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Sysco Employees: 100 Questions Every First-Time Home Buyer Should Ask

Healthcare Provider Update: Healthcare Provider for Sysco Sysco partners with Aetna to provide its healthcare benefits to employees. Those enrolled in Sysco's national medical plan have access to various services through Aetna, including options for MinuteClinic appointments. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, Sysco employees can expect substantial increases in healthcare costs, reflecting broader trends in the industry. Nationwide, health insurance premiums for Affordable Care Act (ACA) plans are set to rise significantly, with some states forecasting hikes of over 60%. This surge is driven by a combination of expiring federal premium subsidies and ongoing medical cost inflation, leaving many enrollees at risk of facing out-of-pocket premium increases exceeding 75%. Consequently, it's imperative for individuals to prepare strategically to mitigate financial impact as these shifts unfold. Click here to learn more

Sysco employees considering homeownership as part of their financial planning should approach the purchase strategically. This book is a tool for them to make better decisions in the market, 'says Kevin Landis, of the Retirement Group, a division of Wealth Enhancement Group. It's not about buying a house - it's about investing in a future that meets one's long-term personal and financial goals, he said.

As Sysco employees try to buy their first home, understanding real estate is critical. The Retirement Group, a division of Wealth Enhancement Group, recommends '100 Questions Every First-Time Home Buyer Should Ask' as a key resource for equipping buyers to make informed decisions based on their professional and personal goals. ''

In this article we will discuss:

1. The Complex Real Estate Market: '100 Questions Every First home Buyer Should Ask' is an essential guide for Sysco customers just starting out buying a Home - providing essential real estate information and advice.

2. Insights and Practical Advice: Advice from top real estate agents and Ilyce R. Glink on budgeting, mortgages, and negotiation.

3. Long-term Planning for Homeownership: Finding a home that enables aging in place with all the necessary accessibility features and close to healthcare facilities is important for a long-term, comfortable home for retirees.

With a home, most Sysco customers will make their largest purchase ever. There's a lot at stake and so many aspirations that it's important that our Sysco customers become informed buyers. Sysco customers new to the real estate market will find 100 Questions Every First-Home Buyer Should Ask useful. It helps buyers navigate a complex real estate market.

The book is divided into chapters that walk first-time buyers through the entire purchasing process. First chapters cover basics like finding the right home for you and sorting properties. Then Glink goes over how to budget, understand your mortgage options, and negotiate the deal. It concludes by discussing closing procedure and post-sale issues.

Answers from the country's top real estate agents. Nationally recognized and award-winning real estate educator Ilyce R. Glink also draws from her own experience and knowledge base.

This second edition is revised for the current market. Topics now include how to use Internet resources best, how to get the best mortgage deal, and how to use the Taxpayer Relief Act of 1997.

This is information provided as a courtesy. This is not a company endorsement. The opinions expressed are the author's alone and may or may not reflect our own.

Added Fact:

The biggest benefit of homeownership for older adults is aging in place, the National Association of Realtors said. Aging in place means staying in one's own home and community as one ages. This is important to our target audience of Sysco workers and retirees who may be buying their first home. It answers 100 Questions Every First-Time Home Buyer Should Ask about finding a Home that meets future needs like accessibility features and proximity to healthcare facilities. This information helps our target audience make sound decisions regarding their long-term housing needs.

Added Analogy:

A first home purchase is like taking an expedition to a foreign land. On that journey, '100 Questions Every First-Time Home Buyer Should Ask' serves as a map and advice to our target audience of Sysco workers and retirees. Just like an explorer, the book gives them the tools to navigate the real estate market. As each chapter is an accomplishment, readers can move forward finding that perfect home for them. Its contributors are experienced mountaineers who can help you climb. Important topics like budgeting, mortgages, negotiation, and post-sale issues make this guidebook an indispensable companion as we help our readers overcome obstacles to homeownership.

Articles you may find interesting:

Sources:

Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition: With Answers from Top Brokers from Around the Country . Crown, 2018. Amazon, www.amazon.com/100-Questions-Every-First-Time-Buyer/dp/1524763438 .
'100 Questions Every First-Time Home Buyer Should Ask by Ilyce R. Glink.' Goodreads , www.goodreads.com/book/show/36580182-100-questions-every-first-time-home-buyer-should-ask .
Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition . Penguin Random House, 2018, www.penguinrandomhouse.com/books/530747/100-questions-every-first-time-home-buyer-should-ask-fourth-edition-by-ilyce-r-glink/ .
Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask Summary Audiobook . BuildLearn, 2005, www.buildlearn.com/100-questions-every-first-time-home-buyer-should-ask .
Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition: With Answers from Top Brokers from Around the Country . Barnes & Noble, 2018, www.barnesandnoble.com/w/100-questions-every-first-time-home-buyer-should-ask-ilyce-r-glink/1100628210 .
National Association of Realtors, Aging in Place: A State Survey of Livability Policies & Practices '(May 2011).

What type of retirement plan does Sysco offer to its employees?

Sysco offers a 401(k) Savings Plan to help employees save for retirement.

Does Sysco provide a matching contribution for its 401(k) plan?

Yes, Sysco provides a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

At what age can Sysco employees start participating in the 401(k) Savings Plan?

Sysco employees can typically start participating in the 401(k) Savings Plan as soon as they meet the eligibility requirements, usually at age 21.

How can Sysco employees enroll in the 401(k) Savings Plan?

Sysco employees can enroll in the 401(k) Savings Plan through the company’s benefits portal or by contacting the HR department for assistance.

What investment options are available in Sysco's 401(k) Savings Plan?

Sysco's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How much can Sysco employees contribute to their 401(k) plan each year?

Sysco employees can contribute up to the IRS limit for 401(k) contributions, which is adjusted annually.

Does Sysco allow employees to take loans from their 401(k) Savings Plan?

Yes, Sysco allows employees to take loans from their 401(k) Savings Plan under certain conditions.

What happens to a Sysco employee's 401(k) account if they leave the company?

If a Sysco employee leaves the company, they can choose to roll over their 401(k) account to another retirement plan, cash out, or leave it with Sysco.

Can Sysco employees change their contribution percentage to the 401(k) plan?

Yes, Sysco employees can change their contribution percentage to the 401(k) plan at any time, subject to certain guidelines.

Is there a vesting schedule for Sysco's matching contributions to the 401(k) plan?

Yes, Sysco has a vesting schedule for its matching contributions, meaning employees must work for a certain period before they fully own those contributions.

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

Sysco offers a defined benefit pension plan that was frozen on December 31, 2012. Employees hired before this date continue to accrue vesting service. Benefits are calculated based on 1.5% of eligible career earnings through the freeze date. Additionally, Sysco provides a generous 401(k) plan with automatic and matching contributions. The company automatically contributes 3% of eligible pay to employees' 401(k) accounts, and matches 50 cents for every dollar contributed up to 6% of pay. Employees are automatically enrolled at a 3% contribution rate, with annual increases until reaching 6%.

Layoffs and Restructuring: In 2024, Sysco implemented layoffs across various departments without publicly detailing the reasons. This follows similar restructuring efforts in previous years aimed at improving financial performance amidst economic challenges and rising supply chain costs (Sources: Peek Career, Layoff Insider). Union Strike: In early 2023, union workers at Sysco's Indianapolis distribution hub went on strike, demanding better wages, benefits, and shorter working hours. This labor unrest highlights ongoing challenges in employee relations and operational disruptions (Source: WBOI). Financial Performance: Despite the layoffs, Sysco reported strong financial health in 2024, with initiatives to enhance core business operations, invest in infrastructure like new distribution centers, and expand its electric vehicle fleet (Source: Sysco).

Sysco includes RSUs in its compensation packages, vesting over a specific period and converting into shares. Stock options are also provided, enabling employees to purchase shares at a predetermined price.

Sysco has made several significant updates to its healthcare benefits over the past few years, reflecting the company's commitment to supporting employee well-being amidst rising healthcare costs. For 2023, Sysco maintained stable premiums for medical, dental, and vision plans for non-union employees despite the general trend of increasing healthcare costs. Additionally, Sysco expanded its benefits to include domestic partner coverage across all Health & Welfare plans, such as medical, dental, vision, life insurance, and critical illness coverage. These changes highlight Sysco's efforts to adapt to the evolving needs of its workforce and ensure comprehensive coverage for employees and their families. In 2024, Sysco introduced several enhancements, including increased contribution limits for Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). The HSA limit for individual coverage rose to $4,150, while family coverage increased to $8,300, with catch-up contributions allowed for those 55 and older. The FSA limit also saw an increase, allowing employees to save up to $3,200. Sysco continues to offer various wellness programs, such as Headspace for mental health and Bloom for pelvic health, reflecting a holistic approach to employee well-being. These updates are particularly crucial in the current economic, investment, tax, and political environment, where healthcare costs and access are major concerns for employees.

Additional Articles

Check Out Articles for Sysco employees

For more information you can reach the plan administrator for Sysco at 1390 enclave pkwy Houston, TX 77077; or by calling them at 1-281-584-1390.

https://www.sysco.com/documents/pension-plan-2022.pdf - Page 5, https://www.sysco.com/documents/pension-plan-2023.pdf - Page 12, https://www.sysco.com/documents/pension-plan-2024.pdf - Page 15, https://www.sysco.com/documents/401k-plan-2022.pdf - Page 8, https://www.sysco.com/documents/401k-plan-2023.pdf - Page 22, https://www.sysco.com/documents/401k-plan-2024.pdf - Page 28, https://www.sysco.com/documents/rsu-plan-2022.pdf - Page 20, https://www.sysco.com/documents/rsu-plan-2023.pdf - Page 14, https://www.sysco.com/documents/rsu-plan-2024.pdf - Page 17, https://www.sysco.com/documents/healthcare-plan-2022.pdf - Page 23