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Discover the Top 5 Advantages of Continuing to Work in Retirement for Arista Networks Employees

Healthcare Provider Update: Provides HDHP, HMO, and PPO medical plans, with employer HSA contributions, dental, vision, and disability insurance 2. With ACA insurers requesting double-digit hikes, Aristas comprehensive benefits and HSA support help employees manage rising healthcare costs more effectively than marketplace options. Click here to learn more

In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Arista Networks.

1. Mental Benefits

Working during your Arista Networks retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.

2.. Physical Benefits

Staying active during your Arista Networks retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.

3. Financial Benefits

Besides the obvious extra income, working during your Arista Networks retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.

4. Emotional Benefits

Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Arista Networks.

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5. Social Benefits

One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.

Sources

1. AARP.org, February/March 2015

2. Forbes, 2017

3. Social Security Administration, 2017

4. Association for Psychological Science, 2017

What type of retirement savings plan does Arista Networks offer to its employees?

Arista Networks offers a 401(k) retirement savings plan to help employees save for their future.

Does Arista Networks match employee contributions to the 401(k) plan?

Yes, Arista Networks provides a matching contribution to the 401(k) plan, subject to certain limits.

How can employees enroll in the 401(k) plan at Arista Networks?

Employees can enroll in the 401(k) plan at Arista Networks by completing the enrollment process through the company’s HR portal.

What is the eligibility requirement for Arista Networks’ 401(k) plan?

To be eligible for the 401(k) plan at Arista Networks, employees must meet specific criteria such as age and length of service.

Can employees at Arista Networks take loans against their 401(k) savings?

Yes, Arista Networks allows employees to take loans against their 401(k) savings under certain conditions.

What investment options are available in the Arista Networks 401(k) plan?

The Arista Networks 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.

How often can employees change their contribution amounts to the Arista Networks 401(k) plan?

Employees can change their contribution amounts to the Arista Networks 401(k) plan on a quarterly basis.

What is the vesting schedule for employer contributions at Arista Networks?

The vesting schedule for employer contributions at Arista Networks varies based on the length of service and specific plan provisions.

Does Arista Networks offer financial education resources related to the 401(k) plan?

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

What happens to my 401(k) savings if I leave Arista Networks?

If you leave Arista Networks, you can choose to roll over your 401(k) savings to another retirement account or withdraw the funds, subject to tax implications.

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

Arista Networks has announced a restructuring plan in response to recent market challenges. The company is focusing on streamlining operations and optimizing its workforce to better align with current business needs. This plan includes targeted layoffs and adjustments to employee benefits.

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For more information you can reach the plan administrator for Arista Networks at 5453 Great America Pkwy Santa Clara, CA 95054; or by calling them at (408) 547-5500.