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UFP Industries Professionals: Do Not Let Job Loss Ruin Your Livelihood

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Healthcare Provider Update: UFP Industries partners with UnitedHealthcare as its healthcare provider for employee health insurance plans. As the landscape of healthcare costs shifts, upcoming changes in 2026 are raising concerns for employees and employers alike. Factors such as the impending expiration of enhanced subsidies from the Affordable Care Act (ACA), rising medical costs, and premium hikes from major insurers are expected to significantly inflate healthcare expenses. Preliminary estimates indicate many UFP Industries employees might face premium increases of around 20%, with some states reporting hikes over 60%. This combination is projected to thrust out-of-pocket expenses for enrollees upward, often by more than 75%, compelling both individuals and families to reassess their healthcare budgeting for the upcoming year. Click here to learn more

In the ever-evolving corporate landscape, experiencing a job displacement is not uncommon. The ramifications of such an event are manifold, impacting not only one's financial position but also their emotional and physical well-being. For high-achieving UFP Industries professionals, this experience can be particularly jarring. While some may view it as an opportunity for a new beginning, others may find the experience deeply unsettling.

Emotional and Physical Manifestations

One cannot underestimate the myriad of emotional responses that accompany job displacement:

Emotional Responses  : These might range from initial shock and disbelief to more profound feelings like anxiety, irritability, anger, and frustration. As the reality sinks in, emotions like sadness, fear, feelings of worthlessness, and a loss of self-esteem might also emerge. Shame is another by-product, especially for those who equate their professional standing with personal worth.

Physical Responses  : The emotional turmoil often manifests physically. Common symptoms include fatigue, frequent headaches, significant weight fluctuations, disturbances in sleep patterns, gastrointestinal distress, muscle pain, and even nausea.

These responses, although distressing, are quite normal given the circumstances. However, understanding how to navigate them can pave the way for a more resilient comeback.

Strategies for Navigating Job Displacement

1.   Foster Strong Bonds  : Maintain open channels of communication with friends and family. Sharing one's feelings and concerns not only alleviates stress but also provides a platform for understanding and empathy.

2.   Prioritize Physical Well-being  : As the adage goes, a healthy body houses a healthy mind. Regular exercise serves as a powerful counter to stress. Moreover, mindful eating and adequate sleep are paramount in maintaining one's overall health.

3.   Self-compassion  : Engage in activities that foster relaxation and well-being. Whether it's a leisurely stroll, a comforting bath, meditation, prayer, or enjoying music, these actions can serve as a balm for the stressed mind.

4.   The Power of Writing  : Documenting one's journey, thoughts, and emotions can be therapeutic. It can be through journaling, letter-writing, or even simple list-making. This process can offer clarity and a sense of direction.

5.   Maintain an Optimistic Mindset  : Being mindful of one's inner dialogue is crucial. Counter negative self-talk with positive affirmations. Remember, the course of life is replete with ups and downs. Holding onto hope and envisioning a brighter future can propel one forward. It's vital to internalize that adversities are transient – 'this too shall pass'.

Consulting Professional Aid

Job displacement can trigger prolonged feelings of anxiety and depression, leading to disruptions in daily life, including sleep and leisure activities. Recognizing and addressing these emotions is vital.

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Should these feelings intensify or linger, consulting a medical or mental health professional might be prudent. Given the strain job displacement can exert on personal relationships, seeking counseling might offer beneficial perspectives and coping strategies.

In conclusion, while job displacement can be a challenging episode in one's life, it is essential to remember that it's a phase, not a permanence. With the right tools and mindset, one can not only navigate this period but also emerge stronger, more resilient, and prepared for the next chapter of their professional journey.

An additional consideration for those nearing or in UFP Industries retirement is the potential impact of layoffs on one's financial security. According to a study by the Urban Institute in 2020, older workers, specifically those aged 50 and above, are less likely to regain employment after a job loss compared to their younger counterparts, which can have significant implications for retirement planning. The emotional toll of this realization is profound, as concerns about financial stability in the golden years come to the fore. To mitigate these feelings, it's imperative to reassess and possibly recalibrate retirement plans, ensuring that emotional well-being is aligned with financial preparedness.

Navigating the emotional aftermath of a layoff is akin to steering a ship through turbulent waters after decades of smooth sailing. Just as an experienced captain leans on his knowledge, instruments, and crew to weather the storm and find calm seas again, a seasoned UFP Industries professional can rely on emotional coping strategies, financial recalibrations, and supportive networks to traverse the challenges of job displacement, ensuring a safe and fulfilling journey into the horizon of UFP Industries retirement.

What type of retirement savings plan does UFP Industries offer to its employees?

UFP Industries offers a 401(k) retirement savings plan to help employees save for their future.

How does UFP Industries match employee contributions to the 401(k) plan?

UFP Industries provides a matching contribution to the 401(k) plan, which typically includes a percentage of the employee's contributions, subject to certain limits.

What is the eligibility criteria for employees to participate in UFP Industries' 401(k) plan?

Employees at UFP Industries are generally eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first few months of employment.

Can employees of UFP Industries make pre-tax contributions to their 401(k) accounts?

Yes, UFP Industries allows employees to make pre-tax contributions to their 401(k) accounts, reducing their taxable income for the year.

Does UFP Industries offer a Roth 401(k) option for employees?

Yes, UFP Industries provides a Roth 401(k) option, allowing employees to make after-tax contributions that can grow tax-free.

What investment options are available in the UFP Industries 401(k) plan?

The 401(k) plan at UFP Industries includes a variety of investment options, such as mutual funds, target-date funds, and other investment vehicles.

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

Employees can typically change their contribution amounts to the UFP Industries 401(k) plan on a quarterly basis or as specified in the plan documents.

What happens to an employee's 401(k) balance if they leave UFP Industries?

If an employee leaves UFP Industries, they have several options for their 401(k) balance, including rolling it over to another retirement account, leaving it in the UFP Industries plan, or cashing it out.

Does UFP Industries charge fees for managing the 401(k) plan?

Yes, UFP Industries may charge administrative fees and investment-related fees for managing the 401(k) plan, which are disclosed in the plan documents.

How can employees access their 401(k) account information at UFP Industries?

Employees can access their 401(k) account information through the online portal provided by UFP Industries' plan administrator.

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For more information you can reach the plan administrator for UFP Industries at , ; or by calling them at .

*Please see disclaimer for more information

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