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

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Navigating Inflation: Essential Insights for Berry Global Group Employees to Safeguard Their Retirement Plans

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Healthcare Provider Update: Healthcare Provider for Berry Global Group The healthcare provider for Berry Global Group is not explicitly mentioned in widely accessible sources. However, many companies typically partner with large insurance carriers such as UnitedHealthcare, Cigna, or Anthem to offer health insurance plans to their employees. To confirm the specific provider, employees should refer to internal documentation or communicate directly with their HR department. Healthcare Costs Overview for 2026 As Berry Global Group employees prepare for 2026, a significant increase in healthcare costs is on the horizon. With a projected sharp rise in Affordable Care Act (ACA) premiums-some states facing hikes exceeding 60%-employees are likely to shoulder a greater share of healthcare expenses. This increase is largely due to the expiration of enhanced federal subsidies, rising medical costs, and pressure from profit-focused insurers. Employees should proactively review upcoming changes to their benefits and consider strategies such as optimizing Health Savings Accounts (HSAs) to mitigate the financial impact of these anticipated cost burdens. Click here to learn more

As a Berry Global Group employee earning a good wage, remember when everyday products were much cheaper than they are now? That's a real-life example of inflation, an unavoidable phenomenon that erodes the value of money by pushing prices up over time. If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.

 

'If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.' woman signing on white printer paper beside woman about to touch the documents

 


As a Berry Global Group employee interested in investing, it is important to consider how investors have a wide range of tools at their disposal to protect their portfolios from inflation. Some prefer inflation-protected bonds, while others swear by commodities such as gold as effective inflation hedges. Investing in stocks has historically been one of the best ways to offset, or even outpace, inflation's degenerative effects on one's savings. For Berry Global Group employees, it is important to account for this information when planning your finances as to create a portfolio that minimizes volatility and accounts for inflation.

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We still have a tremendous amount of interest from advisors looking into commodity funds, ETFs and other inflation protection instruments to protect against potential inflation.

What type of retirement savings plan does Berry Global Group offer to its employees?

Berry Global Group offers a 401(k) retirement savings plan to help employees save for their future.

Does Berry Global Group match employee contributions to the 401(k) plan?

Yes, Berry Global Group provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility requirement to participate in Berry Global Group’s 401(k) plan?

Employees at Berry Global Group are eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

How can employees at Berry Global Group enroll in the 401(k) plan?

Employees can enroll in Berry Global Group’s 401(k) plan by completing the enrollment process through the company’s benefits portal.

What types of investment options are available in Berry Global Group’s 401(k) plan?

Berry Global Group offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.

Can employees at Berry Global Group change their contribution percentage to the 401(k) plan?

Yes, employees can change their contribution percentage to the Berry Global Group 401(k) plan at any time, subject to plan rules.

Is there a loan provision in Berry Global Group’s 401(k) plan?

Yes, Berry Global Group allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.

When can employees at Berry Global Group start withdrawing funds from their 401(k) plan?

Employees can begin withdrawing funds from their Berry Global Group 401(k) plan at age 59½, or earlier under certain circumstances such as financial hardship.

Does Berry Global Group offer financial education resources related to the 401(k) plan?

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

Are there any fees associated with Berry Global Group’s 401(k) plan?

Yes, there may be administrative and investment fees associated with Berry Global Group’s 401(k) plan, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Berry Global Group announced significant restructuring plans, including layoffs and reorganization to streamline operations. These changes are expected to impact various divisions within the company.
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For more information you can reach the plan administrator for Berry Global Group at 101 Oakley St Evansville, IN 47710; or by calling them at +1 812-424-2904.

*Please see disclaimer for more information

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