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Ametek Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: Ametek's Healthcare Provider and Insights on 2026 Cost Increases Ametek utilizes various healthcare providers for its employee benefits, with notable participation in the Affordable Care Act (ACA) marketplace for health insurance. In 2026, Ametek employees may experience significant increases in healthcare costs due to a projected sharp rise in ACA premiums, with average rate hikes forecasted to hover around 20%. The combination of expiring federal premium subsidies and soaring medical expenses-partly driven by inflationary pressures on healthcare services-could lead to shocking out-of-pocket costs, with some policyholders facing premium increases of over 75%. As employees weigh their options, it is crucial to assess both employer-sponsored plans and ACA alternatives early to mitigate financial impacts. Click here to learn more

'To allay long-term financial concerns, Ametek employees may benefit from a comprehensive retirement strategy that addresses inflation, health care costs, and tax planning.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Proactive retirement planning—especially around inflation, health care, and shifting tax policies—can help Ametek employees gain clarity and reduce uncertainty in the years leading up to retirement.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article we will discuss:

Key causes of retirement anxiety, including inflation, health care, and taxes.
Generational differences in money concerns and readiness.
The value of broad retirement planning approaches.

Retirement Anxiety is On The Rise

Employees across industries, including those at Ametek, have long worried about how they will fund retirement. These concerns have grown considerably in today’s economy. Nearly two out of three Americans (64%) said they worry more about outliving their resources than they do about dying, according to the Allianz Center for the Future of Retirement’s 2025 Annual Retirement Study. ¹

Main Causes of Retirement-Related Worry

The Allianz study lists several key triggers of these fears. Regarding long-term planning, 54% of respondents said inflation was their top worry. Increases in health care costs, housing, and food prices are still undermining people’s purchasing power.

Concerns around Social Security’s future and tax burdens are also high. 43% said they feared Social Security might not offer adequate support. And another 43% named high taxes as a major issue.

Generational Gaps in Money Stress

Gen X—often balancing care for both kids and aging parents—report the highest worry: 70% versus 66% of millennials and 61% of boomers. Among corporate workers, including those at Ametek, this dynamic underlines how family obligations can magnify retirement concerns.

The Gap Between Worry and Action

The survey shows a gap between concern and conversation: just 23% of respondents have talked about outliving their assets with a retirement specialist, down from 28% in 2024. ² That said, Americans are considering several strategies to allay these fears, ranking the following approaches as most helpful:

41% said cutting current spending to funnel more toward retirement 
44% said increasing retirement contributions 
39% said postponing retirement
While increasing contributions to retirement accounts could help address these concerns, barriers remain: daily necessities (63%), credit card debt (40%), mortgage or rent (35%) were top reasons people weren’t contributing more.

The Emotional Side of Retirement Anxiety

Retirement fears influence not just finances, but lifestyle, career choices, and family planning. Worries about independence, dignity, and quality of life often accompany fear of running short on funds.

Health care need are often underestimated too, complicating the equation. Medicare covers many basic services, but long‑term care, home assistance, and uncovered treatments can add large bills—adding uncertainty even for high‑income employees.

Broader Retirement Planning Matters

The Allianz findings emphasize planning well beyond just saving. With people living 25 to 30 years post‑work, a solid planning mindset is critical. As Kelly LaVigne, VP at Allianz Life, noted, “Americans areliving longer… your money needs to go farther. A good plan considers 25 to 30 years of retirement, not just the first ten.” ²

Key components often include:

Income strategies: setting up regular monthly disbursements from assets
Tax planning: reducing tax burdens on withdrawals
Health care planning: factoring in Medicare gaps and long‑term care
Inflation alignment: keeping income responsive to cost increases

Combined, these strategies can help build resilience, confidence, and preparedness even in uncertain times.

In Conclusion

The 2025 Allianz Retirement Study makes it clear: a majority of Americans—and Ametek employees among them—see the threat of running out of money as more frightening than death. Rising inflation, health care spending, and uncertainty around Social Security are central drivers. Fewer are taking direct action through planning conversations or boosted contributions.

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Yet there is opportunity. The IRS now permits catch‑up 401(k) contributions of up to $11,250 for those aged 60–63 in 2025—above the standard limit. For many, this is a practical way to fortify resources in those final working years.

A Final Thought

Think of retirement like a long sea voyage. Death may be the storm ahead, but empty savings are the leak that can sink the ship first. According to the Allianz study, 64% of Americans fear that leak more than the storm. For Ametek employees, the goal is to build a well-structured plan—with consistent income, planning for health costs, and tax awareness—that can keep the vessel afloat for the long haul.

Sources:

1. Allianz Life Insurance Company of North America, ' How Americans feel about retirement in 2025 ,' by the Allianz Center for the Future of Retirement ^TM , June 2025.

2. businesswire, ' Americans Are More Worried About Running Out of Money Than Death ,' April 22, 2025.

What is Ametek's 401(k) plan?

Ametek's 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted, helping them to build a nest egg for retirement.

How can I enroll in Ametek's 401(k) plan?

Employees can enroll in Ametek's 401(k) plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.

Does Ametek match contributions to the 401(k) plan?

Yes, Ametek offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the maximum contribution limit for Ametek's 401(k) plan?

The maximum contribution limit for Ametek's 401(k) plan follows the IRS guidelines, which are updated annually. Employees should check the latest limits on the IRS website or through Ametek's benefits resources.

Can I change my contribution percentage to Ametek's 401(k) plan?

Yes, employees can change their contribution percentage to Ametek's 401(k) plan at any time, typically through the benefits portal.

When can I access my Ametek 401(k) funds?

Employees can access their Ametek 401(k) funds upon reaching retirement age, or in certain circumstances such as financial hardship, as outlined in the plan's guidelines.

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

Ametek's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose investments that align with their retirement goals.

How often can I change my investments in Ametek's 401(k) plan?

Employees can change their investment selections in Ametek's 401(k) plan at any time, subject to the specific rules of the investment options chosen.

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

Yes, Ametek has a vesting schedule for matching contributions, which means employees must work for the company for a certain period to fully own those contributions.

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

If an employee leaves Ametek, they have several options for their 401(k), including rolling it over to another retirement account, cashing it out (subject to taxes and penalties), or leaving it in the Ametek plan if eligible.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Ametek announced plans to restructure its operations to streamline its manufacturing processes and improve efficiency. The restructuring includes potential layoffs affecting multiple departments. Additionally, Ametek is reviewing its employee benefits and pension plans to align with new operational goals.