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BrightView Holdings Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: Healthcare Provider for BrightView Holdings: BrightView Holdings offers its employees access to healthcare solutions through various insurers participating in the Affordable Care Act (ACA) marketplace. As employees explore their options for 2026, a variety of plans will be available that align with their individual healthcare needs. Potential Healthcare Cost Increases in 2026: In 2026, BrightView Holdings employees may face substantial increases in healthcare costs, primarily due to anticipated surges in ACA marketplace premiums. With some insurers indicating rate hikes of over 60%, many employees could see their out-of-pocket expenses dramatically rise, particularly if the enhanced federal subsidies expire. The combination of elevated medical costs, corporate shifts towards cost-sharing, and changes in plan structures may further strain budgets, making it crucial for employees to proactively review benefit options ahead of the new year. Understanding these dynamics can help employees navigate potential challenges in maintaining affordable healthcare access. Click here to learn more

'To allay long-term financial concerns, BrightView Holdings 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 BrightView Holdings 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 BrightView Holdings, 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 BrightView Holdings, 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 BrightView Holdings 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 BrightView Holdings 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 type of retirement plan does BrightView Holdings offer to its employees?

BrightView Holdings offers a 401(k) retirement savings plan to its employees.

How can employees of BrightView Holdings enroll in the 401(k) plan?

Employees of BrightView Holdings can enroll in the 401(k) plan by completing the online enrollment process through the company’s benefits portal.

Does BrightView Holdings match employee contributions to the 401(k) plan?

Yes, BrightView Holdings provides a matching contribution to the 401(k) plan, subject to certain limits.

What is the maximum employee contribution percentage allowed in the BrightView Holdings 401(k) plan?

Employees of BrightView Holdings can contribute up to 100% of their eligible compensation, subject to the IRS annual contribution limit.

When can employees of BrightView Holdings start contributing to the 401(k) plan?

Employees of BrightView Holdings can start contributing to the 401(k) plan after they have completed their eligibility requirements, typically after 30 days of employment.

Are there any fees associated with the BrightView Holdings 401(k) plan?

Yes, there may be administrative and investment fees associated with the BrightView Holdings 401(k) plan, which will be disclosed in the plan documents.

Can employees of BrightView Holdings take loans against their 401(k) savings?

Yes, the BrightView Holdings 401(k) plan allows employees to take loans against their savings, subject to specific terms and conditions.

What investment options are available in the BrightView Holdings 401(k) plan?

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

How often can employees change their investment choices in the BrightView Holdings 401(k) plan?

Employees of BrightView Holdings can change their investment choices at any time through the plan's online portal.

What happens to the 401(k) savings if an employee leaves BrightView Holdings?

If an employee leaves BrightView Holdings, they have several options for their 401(k) savings, including rolling over to an IRA or a new employer's plan.

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

BrightView Holdings recently announced a restructuring plan aimed at reducing costs and streamlining operations. This plan includes significant layoffs across various departments and potential changes to employee benefits and retirement plans.

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For more information you can reach the plan administrator for BrightView Holdings at 980 North Federal Highway, Suite 400 Boca Raton, FL 33432; or by calling them at +1 855-222-5640.