may enroll in the benefits program if you are a regular full-time employee who is actively working a minimum of 30 hours per week.

Eligible Dependents

Eligible dependents generally include your legally married spouse and children up to age 26. Children may include natural, adopted, stepchildren or children obtained through court-appointed legal guardianship.

Working Spouse Coverage

If you have a spouse who works full-time and is offered benefits through their employer, your spouse must elect coverage through that employer. If your spouse later loses eligibility under their employer’s plan, this is considered a qualified event. Your spouse would be eligible to enroll in the Nidec plan as long as an application is made within 30 days of the loss of coverage. Complete this Working Spouse Verification Form and upload to your worker documents in Workday. Then, create a case addressed to the Benefits Team in the Workday Help Center confirming you have uploaded your Working Spouse Verification Form.

For additional details relating to eligibility, including dependent verification requirements, visit the Eligibility page.

Dependent Verification

To avoid delays with coverage for dependents, you must submit required documentation to verify eligibility within 30 days of enrolling dependents.

For both types of eligibility submittals, create a case for the Benefits Team in the Workday Help Center.

2026 Benefits Highlights

2026 Flexible Spending Accounts (FSAs)

  • Health Care FSA: For the taxable years beginning in 2026, the IRS maximum amount is $3,400.
  • Dependent Care FSA: These maximums will increase to $7,500 for married filing jointly, single or head of household OR $3,750 if married and filing separately in 2026.

401(k) Contributions

  • Effective Jan. 1, 2026, the IRS maximum contribution limits to the 401(k) plan are as follows:
    • Employee contribution limit is $24,500.
    • Catch-up contribution limit for employees age 50+ is $8,000.
  • Special catch-up contribution limit for employees ages 60-63 is $11,250 under SECURE Act 2.0.
  • If you made $145,000+ in FICA wages in 2025, catch-up contributions in 2026 must be made to a Roth source.

Dental Plan

  • For 2026, we are introducing Delta Dental of Missouri.
  • Your dental plan benefits are staying the same; however, we are pleased to offer two network options to choose from. The Delta Dental PPO option will provide you with the biggest discounts. The Delta Dental Premier Network is the next best option when you can’t find a Delta Dental PPO dentist. While you can visit any licensed dentist, you’ll save money and avoid balance billing by staying in one of these two networks.
  • Website: deltadentalmo.com
  • Phone number: 800.335.8266
  • Employee contributions are listed in your 2026 At-A-Glance Brochure.
  • Dental plan ID cards will be sent to your mailing address.

Life and Disability

  • For 2026, our new carrier will be The Hartford.
  • Plan details and rates for the voluntary, employee-paid coverage options are staying the same.
  • If you need to file a Disability claim, you will work directly with The Hartford. Here’s a flyer to get you started.
  • Contact information:

Hospital Indemnity Insurance

  • For 2026, two new events will be covered under this plan:
    • Hospital Observation Stay:
      • $100 per day
      • One benefit for each 24-hour period or pro rata period of observation
      • 12-hour elimination period, limited to 72 hours
    • Newborn Nursery Care Stay:
      • $100 per day
      • One benefit per newborn child
      • This benefit is payable to the employee even if child coverage is not elected.
      • Limited to 30 days
    • This plan pays a benefit directly to you when you or your covered dependents are admitted to the hospital for a covered stay.

Resources

Benefits Questions?

Nidec Benefits Center
833.213.8135
Create a case to the Benefits Team in the Workday Help Center!