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

Healthcare Provider Update: Fluor Corporation typically offers employee health benefits through various healthcare providers, depending on the location and specific employee benefit plans. However, specific details regarding their current healthcare provider can vary and may be subject to change. Looking ahead to 2026, healthcare costs are poised for significant increases, particularly in the Affordable Care Act (ACA) marketplace. Many states are projecting premium hikes exceeding 60%, with the possibility of average out-of-pocket costs rising by over 75% for the majority of enrollees due to the potential expiration of enhanced federal subsidies. This sharp escalation is driven by rising medical costs and strategic rate hikes from major insurers, which could substantially impact individuals and families relying on marketplace plans for their health coverage. As such, individuals must be proactive in understanding their options to mitigate these rising expenses. Click here to learn more

'To allay long-term financial concerns, Fluor 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 Fluor 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 Fluor, 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 Fluor, 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 Fluor 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 Fluor 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 the Fluor 401(k) plan?

The Fluor 401(k) plan is a retirement savings plan that allows employees to save for retirement on a tax-deferred basis.

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

You can enroll in Fluor's 401(k) plan by accessing the employee benefits portal or contacting the HR department for assistance.

Does Fluor offer a company match on 401(k) contributions?

Yes, Fluor offers a company match on 401(k) contributions, which helps employees maximize their retirement savings.

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

The maximum contribution limit for Fluor's 401(k) plan is set by the IRS and may change annually; employees should check the latest guidelines for the current limit.

Can I change my contribution percentage in Fluor's 401(k) plan?

Yes, employees can change their contribution percentage at any time through the employee benefits portal or by contacting HR.

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

Fluor's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

When can I start withdrawing from my Fluor 401(k) plan?

Employees can typically start withdrawing from their Fluor 401(k) plan at age 59½, although there are specific rules and exceptions that may apply.

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

If you leave Fluor, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with Fluor.

Does Fluor provide financial education regarding the 401(k) plan?

Yes, Fluor provides resources and financial education to help employees make informed decisions about their 401(k) savings.

Is there a loan option available through Fluor's 401(k) plan?

Yes, Fluor's 401(k) plan may allow employees to take out loans against their savings, subject to specific terms and conditions.

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

Fluor Corporation's 401(k) Plan: Fluor's 401(k) plan, part of their Employee Savings Investment Plan (ESIP), allows employees to contribute a portion of their salary pre-tax, with Fluor offering a matching contribution. Employees become eligible for this plan immediately upon employment, and the company begins matching contributions after one year of service. The 401(k) plan is a vital part of Fluor's overall benefits package, designed to help employees save for retirement while receiving tax advantages. Fluor Corporation's Pension Plan: Fluor also provides a traditional pension plan to eligible employees. This defined benefit plan calculates retirement benefits based on a formula that considers years of service and final average pay. The specific details, such as age qualification and the pension formula, are detailed in the company's official benefits documents. Generally, employees need to have a minimum number of years of service and meet age requirements to qualify for full pension benefits upon retirement.

Restructuring and Layoffs: In 2023-2024, Fluor Corporation has faced significant changes, including ongoing restructuring efforts aimed at improving profitability and efficiency. These efforts have led to workforce reductions in certain segments, as the company adjusts to evolving market demands and economic pressures. Company Benefit and 401(k) Changes: Fluor has also been involved in a legal dispute over its 401(k) plan fees, reflecting increased scrutiny on retirement benefits. The company has reaffirmed its commitment to providing competitive benefits despite these challenges. It is crucial to address these developments because of the current economic, investment, tax, and political environment, which continues to impact corporate strategies and employee welfare.Pension Adjustments: While no drastic pension changes have been reported, Fluor's ongoing financial adjustments could influence future benefit structures, emphasizing the importance of staying informed on these issues. This news is essential for stakeholders, particularly in light of the shifting regulatory and economic landscape.**

Fluor Corporation has provided its employees with stock options and Restricted Stock Units (RSUs) as part of their compensation package, particularly in recent years, including 2022, 2023, and 2024. These equity compensation options are designed to align the interests of employees with those of shareholders, offering a way to benefit directly from the company's success. Stock Options at Fluor typically allow employees to purchase company stock at a predetermined price, known as the exercise price. These options are often subject to a vesting period, meaning that employees must remain with the company for a certain duration before they can exercise these options. In 2023 and 2024, stock options have been increasingly granted to senior management and key personnel, reflecting the company's focus on retaining top talent during strategic transitions. Restricted Stock Units (RSUs) are also a significant part of Fluor's compensation strategy. RSUs represent a promise to deliver shares of Fluor's stock to employees upon the completion of a vesting period. Unlike stock options, RSUs do not require employees to purchase shares at an exercise price; instead, the shares are delivered outright once vested. In recent years, Fluor has utilized RSUs as a means to attract and retain high-level employees, particularly those involved in critical projects within the company's Energy and Urban Solutions segments.

Fluor Corporation offers a comprehensive range of health benefits to its employees, with updates and changes noted in the years 2022, 2023, and 2024. These benefits typically include medical, dental, and vision plans, along with wellness programs and mental health resources. Fluor's health plans often utilize industry-specific acronyms such as PPO (Preferred Provider Organization) and HSA (Health Savings Account), which are standard across many companies. In recent years, Fluor has faced some challenges, including layoffs and shifts in business strategy, which have impacted employee morale and possibly influenced benefits offerings. For instance, the company has undergone layoffs, and there have been discussions about cost-cutting measures that may indirectly affect employee benefits, though specific details on how these might have impacted healthcare benefits have not been disclosed publicly.

Additional Articles

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

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