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

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Discover the Top 5 Advantages of Continuing to Work in Retirement for Berry Global Group Employees

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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

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 Berry Global Group.

 

1. Mental Benefits

Working during your Berry Global Group 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 Berry Global Group 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 Berry Global Group 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 Berry Global Group.

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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 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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