<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

How Everyday Choices Impact CommScope Holding Employees’ Paths to a Stronger Retirement

image-table

Healthcare Provider Update: Healthcare Provider for CommScope Holding CommScope Holding employs its workforce through an array of benefits, including health insurance offerings provided primarily by major insurers such as UnitedHealthcare, Cigna, and Blue Cross Blue Shield. These were selected due to their extensive national coverage and tailored plans that address various employee healthcare needs. Predictions on Healthcare Cost Increases in 2026 In 2026, healthcare costs are poised for dramatic increases, reflecting a perfect storm of factors affecting the Affordable Care Act (ACA) marketplace. Premiums for ACA plans are expected to rise sharply, with some states reporting hikes over 60%. This surge is driven by a combination of rising medical costs and the possible expiration of enhanced federal subsidies, which means that many enrollees could see their premiums skyrocket by over 75%. As a result, employees at CommScope Holding should strategically consider their healthcare options early to prepare for the financial implications ahead. Click here to learn more

'Many CommScope Holding employees overlook how everyday spending habits influence their long-term goals, making it important to understand how consistent financial discipline in small decisions can be just as impactful as major investment choices when preparing for retirement.'— Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement.

'CommScope Holding employees can strengthen their retirement outlook by recognizing that sustainable wealth often grows from steady, mindful habits rather than big financial moves,' — Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

  1. The hidden cost of convenience and its impact on wealth.

  2. How small savings can compound over time to strengthen retirement readiness.

  3. Practical money habits that support fiscal discipline across generations.

Maintaining Your Standard of Living: Small Habits That Build Long-Term Wealth

by Brent Wolf, CPA, Wealth Enhancement

I recently spoke with a client who had carefully built significant savings through years of consistent fiscal discipline. When his children remarked that “baby boomers had it easy,” he simply replied, “We just learned to live within our means.” That mindset remains just as valuable today for CommScope Holding employees preparing for retirement.

The Hidden Cost of Convenience

Modern conveniences can quietly erode long-term wealth. Services like Uber Eats, DoorDash, and Grubhub can make life easier, but research shows that delivery orders can cost between 80% and 105% more than picking up the same meal yourself. 1  These additional costs often stem from:

  • - Restaurants increasing menu prices by 20–30% for delivery app orders 2

  • - Added platform service and delivery fees

  • - Extra taxes layered into the total

  • - Tips on top of already inflated costs

Essentially, you’re paying more for someone else to handle the task—not for a better product.

How Small Savings Compound Over Time

Choosing to cook at home or pick up meals rather than relying on delivery can save roughly $250 per week, or about $13,000 per year. 3  Over two decades, that amounts to $260,000 in cash savings. If those savings were invested and grew at a 10% annual rate, they could potentially reach $687,300. 4  That's a lot of savings for an incremental change, enough to substantially influence retirement readiness for many CommScope Holding employees.

Building Better Money Habits

Reducing unnecessary spending doesn’t mean giving up what you enjoy. Consider these practical steps:

  • - Call restaurants directly and pick up your meal instead of ordering through apps

  • - Prepare more meals at home

  • - Walk to nearby restaurants instead of paying for delivery

Long-term fiscal strength often results from steady, thoughtful habits that align with broader goals—something CommScope Holding employees can integrate into their daily routines.

Taking the Next Step

Growth rarely comes from one major decision; it’s built through consistent, intentional behaviors. By rethinking spending habits and redirecting small savings, you can make meaningful progress toward long-term retirement goals.

The Retirement Group can help CommScope Holding employees understand how everyday savings may support their broader strategy. To discuss how these principles can fit into your retirement planning, call (800) 900-5867 to speak with a financial professional today.

Featured Video

Articles you may find interesting:

Loading...

Sources:

What is the 401(k) plan offered by CommScope Holding?

The 401(k) plan at CommScope Holding is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

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

CommScope Holding offers a matching contribution to the 401(k) plan, which typically matches a percentage of employee contributions, helping to boost retirement savings.

What are the eligibility requirements for the 401(k) plan at CommScope Holding?

Employees of CommScope Holding are generally eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first few months.

Can employees of CommScope Holding change their contribution percentage to the 401(k) plan?

Yes, employees at CommScope Holding can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.

Does CommScope Holding offer a Roth 401(k) option?

Yes, CommScope Holding offers a Roth 401(k) option, allowing employees to contribute after-tax dollars and potentially enjoy tax-free withdrawals in retirement.

What investment options are available in the CommScope Holding 401(k) plan?

The 401(k) plan at CommScope Holding typically includes a range of investment options, such as mutual funds, target-date funds, and company stock.

How can employees at CommScope Holding access their 401(k) account information?

Employees of CommScope Holding can access their 401(k) account information online through the plan’s designated website or mobile app.

What happens to my 401(k) balance if I leave CommScope Holding?

If you leave CommScope Holding, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the CommScope Holding plan if allowed.

Are there any fees associated with the CommScope Holding 401(k) plan?

Yes, the CommScope Holding 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

Can employees take loans against their 401(k) at CommScope Holding?

Yes, employees at CommScope Holding may have the option to take loans against their 401(k) balance, subject to the plan’s 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.
Restructuring Announcement: In early 2024, CommScope announced a major restructuring plan, resulting in significant layoffs across its global operations. The restructuring is part of an effort to streamline operations and reduce costs amid declining revenues.
New call-to-action

Additional Articles

Check Out Articles for CommScope Holding employees

Loading...

For more information you can reach the plan administrator for CommScope Holding at 1100 CommScope Place Hickory, NC 28602; or by calling them at (828) 324-2200.

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for CommScope Holding employees