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

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

Healthcare Provider Update: ChampionX offers comprehensive health benefits including medical, dental, vision, and prescription coverage. Employees can access HSAs, FSAs, and wellness resources for diabetes, fertility, and parenting support. The company also provides a 401(k) with matching, paid parental leave, tuition reimbursement, and flexible work arrangements 10. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more

Navigating retirement planning at ChampionX takes on new dimensions in Q1 2026, as the energy sector's historic price surge — driven by Strait of Hormuz supply disruptions — has elevated both company stock values and the broader inflationary pressures that can erode retirement purchasing power.

2026 Q1 Oil Market Update (March 2026): ChampionX (CHX) shares are up approximately +18% over the past 90 days, with an approximate March 2026 average price of ~$28. Oilfield services companies are experiencing a surge in drilling contracts as higher crude prices driven by the U.S.-Israel joint strikes on Iran and the near-closure of the Strait of Hormuz, which carries approximately 20% of global oil and 21% of global LNG supply accelerate domestic E&P capital spending.

The Strait of Hormuz crisis has pushed Brent crude to ~$107/barrel and WTI to ~$94/barrel, marking one of the most severe oil supply shocks since the 1973 embargo, according to the IEA's March 2026 emergency report.

The disruption extends beyond crude: Henry Hub natural gas is near ~$2.94/MMBtu and European TTF is near ~$16.90/MMBtu as the conflict has effectively shut down a major LNG export hub in the Persian Gulf.

For ChampionX employees approaching retirement, the current Q1 2026 market environment — defined by surging oil prices and geopolitical uncertainty — underscores the need for a carefully structured retirement income plan that balances growth potential with downside protection.

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 has grown substantially from 20 percent in 2002, reflecting the growing trend of Americans choosing to work longer and redefine retirement.(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 ChampionX.

1. Mental Benefits

Working during your ChampionX 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 ChampionX 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 ChampionX 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 ChampionX.

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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 ChampionX offer to its employees?

ChampionX offers a 401(k) retirement savings plan to its employees.

Does ChampionX provide matching contributions to the 401(k) plan?

Yes, ChampionX provides matching contributions to the 401(k) plan to help employees save for retirement.

What is the eligibility requirement for ChampionX employees to participate in the 401(k) plan?

Most ChampionX employees are eligible to participate in the 401(k) plan after completing a specified period of employment.

Can ChampionX employees choose how much to contribute to their 401(k) plan?

Yes, ChampionX employees can choose to contribute a percentage of their salary to their 401(k) plan, within IRS limits.

Are there investment options available in the ChampionX 401(k) plan?

Yes, ChampionX offers a variety of investment options within the 401(k) plan for employees to choose from.

How often can ChampionX employees change their 401(k) contribution amounts?

ChampionX employees can change their 401(k) contribution amounts at designated times throughout the year.

Is there a vesting schedule for ChampionX’s matching contributions?

Yes, ChampionX has a vesting schedule for matching contributions, which determines when employees fully own those contributions.

Can ChampionX employees take loans against their 401(k) savings?

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

What happens to the 401(k) plan if a ChampionX employee leaves the company?

If a ChampionX employee leaves the company, they have several options for their 401(k) savings, including rolling it over to another plan or withdrawing the funds.

Does ChampionX offer financial education resources for employees regarding their 401(k) plan?

Yes, ChampionX offers financial education resources to help employees understand and manage their 401(k) plan effectively.

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

In 2024, ChampionX announced a significant restructuring plan, resulting in a reduction of approximately 10% of its workforce. This decision includes consolidating operations and closing several regional offices.

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For more information you can reach the plan administrator for ChampionX at 777 Post Oak Blvd., Suite 600 Houston, TX 77056; or by calling them at 1-281-600-6000.