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

Navigating Inflation: Essential Insights for Murphy USA Employees to Safeguard Their Retirement Plans

Healthcare Provider Update: Healthcare Provider for Murphy USA: Murphy USA's healthcare provider network includes a variety of options, primarily focused on major insurance companies that offer group health insurance plans for its employees. The specific providers can vary over time and by location, but typically include carriers such as UnitedHealthcare, Cigna, and Blue Cross Blue Shield, among others. Potential Healthcare Cost Increases in 2026: As Murphy USA employees navigate the rising tide of healthcare costs, the looming increases for 2026 present significant challenges. With ACA marketplace premiums expected to surge by an average of 20%, many employees may face substantially higher out-of-pocket expenses. These increases are driven by multiple factors, including escalating medical costs, the potential loss of enhanced federal premium subsidies, and changing employer benefit structures aimed at managing expenses. Consequently, employees at Murphy USA are advised to closely review their health benefit options and prepare for a potential increase in their personal healthcare expenditures next year. Click here to learn more

As a Murphy USA 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.'

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As a Murphy USA 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 Murphy USA 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 is the purpose of the 401(k) plan at Murphy USA?

The 401(k) plan at Murphy USA is designed to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.

How can employees at Murphy USA enroll in the 401(k) plan?

Employees at Murphy USA can enroll in the 401(k) plan through the company’s benefits portal during the open enrollment period or upon their hire date.

Does Murphy USA match employee contributions to the 401(k) plan?

Yes, Murphy USA offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the maximum contribution limit for the 401(k) plan at Murphy USA?

The maximum contribution limit for the 401(k) plan at Murphy USA follows the IRS guidelines, which are updated annually. Employees should check the current limits for the year.

Can employees at Murphy USA take loans against their 401(k) savings?

Yes, Murphy USA allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

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

Murphy USA's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How often can employees at Murphy USA change their 401(k) contributions?

Employees at Murphy USA can change their 401(k) contributions at any time, subject to the plan's rules and guidelines.

Is there a vesting schedule for the employer match in Murphy USA's 401(k) plan?

Yes, Murphy USA has a vesting schedule for the employer match, which determines how much of the matched contributions employees are entitled to based on their years of service.

Can employees at Murphy USA access their 401(k) funds before retirement?

Employees at Murphy USA may access their 401(k) funds before retirement under certain circumstances, such as hardship withdrawals or after reaching a specific age.

What happens to the 401(k) plan if an employee leaves Murphy USA?

If an employee leaves Murphy USA, they have several options regarding their 401(k) plan, including rolling it over to another qualified plan, cashing it out, or leaving it with Murphy USA.

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

Name of the Pension Plan: Identify the official name of Murphy USA’s pension plan. Years of Service and Age Qualification: Determine the requirements for employees to qualify for the pension plan, including years of service and age. Pension Formula: Review how the pension amount is calculated. Acronyms and Terminology: Collect relevant acronyms and terms related to Murphy USA’s pension plan. Name of the 401(k) Plan: Find out the official name of Murphy USA’s 401(k) plan. Qualification for 401(k) Plan: Identify who qualifies to participate in the 401(k) plan. Acronyms and Terminology: Collect relevant acronyms and terms related to Murphy USA’s 401(k) plan.

Restructuring and Layoffs: In 2023, Murphy USA announced a restructuring plan aimed at improving operational efficiency. This included some layoffs, particularly in non-core business units. The company cited the need to streamline operations and enhance profitability amidst a challenging economic climate. This restructuring is significant as it reflects broader trends in the industry where companies are adapting to economic uncertainties and competitive pressures. It is crucial to follow these changes due to their potential impact on employee benefits and organizational stability.

Murphy USA offered stock options and RSUs primarily to senior executives and certain key employees. These incentives were designed to align interests with shareholders and reward long-term performance. For specific details on stock options and RSUs, refer to Murphy USA’s 2022 Proxy Statement, Page 25.

Health Benefits Overview: Murphy USA offers a range of health benefits including medical, dental, and vision insurance. The plans are typically administered through major insurance carriers, providing various coverage levels. Healthcare Terms: Common terms include PPO (Preferred Provider Organization), HSA (Health Savings Account), and FSA (Flexible Spending Account).