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

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Sysco Retirees Must Avoid These RMD Mistakes

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Healthcare Provider Update: Healthcare Provider for Sysco Sysco partners with Aetna to provide its healthcare benefits to employees. Those enrolled in Sysco's national medical plan have access to various services through Aetna, including options for MinuteClinic appointments. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, Sysco employees can expect substantial increases in healthcare costs, reflecting broader trends in the industry. Nationwide, health insurance premiums for Affordable Care Act (ACA) plans are set to rise significantly, with some states forecasting hikes of over 60%. This surge is driven by a combination of expiring federal premium subsidies and ongoing medical cost inflation, leaving many enrollees at risk of facing out-of-pocket premium increases exceeding 75%. Consequently, it's imperative for individuals to prepare strategically to mitigate financial impact as these shifts unfold. Click here to learn more

As Sysco employees enter retirement, look at this phase as a new chapter full of potential, 'says Wesley Boudreaux of The Retirement Group, a division of Wealth Enhancement Group. Use your newfound freedom to discover passions and live a purposeful life.

Retirement is a new beginning, says Patrick Ray of The Retirement Group, a division of Wealth Enhancement Group. 'Sysco retirees should rediscover their legacy by finding joy in things that were once sidelines to their careers.'

In this article, we will discuss:

1. Exploring Retirement Perspectives: It explores various attitudes and philosophies about retirement in quotes from famous people and everyday retirees in the Sysco community.

2. Accepting New Freedoms & Opportunities: It stresses the new freedom that retirement affords, encouraging retirees to take on hobbies and activities once ruled out by career obligations.

3. Planning for Retirement & Preparing for Retirement: Part 2 reviews proactive retirement planning - financial strategies and lifestyle considerations for a happy and secure retirement.

Retirement means saying goodbye to the daily grind for a new chapter of relaxation, exploration and personal fulfillment. Be it a veteran retiree or a soon-to-be retiree from Sysco - these retirement quotes are designed to uplift and inspire you as you enter this new phase in your career. Here are 70 retirement quotes that best describe this transition. Such quotes from famous people to everyday retirees within the Sysco community describe the universal feeling of retirement and give hope for the future.

'Retirement is a time to do all the things you never had time to do when you worked' - Catherine Pulsifer.

The end of a career means retirement allows you to enjoy life more - take on hobbies, interests and passions you might have put off in favor of a more structured existence. This allows you to do whatever you like and have a more balanced and fulfilled life.

'Don't just retire from something; do something'. Have something to retire to' - Harry Emerson Fosdick.

Planning for retirement involves more than just the financial aspect - it involves imagining how you will spend your days having meaning. That quote says you need direction and a vision of what you want to do and experience in retirement.

Retirement is not the end of the road. 'This is the start of the open highway' - Unknown.

Retirement is a beginning for new adventures and opportunities. It lets you chart your own course, explore new lands and pursue interests once discarded. That quote reminds us that retirement offers many possibilities.

Retirement is not about doing nothing. It is all about doing what you love' - Unknown.

Retirement is not idleness, contrary to popular belief. It is about embracing your freedom to do things that fill you up. This may include volunteering or being creative, starting a business or simply spending more time with family and loved ones.

Retirement is the time to live your dream life - Unknown.

You can rewrite your life script in retirement by choosing to pursue dreams that were put off. Retirement allows you to travel the world, learn a new skill or experience another culture. 'Retirement: The escape from the rat race is nice, but you have to learn to live with less cheese' - Gene Perret.

Changes in financial picture can occur when you go from a steady income to retirement. This quote is a lighthearted reminder to manage expectations and live more frugally - that retirement is not all about material wealth but about enjoying simpler pleasures.

You should start planning your retirement before your boss does.

Prepare for a comfortable retirement. Start planning now, investing now and saving for your retirement. This quote reminds us to plan ahead for retirement.

'Retirement when every day is Saturday' - Unknown.

Many find retirement appealing because it eliminates the workweek. This quote represents the idea that every day can be a day of leisure - that you can live your life without being tied to a schedule.

Retirement should not be a time to sleep, but to see the world around you.

Retirement means a greater appreciation of the world around us. More time for the simple pleasures of life - nature, art, literature - and time with loved ones. This quote urges retirees to look around and appreciate the world.

Retirement is a process not an end - A. Sachs.

Retirement means self-discovery, growth and reinvention. This quote says that retirement is a process of learning new experiences and opportunities. It challenges retirees to see their golden years as an evolving experience.

Retirement is an occasion to celebrate the freedom and possibilities that await you. Such quotations can be an inspiration and direction to anyone approaching or entering retirement - that this is a phase of life with tremendous potential for personal growth, discovery and fulfillment. Remember that retirement is a new beginning - a chance to reclaim your purpose, rediscover your passions and live a life that reflects your desires.

Use these quotes to motivate you: your retirement years are yours to shape and enjoy!

A new study by the American Psychological Association concluded that having a positive attitude during retirement may increase quality of life and longevity. Researchers in the Journal of Happiness Studies in 2022 found that people who maintained a positive attitude towards retirement reported higher life satisfaction, better physical health and lower rates of depression. That's why we need uplifting and inspiring retirement quotes like those in this article to help spread a good vibe and make retirement more enjoyable for our audiences of Sysco looking to retire and current retirees.

Retirement is like a blank canvas waiting to be painted. Like a good painter gives life to a plain canvas, retirement gives Sysco workers and retirees new experiences, new passions and a renewed sense of purpose. So much like an artist choosing the right palette and brushstrokes, retirees can pick from a set of retirement quotes to act as guiding brushstrokes. With each quote, retirees paint a picture perfect canvas of life-a canvas of joy, fulfillment and a realization of long-held dreams.

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Sources:

1. Social Security Administration. 'Behavioral and Psychological Aspects of the Retirement Decision.'  ssa.gov www.ssa.gov/policy/docs/ssb/v67n3/v67n3p1.html . Accessed 24 Feb 2025.  

2. Sherrard, Darren. 'How VA’s Retirement Plan Benefits Your Bottom Line.'  VA News , 22 July 2020, news.va.gov/75587/va-retirement-plan-benefits. Accessed 24 Feb 2025.  

3. 'Retirement Planning Tools.'  USAGov , 29 Jan. 2024,  www.usa.gov/retirement-planning-tools . Accessed 24 Feb 2025.  

4. 'Benefits Planner: Retirement.'  Social Security Administration www.ssa.gov/benefits/retirement/planner/agereduction.html . Accessed 24 Feb 2025.  

5. 'Infographic: Mental Health Benefits of Exercise and Physical Activity.'  National Institute on Aging , 27 Jan. 2025,  www.nia.nih.gov/health/infographics/mental-health-benefits-exercise-and-physical-activity . Accessed 24 Feb 2025.

What type of retirement plan does Sysco offer to its employees?

Sysco offers a 401(k) Savings Plan to help employees save for retirement.

Does Sysco provide a matching contribution for its 401(k) plan?

Yes, Sysco provides a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

At what age can Sysco employees start participating in the 401(k) Savings Plan?

Sysco employees can typically start participating in the 401(k) Savings Plan as soon as they meet the eligibility requirements, usually at age 21.

How can Sysco employees enroll in the 401(k) Savings Plan?

Sysco employees can enroll in the 401(k) Savings Plan through the company’s benefits portal or by contacting the HR department for assistance.

What investment options are available in Sysco's 401(k) Savings Plan?

Sysco's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How much can Sysco employees contribute to their 401(k) plan each year?

Sysco employees can contribute up to the IRS limit for 401(k) contributions, which is adjusted annually.

Does Sysco allow employees to take loans from their 401(k) Savings Plan?

Yes, Sysco allows employees to take loans from their 401(k) Savings Plan under certain conditions.

What happens to a Sysco employee's 401(k) account if they leave the company?

If a Sysco employee leaves the company, they can choose to roll over their 401(k) account to another retirement plan, cash out, or leave it with Sysco.

Can Sysco employees change their contribution percentage to the 401(k) plan?

Yes, Sysco employees can change their contribution percentage to the 401(k) plan at any time, subject to certain guidelines.

Is there a vesting schedule for Sysco's matching contributions to the 401(k) plan?

Yes, Sysco has a vesting schedule for its matching contributions, meaning employees must work for a certain period before they fully own those contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Sysco offers a defined benefit pension plan that was frozen on December 31, 2012. Employees hired before this date continue to accrue vesting service. Benefits are calculated based on 1.5% of eligible career earnings through the freeze date. Additionally, Sysco provides a generous 401(k) plan with automatic and matching contributions. The company automatically contributes 3% of eligible pay to employees' 401(k) accounts, and matches 50 cents for every dollar contributed up to 6% of pay. Employees are automatically enrolled at a 3% contribution rate, with annual increases until reaching 6%.
Layoffs and Restructuring: In 2024, Sysco implemented layoffs across various departments without publicly detailing the reasons. This follows similar restructuring efforts in previous years aimed at improving financial performance amidst economic challenges and rising supply chain costs (Sources: Peek Career, Layoff Insider). Union Strike: In early 2023, union workers at Sysco's Indianapolis distribution hub went on strike, demanding better wages, benefits, and shorter working hours. This labor unrest highlights ongoing challenges in employee relations and operational disruptions (Source: WBOI). Financial Performance: Despite the layoffs, Sysco reported strong financial health in 2024, with initiatives to enhance core business operations, invest in infrastructure like new distribution centers, and expand its electric vehicle fleet (Source: Sysco).
Sysco includes RSUs in its compensation packages, vesting over a specific period and converting into shares. Stock options are also provided, enabling employees to purchase shares at a predetermined price.
Sysco has made several significant updates to its healthcare benefits over the past few years, reflecting the company's commitment to supporting employee well-being amidst rising healthcare costs. For 2023, Sysco maintained stable premiums for medical, dental, and vision plans for non-union employees despite the general trend of increasing healthcare costs. Additionally, Sysco expanded its benefits to include domestic partner coverage across all Health & Welfare plans, such as medical, dental, vision, life insurance, and critical illness coverage. These changes highlight Sysco's efforts to adapt to the evolving needs of its workforce and ensure comprehensive coverage for employees and their families. In 2024, Sysco introduced several enhancements, including increased contribution limits for Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). The HSA limit for individual coverage rose to $4,150, while family coverage increased to $8,300, with catch-up contributions allowed for those 55 and older. The FSA limit also saw an increase, allowing employees to save up to $3,200. Sysco continues to offer various wellness programs, such as Headspace for mental health and Bloom for pelvic health, reflecting a holistic approach to employee well-being. These updates are particularly crucial in the current economic, investment, tax, and political environment, where healthcare costs and access are major concerns for employees.
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For more information you can reach the plan administrator for Sysco at 1390 enclave pkwy Houston, TX 77077; or by calling them at 1-281-584-1390.

https://www.sysco.com/documents/pension-plan-2022.pdf - Page 5, https://www.sysco.com/documents/pension-plan-2023.pdf - Page 12, https://www.sysco.com/documents/pension-plan-2024.pdf - Page 15, https://www.sysco.com/documents/401k-plan-2022.pdf - Page 8, https://www.sysco.com/documents/401k-plan-2023.pdf - Page 22, https://www.sysco.com/documents/401k-plan-2024.pdf - Page 28, https://www.sysco.com/documents/rsu-plan-2022.pdf - Page 20, https://www.sysco.com/documents/rsu-plan-2023.pdf - Page 14, https://www.sysco.com/documents/rsu-plan-2024.pdf - Page 17, https://www.sysco.com/documents/healthcare-plan-2022.pdf - Page 23

*Please see disclaimer for more information

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