Healthcare Provider Update: Healthcare Provider for Sealed Air Sealed Air typically offers health benefits through major insurance carriers, and one of their notable healthcare providers is Aetna. Aetna provides a range of insurance products and services, including healthcare plans, which support Sealed Air's commitment to employee wellness. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs are projected to climb significantly, with some states expecting insurance premium hikes of over 60%. According to the Kaiser Family Foundation, without the extension of enhanced federal subsidies, nearly 92% of ACA marketplace enrollees could face a staggering 75% increase in out-of-pocket premiums. This surge is driven by a combination of rising medical expenses, including hospital and drug costs, and aggressive rate hikes from major insurers, posing imminent financial challenges for consumers in the healthcare market. Click here to learn more
There are just a couple of things almost all Sealed Air retirees need when they hit retirement: predictable income and protection against a cluster of risks, which include longevity risk, performance risk and sequence-of-returns risk.
In the past we have seen retiring Sealed Air employees utilize the “4% rule,” where retirees take annual withdrawals start at 4% of the entire portfolio and increase with inflation. They then keep the remainder of the portfolio with at least 50% invested in equities. Based on historical data, this would give a Sealed Air retiree about 30 years of retirement income.
As the economy constantly changes, a number of factors may force prospective Sealed Air retirees to revisit the 4% rule. It may be worth considering annuities as an alternative.
As life expectancies increase, Sealed Air retirees need to prepare for expenses over a longer time frame. In the past we would plan for a 15 to 20 year retirement, but now we need to prepare for a 30 to 35 year retirement. What is available to assist meeting the 35-year time frame?
The annuity strategy can assist with a few of the pitfalls we see in the 4% rule. For example:
If you need $50,000 per year in retirement and need that for 30 years, you may need $1.2 million in fixed income at a 3% interest rate. BUT if you look to fund $50,000 for 30 years, you can cover that expense with $800,000 by choosing the annuity option.
The other pitfall with the 4% rule is that it may not reflect a client’s risk tolerance. When you are accumulating assets, you can afford more volatility and can take on more risk than when in the retirement and withdrawal phase after leaving Sealed Air.
Also, should we see a drop in the market, you would be able to reduce your income using the 4% rule, which you cannot do if you choose an annuity option.
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What is the Sealed Air 401k/Savings Plan?
The Sealed Air 401k/Savings Plan is a retirement savings plan that allows employees to save and invest a portion of their earnings for retirement.
How does Sealed Air match contributions to the 401k/Savings Plan?
Sealed Air offers a matching contribution up to a certain percentage of employee contributions, helping to enhance retirement savings.
When can I enroll in the Sealed Air 401k/Savings Plan?
Employees can enroll in the Sealed Air 401k/Savings Plan during the initial enrollment period or during open enrollment periods specified by the company.
What types of investment options are available in the Sealed Air 401k/Savings Plan?
The Sealed Air 401k/Savings Plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.
Is there a vesting schedule for Sealed Air's 401k/Savings Plan?
Yes, Sealed Air has a vesting schedule that determines when employees fully own the company’s matching contributions based on their years of service.
Can I take a loan against my Sealed Air 401k/Savings Plan?
Yes, Sealed Air allows employees to take loans against their 401k/Savings Plan, subject to specific terms and conditions.
What happens to my Sealed Air 401k/Savings Plan if I leave the company?
If you leave Sealed Air, you have several options for your 401k/Savings Plan, including rolling it over to another retirement account or cashing it out.
How can I access my Sealed Air 401k/Savings Plan account?
Employees can access their Sealed Air 401k/Savings Plan account online through the designated plan administrator's website.
Are there any fees associated with the Sealed Air 401k/Savings Plan?
Yes, there may be administrative fees associated with the Sealed Air 401k/Savings Plan, which are disclosed in the plan documents.
Can I change my contribution rate to the Sealed Air 401k/Savings Plan?
Yes, employees can change their contribution rate to the Sealed Air 401k/Savings Plan at any time, subject to the plan's guidelines.