How Your BEE Is Calculated

Benefits Eligible Earnings consider different measures of your compensation to determine how much you pay each paycheck for medical coverage, as well as the maximum amounts of insurance coverage (Supplemental Life, Long-Term Disability, etc.) you may elect. For instance, the maximum amount of Supplemental Life Insurance you may elect is 10 times your BEE, up to a maximum of $5 million.

Typically, your BEE is the greater of your current base pay or your prior year’s W-2 earnings (base pay, commissions, overtime and bonus).

  • If you are a legacy E*TRADE employee, your 2022 BEE will be calculated as the greater of your 2021 base pay or your 2020 W-2 earnings.
  • If you are a legacy Eaton Vance or Hyas employee, your 2022 BEE will be calculated as the higher of your 2022 base pay or your 2020 W-2 earnings.

Note: If you are a legacy E*TRADE, Eaton Vance or Hyas employee, acquisition-specific compensation and payments accelerated as a result of the acquisition will be excluded from your 2020 W-2 earnings for the purpose of calculating BEE.

Additionally, your BEE calculation depends on your hire date, whether you are a Financial Advisor (FA), or whether you transferred to the United States from an international location:

You are:Your BEE is the:
Not a recent/new hire* and not an FA
*Hired more than two years ago
Greater of US Eligible Pay* or Base Pay
A recent/new hire* and not an FA
*Hired less than two years ago
Greater of W-2 from your prior employer (if submitted), US Eligible Pay or Base Pay
Not a recent/new hire* and an FA
*Hired more than two years ago
Greater of US Eligible Pay or Base Pay
A recent/new hire* and an FA
*Hired less than two years ago
Greater of US Eligible Pay, Base Pay, W-2* or Trailing 12-Month Earnings* (T12)
*W-2 or T12 will be used to determine your BEE if either are greater than your Base Pay or US Eligible Pay
International transfer*
*Transferred within the two most recent calendar years
Greater of Total Rewards, US Eligible Pay or Base Pay
You've been rehired:Your BEE is the:
Rehired within 31 days of leaving the FirmSame BEE as before you terminated employment; BEE is determined as if you never left the Firm
Rehired more than 31 days but less than 12 months since leaving the FirmGreater of prior year’s US Eligible Pay, current Base Pay or same BEE before you terminated employment
Rehired more than 12 months since leaving the FirmSame as a new hire’s; BEE will be recalculated
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