<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

Women of Rogers Corporation: 4 Helpful Retirement Strategies

image-table

Healthcare Provider Update: Healthcare Provider for Rogers Corporation Rogers Corporation typically provides health insurance coverage through its partnership with major insurers such as UnitedHealthcare and other leading healthcare providers. These collaborations allow the company to offer comprehensive health benefits to its employees, ensuring access to necessary medical services. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs are anticipated to rise significantly, driven by a combination of factors including expiring federal subsidies and soaring medical expenses. Some states could see ACA marketplace premiums increase by over 60%, resulting in potential out-of-pocket costs for consumers soaring by as much as 75%. With top insurers reporting record revenues and the loss of enhanced premium tax credits, many employees, including those at Rogers Corporation, may face challenging financial implications unless proactive strategies are implemented to mitigate these rising costs. Click here to learn more

Preparing for retirement at Rogers 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 Rogers 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 Rogers Corporation.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Rogers Corporation retirement accounts stand today? Being proactive with your Rogers 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.

  •  Make room for your future in your budget.  Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.
    • 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

    Featured Video

    Articles you may find interesting:

    Loading...

    What type of retirement plan does Rogers Corporation offer to its employees?

    Rogers Corporation offers a 401(k) retirement savings plan to its employees.

    How can employees of Rogers Corporation enroll in the 401(k) plan?

    Employees of Rogers Corporation can enroll in the 401(k) plan by completing the enrollment form available through the HR department or the company's benefits portal.

    Does Rogers Corporation match employee contributions to the 401(k) plan?

    Yes, Rogers Corporation offers a matching contribution to employee 401(k) contributions, subject to certain limits.

    What is the maximum contribution limit for the Rogers Corporation 401(k) plan?

    The maximum contribution limit for the Rogers Corporation 401(k) plan is in accordance with IRS guidelines, which may change annually.

    When can employees of Rogers Corporation start contributing to their 401(k) plan?

    Employees of Rogers Corporation can start contributing to their 401(k) plan after completing their eligibility period, which is typically outlined in the employee handbook.

    Are there any fees associated with the Rogers Corporation 401(k) plan?

    Yes, there may be administrative fees associated with the Rogers Corporation 401(k) plan, which are disclosed in the plan documents.

    What investment options are available in the Rogers Corporation 401(k) plan?

    The Rogers Corporation 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

    Can employees take loans against their 401(k) savings at Rogers Corporation?

    Yes, employees of Rogers Corporation may be eligible to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

    What happens to my Rogers Corporation 401(k) if I leave the company?

    If you leave Rogers Corporation, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Rogers Corporation plan if allowed.

    How often can employees change their contribution amounts to the Rogers Corporation 401(k) plan?

    Employees of Rogers Corporation can change their contribution amounts during designated enrollment periods or as specified in the plan guidelines.

    With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
    Rogers Corporation offers a traditional defined benefit pension plan, providing retirement income based on years of service and final average pay. This plan has been frozen, meaning that no new benefit accruals are added based on service or compensation beyond a certain date. Benefits accumulated under the plan are primarily based on a "flat dollar" amount per year of service. Additionally, the company provides a 401(k) plan with company matching contributions to support employees' retirement savings. Employees can access tools and resources online to manage their pension benefits.
    Layoffs and Restructuring: Rogers Corporation announced it will lay off approximately 700 employees as part of a restructuring plan to improve operational efficiency. Strategic Focus: The companyHere is a master table summarizing recent news about restructuring, layoffs, company benefit changes, company pension, and 401k changes for the specified companies. This information is crucial due to the current economic, investment, tax, and political environment.
    Rogers Corporation offers RSUs that vest over time, providing shares to employees upon vesting. Stock options are also part of their compensation, allowing employees to purchase shares at a fixed price.
    Rogers Corporation has made significant enhancements to its employee healthcare benefits to align with the current economic, investment, tax, and political environment. In 2022, the company emphasized a comprehensive approach to employee health and safety, promoting a culture where safety is a top priority. This initiative includes structured environmental, health, and safety (EHS) risk management for new installations and processes, ensuring all equipment and procedures undergo thorough EHS reviews before implementation. These measures are part of Rogers' broader strategy to reduce injury rates and foster a safer workplace environment. In 2023, Rogers continued to build on these efforts by introducing additional health and wellness programs. The company expanded access to preventive healthcare services and mental health support, aiming to provide comprehensive support for employees' physical and emotional well-being. These programs include stress management resources, Employee Assistance Programs (EAP), and various wellness initiatives. By investing in these robust healthcare benefits, Rogers aims to attract and retain top talent, ensuring long-term sustainability and growth amid economic uncertainties. These initiatives reflect Rogers' dedication to creating a supportive and healthy work environment, which is crucial for maintaining productivity and morale in a competitive market.
    New call-to-action

    Additional Articles

    Check Out Articles for Rogers Corporation employees

    Loading...

    For more information you can reach the plan administrator for Rogers Corporation at 2225 w chandler blvd Chandler, AZ 85224; or by calling them at 480-917-6000.

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

    *Please see disclaimer for more information

    Relevant Articles

    Check Out Articles for Rogers Corporation employees