Leaving the Company

• Coverage terminates at midnight on your last day of employment.

• Continuation of coverage in the Health, Dental, Vision and EAP plans will be offered to you and your eligible dependents provided you were covered by the plans on your last day of employment.
• Additional COBRA information can be found here.
• COBRA rates are on the last page of the document found here.

• You can continue to submit claims incurred (with a date of service) prior to your termination date, as long as submitted to ADP by next May 31.
• If you participate in the Health Care Spending Account, you may want to call ADP at 1-800-778-4715 for continuation information or if you have any questions.

• Coverage ends at midnight on your last day of employment.
• You* have the right to port coverage to an individual policy with Minnesota Life within 31 days of last day. For more information, click here. Call Minnesota Life at 1-866-293-6047 for rates if you are interested.

* Except for Minnesota residents.

• Coverage ends at midnight on your last day of employment; however, if you die within 31 days following termination, the coverage in force at the time of your termination will be paid to your beneficiary.
• You have the right to convert or port coverage to an individual policy with Minnesota Life within 31 days of your last day of employment. Minnesota residents can apply for continuation of coverage, but cannot port coverage. For more information, click here. Call Minnesota Life for rates at 1-866-293-6047 if you are interested.
• This information also applies to Dependent Life Insurance.

• The Plan requires three years of vesting service in order to be vested.
• It takes approximately three to four weeks to invest your final Thrift contribution and change your employment status with Fidelity.
• Whether you can maintain your account depends on its vested value:
  • If your vested account value is greater than $5,000, you can leave your money in the Thrift Plan or take your distribution at any time by calling Fidelity at 1-866-602-0595.
    • You can leave your account at Fidelity until no later than April 1 following the year you turn 70½.
    • All outstanding loans must be repaid within 60 days of your termination date.
      • You can either pay your loan with a check or,
      • You can take a one-time partial withdrawal within 60 days of termination.
      • If you don’t repay your loan, you will be contacted by Fidelity regarding their procedure to report the outstanding amount as a distribution to the IRS.
    • You can still make transfers between investment options.
    • You can change your beneficiaries (with spousal consent).
    • You cannot take additional loans.
    • You cannot take partial withdrawals.
    • You continue to receive statements from Fidelity.
  • If your vested account value is less than $5,000, you will be notified within three months that you must take your distribution.
    • The withdrawal can be paid to you or you can choose to do a direct rollover.
    • If you don’t respond, the monies will be rolled into a Fidelity IRA account (this is an outside account — not within the Thrift Plan).
• Review the Special Tax Notice Regarding Plan Payments and the General Description of Forms of Payment Available Under Marathon Petroleum Company Thrift Plan click here.

• The Plan requires three years of vesting service in order to be vested.
• If you are vested, prior to your last day of employment you may want an estimate of your Retirement benefit. Estimates are available through Fidelity at www.netbenefits.com/marathonpetroleum or 1-866-602-0595.
• If you are vested, you will need to call Fidelity to elect to take your retirement benefits.
• If you have not elected to take your vested retirement benefit and you die and:
  • You are married:
    • Legacy Formula – your surviving spouse is eligible to received ½ of the monthly benefit amount beginning when you would have turned age 50.
    • Cash Balance Formula – a lump sum will be payable to your spouse.
  • You are single:
    • Legacy Formula - no benefit is payable.
    • Cash Balance Formula – a lump sum will be payable to your Estate.

• Unused vacation will be paid in your final paycheck (direct deposited or mailed as usual), on the next scheduled payday.
• Your separation date cannot be moved forward to include your unused vacation days or holidays.
• If don’t take your floating holiday before you terminate, you won’t be paid for it.

• If you are currently enrolled, coverage remains unchanged and intact as long as premiums are paid. (New enrollment is no longer permitted.)
• Call MetLife at 1-800-438-6388 with questions and to set up direct billing.

• If you are currently enrolled, coverage can continue as long as premiums are paid; however you will be converted from payroll deduction to direct billing, and you may not be eligible for special group rates and discounts.
• If you move to another state, availability of policies and coverage may vary.
• Call MetPay at 1-800-GET-MET1 (1-800-438-6381) as soon as possible.