<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Essential Checklist for Electronic Arts Employees Navigating the Loss of a Loved One

image-table

Healthcare Provider Update: Healthcare Provider for Electronic Arts Electronic Arts (EA) partners with Anthem Blue Cross Blue Shield to provide healthcare benefits to its employees. This partnership enables EA to offer a range of health insurance options that cater to the diverse needs of its workforce. Potential Healthcare Cost Increases in 2026 As we approach 2026, significant increases in healthcare costs are anticipated. With reports suggesting premium hikes could exceed 60% in certain states, especially for Affordable Care Act (ACA) marketplace plans, many consumers could face out-of-pocket premium increases of over 75%. Contributing factors include the potential expiration of enhanced federal subsidies, rising medical expenses, and aggressive rate hikes by major insurers, leading to substantial financial pressures for individuals and families relying on these healthcare plans. This perfect storm of rising costs places tremendous strain on consumers, particularly for those in the middle-income bracket, forcing them to reassess their healthcare coverage options. Click here to learn more

If Your Loved One Was A Veteran, You May Be Eligible For Burial And Memorial Benefits. Call 1-800-827-1000 To Find The Nearest VA Regional Office.

Losing a loved one can be a difficult experience. Yet, during this time, you must complete a variety of tasks and make important financial decisions. You may need to make final arrangements, notify various businesses and government agencies, settle the individual's estate, and provide for your own financial security. The following checklist may help guide our Electronic Arts clients through the matters that must be attended to upon the death of a family member.

Note:  Some of the following tasks may have to be completed by the estate's executor.

Initial Tasks

  • Upon the death of your loved one, call close family members, friends, and clergy first because you'll need their emotional support.
  • Arrange the funeral, burial or cremation, and memorial service. Hopefully, your loved one will have made arrangements ahead of time. Look among his or her papers for a letter of instruction containing final wishes. Such instructions may also be stated in his or her will or other estate planning documents. Arrange any cultural rituals, and make any anatomical gifts.
  • Notify family and friends of the final arrangements.
  • Alert your loved one's place of work, union, professional organizations, and any organizations where he or she may have volunteered.
  • Contact Electronic Arts and arrange for bereavement leave.
  • Place an obituary in the local paper.
  • Obtain certified copies of the death certificate. The family doctor or medical examiner should provide you with the death certificate within 24 hours of the death. The funeral home should complete the form and file it with the state. Get several certified copies (photocopies may not be accepted); you will need them when applying for benefits and settling the estate.
  • Review your family member's financial affairs, and look for estate planning documents, such as a will and trusts, and other relevant documents, such as deeds and titles. We also suggest that these Electronic Arts clients locate any marriage certificate, birth or adoption certificates of children, and military discharge papers, which you may need to apply for benefits. These documents may be found in a safe-deposit box, or your loved one's attorney may have copies.

  • Report the death to Social Security by calling 1-800-772-1213. For our Electronic Arts clients whose loved one was receiving benefits via direct deposit, request that the bank return funds received for the month of death and thereafter to Social Security. Do not cash any Social Security checks received by mail. Return all checks to Social Security as soon as possible. Surviving spouses and other family members may be eligible for a $255 lump-sum death benefit and/or survivor benefits. We suggest that these Electronic Arts clients go to ssa.gov for more information.
    • Make a list of assets. Put safeguards in place to protect any property. Make sure mortgage and insurance payments continue to be made while the estate is being settled.
    • Arrange to retrieve your loved one's belongings from his or her workplace. Collect any salary, vacation, or sick pay owed to your loved one, and be sure to ask about continuing health insurance coverage and potential survivor's benefits for a spouse or children. Unions and professional organizations may also offer death benefits. If the death was work-related, the estate or beneficiaries may be entitled to worker's compensation benefits.
    • Contact past employers regarding pension plans, and contact any IRA custodians or trustees. Review designated beneficiaries and post-death distribution options.

    Featured Video

    Articles you may find interesting:

    Loading...

  • Locate insurance policies. The policies could include individual and group life insurance, mortgage insurance, auto credit life insurance, accidental death and dismemberment, credit card insurance, and annuities. Contact all insurance companies to file claims. • Contact all credit card companies and let them know of the death. Cancel all cards unless you're named on the account and wish to retain the card.
  • Retitle jointly held assets, such as bank accounts, automobiles, stocks and bonds, and real estate.
  • For our Electronic Arts clients whose loved one owned, controlled, or was a principal in a business, check to see if there are any buy-sell agreements under which his or her interest must be sold.
  • Within 3 to 9 Months after Death

    • File the will with the appropriate probate court. If real estate was owned out of state, file ancillary probate in that state also. If there is no will, contact the probate court for instructions, or contact a probate attorney for assistance.
    • Notify creditors by mail and by placing a notice in the newspaper. Claims must be made within the statute of limitations, which varies from state to state (30 days from the actual notice is common). Insist upon proof of all claims.
    • A federal estate tax return may need to be filed within 9 months of death. State laws vary, but state estate tax and/or inheritance tax returns may also need to be filed. Federal and state income taxes are due for the year of death on the normal filing date unless an extension is requested. If there are trusts, separate income tax returns may need to be filed. These Electronic Arts clients may want to seek the advice of a tax professional.

    Within 9 to 12 Months after Death

    • Update your own estate plan if your loved one was a beneficiary or appointed as an agent, trustee, or guardian.
    • Update beneficiary designations on your retirement plans, including IRAs, and transfer-on-death accounts on which your loved one was named beneficiary.
    • Reevaluate your budget and short-term and long-term finances.
    • Reevaluate your insurance needs, and update beneficiary designations on insurance policies on which your loved one was the named beneficiary.
    • Reevaluate investment options.

     

     

     

     

    What is the 401k plan offered by Electronic Arts?

    The 401k plan at Electronic Arts is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them build a nest egg for retirement.

    Does Electronic Arts match employee contributions to the 401k plan?

    Yes, Electronic Arts offers a matching contribution to the 401k plan, which helps enhance employees' retirement savings.

    How can employees enroll in the 401k plan at Electronic Arts?

    Employees can enroll in the Electronic Arts 401k plan by accessing the benefits portal and following the enrollment instructions provided.

    What is the vesting schedule for Electronic Arts' 401k matching contributions?

    The vesting schedule for Electronic Arts' matching contributions typically follows a graded vesting schedule, allowing employees to earn full ownership of the match over a period of time.

    Can employees change their contribution percentage to the 401k plan at Electronic Arts?

    Yes, employees at Electronic Arts can change their contribution percentage at any time through the benefits portal.

    What investment options are available in the Electronic Arts 401k plan?

    The Electronic Arts 401k plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

    Is there a loan provision in the Electronic Arts 401k plan?

    Yes, Electronic Arts allows employees to take loans against their 401k savings, subject to specific terms and conditions.

    What happens to my 401k plan if I leave Electronic Arts?

    If you leave Electronic Arts, you can choose to roll over your 401k balance to another retirement account, cash out, or leave it in the Electronic Arts plan if permitted.

    Are there any fees associated with the Electronic Arts 401k plan?

    Yes, there may be administrative fees associated with the Electronic Arts 401k plan, which are typically disclosed in the plan documents.

    How often can employees access their 401k account information at Electronic Arts?

    Employees can access their 401k account information at Electronic Arts anytime through the online benefits portal.

    With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
    Electronic Arts (EA) offers a comprehensive 401(k) plan for its employees. The plan allows employees to start contributing from their date of hire. If employees do not take action within 30 days of becoming eligible, they are automatically enrolled with a 6% pre-tax deferral rate. Contributions are invested in a Vanguard Target Date Fund based on the employee's age​ (Schwab). EA matches 50% of the first 6% of eligible pay that employees contribute each pay period, with these contributions immediately vested. EA may also contribute an additional match at the end of the year depending on the company's performance. Employees can withdraw from their account at age 59½, upon experiencing a qualified hardship, or after terminating employment
    Restructuring and Layoffs: In early 2024, Electronic Arts announced a significant restructuring plan affecting approximately 6% of its global workforce. The company cited a need to streamline operations and focus on key growth areas as reasons for these cuts. This decision comes in the context of broader industry trends where gaming companies are adjusting to fluctuating market demands and technological changes. It is crucial for employees and stakeholders to stay informed about these changes due to the current economic environment, where job security and investment stability are of heightened concern.
    Stock Options & RSUs: EA provides stock options and RSUs as part of its compensation package. Stock options allow employees to purchase EA stock at a set price, while RSUs represent a promise to issue EA stock at a future date. Availability: Offered to executives, senior management, and high-performing employees based on performance and tenure.
    Electronic Arts (EA) offers a comprehensive set of health benefits that emphasize affordability and support for chronic care management, particularly as healthcare costs have risen in recent years. In 2022, 2023, and 2024, EA’s benefits have focused on maintaining affordable premiums for employees despite rising costs due to inflation and increased utilization of expensive therapies like gene treatments and GLP-1 drugs for conditions such as diabetes and obesity​ (EA Investor Relations)​ (Healthcare Finance News). Key healthcare-related terms and acronyms frequently associated with EA's benefits include Centers of Excellence (COE) for specialized care, GLP-1 drugs for diabetes management, and behavioral health expansions via supplemental Behavioral Healthcare Provider Networks to enhance mental health access​ (Healthcare Finance News)​ (MedCity News). EA has also focused on chronic condition management through navigation services, which help employees manage complex health conditions more efficiently
    New call-to-action

    Additional Articles

    Check Out Articles for Electronic Arts employees

    Loading...

    For more information you can reach the plan administrator for Electronic Arts at 209 Redwood Shores Pkwy Redwood City, CA 94065; or by calling them at (650) 628-1500.

    https://www.thelayoff.com/#google_vignette https://www.indeed.com/ https://www.forbes.com/ https://www.ea.com/ https://www.pbgc.gov/ https://www.businessinsider.com/ https://www.healthcaredive.com/ https://www.modernhealthcare.com/ https://www.ea.com/

    *Please see disclaimer for more information

    Relevant Articles

    Check Out Articles for Electronic Arts employees