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8 smart habits Plexus employees can adopt to help boost credit scores

Healthcare Provider Update: Healthcare Provider for Plexus: Plexus, a notable player in its industry, contracts primarily with UnitedHealthcare for its employee health insurance plans. This partnership offers employees access to a range of healthcare services through a established network, ensuring both comprehensive coverage and support for their medical needs. Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to rise significantly due to a combination of factors, with some states anticipating record premium increases that could exceed 60%. Key contributors to this surge include escalating medical inflation, the potential expiration of enhanced federal premium subsidies, and aggressive rate hikes from major insurers. As a consequence, employees and retirees of Plexus who utilize Affordable Care Act (ACA) marketplace plans may experience a staggering increase in out-of-pocket premium costs, with reports indicating that over 22 million policyholders could see their premiums jump by more than 75%. Individuals are advised to prepare early for these changes to mitigate the financial impact. Click here to learn more

'Strong credit habits can give Plexus employees greater flexibility when preparing for major financial decisions, especially as they transition toward retirement,' says Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Plexus employees who build and maintain strong credit habits may position themselves for smoother financial decisions in the years leading up to retirement,' says Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

How strong credit can support borrowing for major purchases.
Eight habits that may positively influence your credit score.
Ways to monitor and maintain the accuracy of your credit report.

When borrowing for a major purchase, strong credit can make the process smoother and possibly less expensive. Like preparing for a long-term project at Plexus, progress comes from consistent effort over time—not rushing right before the deadline.

Here are eight habits that can support your credit score.

1. Make timely bill payments

Payment history is a major factor in credit scoring. Staying on top of due dates for loans and credit cards demonstrates reliability. Options like scheduled reminders or autopay can help keep everything flowing.

2. Maintain minimal credit balances

Using only a portion of your available credit—especially on revolving accounts like credit cards—can contribute to a stronger score. Credit utilization (how much of your borrowing limit you’re using) is a key consideration for lenders.

3. Keep older accounts open when it makes sense

The length of your credit history influences how strong your borrowing profile appears. Older accounts highlight more long-term behavior. However, if an account has high fees or encourages overspending, closing it may still be practical for some Plexus households.

4. Limit unnecessary new credit applications

Applying for credit can trigger hard inquiries that temporarily place slight downward pressure on your credit score. Multiple inquiries for the same type of loan—like mortgage rate shopping—typically count as one within a defined window. Checking your own credit does not affect your score.

5. Maintain a healthy mix of credit types

Responsibly managing a blend of installment loans and revolving accounts can demonstrate financial flexibility. This doesn’t mean taking on debt that isn’t needed. However, thoughtfully managing different forms of credit over time may help strengthen your profile as life evolves during and after a Plexus career.

6. Monitor your credit report regularly

You are entitled to free credit reports from the major bureaus—Equifax®, Experian®, and TransUnion®. Reviewing them can help identify errors, lingering balances, or signs of fraud. Staying proactive keeps your credit information accurate and up-to-date.

7. Dispute any reporting mistakes

If you find incorrect data on your report, you can file a dispute with the reporting bureau and contact the creditor at issue. Fixing errors can help make sure your score reflects your actual history.

8. Strengthen your overall financial picture

Budgeting, keeping debt manageable, and maintaining an emergency fund may make it easier to keep up with credit-related commitments. When finances stay organized, positive credit habits typically follow.

Need help planning for retirement?

A well-managed credit profile can be an important part of your overall financial life, including the transition into retirement. The Retirement Group can assist you as you prepare for your future. If you would like guidance, call (800) 900-5867 to speak with our team.

Need help planning for retirement?

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Sources:

1. Consumer Financial Protection Bureau. “How Do I Dispute an Error on My Credit Report?” CFPB , 18 Dec. 2024, www.consumerfinance.gov/ask-cfpb/how-do-i-dispute-an-error-on-my-credit-report-en-314/ . Accessed 27 Oct. 2025.

2. Experian Editorial Team. “Do Multiple Loan Inquiries Affect Your Credit Score?” Experian , 30 Aug. 2024, www.experian.com/blogs/ask-experian/do-multiple-loan-inquiries-affect-your-credit-score/ . Accessed 27 Oct. 2025.

3. FICO. “What’s in My FICO® Scores?” myFICO , n.d., www.myfico.com/credit-education/whats-in-your-credit-score . Accessed 27 Oct. 2025.

4. Federal Deposit Insurance Corporation. “Credit Reports.” FDIC , 1 Aug. 2023, www.fdic.gov/consumer-resource-center/credit-reports . Accessed 27 Oct. 2025.

5. Federal Trade Commission. “Free Credit Reports.” FTC Consumer Advice , 2023–2024, consumer.ftc.gov/free-credit-reports. Accessed 27 Oct. 2025.

What is the 401(k) plan offered by Plexus?

The 401(k) plan at Plexus is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

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

Plexus offers a matching contribution to the 401(k) plan, matching 50% of employee contributions up to a certain percentage of their salary.

When can employees at Plexus enroll in the 401(k) plan?

Employees at Plexus can enroll in the 401(k) plan during their initial onboarding or during the annual open enrollment period.

What are the eligibility requirements for Plexus's 401(k) plan?

To be eligible for Plexus's 401(k) plan, employees must be at least 21 years old and have completed one year of service with the company.

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

Yes, Plexus allows employees to take loans against their 401(k) savings, subject to certain limits and repayment terms.

What investment options are available in Plexus's 401(k) plan?

Plexus offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and company stock.

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

Employees at Plexus can change their contribution amounts to the 401(k) plan at any time, subject to payroll processing deadlines.

Is there a vesting schedule for Plexus's 401(k) matching contributions?

Yes, Plexus has a vesting schedule for matching contributions, which typically requires employees to work for the company for a certain number of years before they fully own the matched funds.

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

If you leave Plexus, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in the Plexus plan if you have a sufficient balance.

Are there any fees associated with Plexus's 401(k) plan?

Yes, Plexus's 401(k) plan may have administrative fees and fund management fees, which are disclosed in the plan documents.