Healthcare Provider Update: Healthcare Provider for Ball Corporation Ball Corporation's healthcare coverage is primarily provided through Aetna, a well-established insurer known for a range of healthcare plans tailored to meet the diverse needs of employees. Brief Overview of Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, Ball Corporation employees should prepare for significant healthcare cost increases, with many anticipating premium hikes of over 60% in some states. This alarming trend is largely attributed to rising medical expenses, the potential expiration of enhanced federal premium subsidies, and aggressive actions from major insurers. Without congressional intervention to extend these vital subsidies, more than 22 million individuals could face an average increase of 75% in out-of-pocket costs, straining budgets and limiting access to essential healthcare services. It's crucial for employees to proactively plan for these developments to mitigate financial impacts in the coming year. Click here to learn more
Preparing for retirement at Ball Corporation can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.
These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put Ball Corporation employees ahead of the curve.
- Talk about money. Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
- Be proactive about your retirement after Ball Corporation. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Ball Corporation retirement accounts stand today? Being proactive with your Ball Corporation retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.
- Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.
- Transamerica.com, 2021
- GAO.gov, 2021
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What type of retirement plan does Ball Corporation offer to its employees?
Ball Corporation offers a 401(k) Savings Plan to its employees to help them save for retirement.
How does Ball Corporation match employee contributions to the 401(k) plan?
Ball Corporation provides a matching contribution to employee 401(k) contributions, typically matching a percentage of what employees contribute up to a certain limit.
Can employees at Ball Corporation choose how their 401(k) contributions are invested?
Yes, employees at Ball Corporation can choose from a variety of investment options for their 401(k) contributions, allowing them to tailor their investment strategy.
What is the eligibility requirement for Ball Corporation employees to participate in the 401(k) plan?
Most employees at Ball Corporation are eligible to participate in the 401(k) plan after completing a specified period of service, typically within their first year of employment.
Does Ball Corporation offer any educational resources for employees to learn about the 401(k) plan?
Yes, Ball Corporation provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.
What is the maximum contribution limit for employees participating in Ball Corporation’s 401(k) plan?
The maximum contribution limit for employees in Ball Corporation’s 401(k) plan is set by the IRS and may change annually; employees should check the latest limits for the current year.
Are there any fees associated with Ball Corporation's 401(k) plan?
Yes, Ball Corporation's 401(k) plan may have certain administrative fees, which are disclosed in the plan documents provided to employees.
Can employees take loans against their 401(k) savings at Ball Corporation?
Yes, Ball Corporation allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to employees' 401(k) savings if they leave Ball Corporation?
If employees leave Ball Corporation, they can roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the Ball Corporation plan, depending on the plan’s rules.
Does Ball Corporation allow for after-tax contributions to the 401(k) plan?
Yes, Ball Corporation may allow for after-tax contributions to the 401(k) plan, enabling employees to save additional funds for retirement.