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

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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 MDC Holdings.

1. Mental Benefits

Working during your MDC Holdings 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 MDC Holdings 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 MDC Holdings 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 MDC Holdings.

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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 is the 401(k) plan offered by MDC Holdings?

The 401(k) plan at MDC Holdings is a retirement savings plan that allows employees to contribute a portion of their salary on a pre-tax basis, helping them save for retirement.

Does MDC Holdings offer a matching contribution for the 401(k) plan?

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

How can employees enroll in the MDC Holdings 401(k) plan?

Employees can enroll in the MDC Holdings 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What types of investment options are available in the MDC Holdings 401(k) plan?

The MDC Holdings 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Is there a vesting schedule for the matching contributions at MDC Holdings?

Yes, MDC Holdings has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the employer's contributions.

Can employees take loans against their 401(k) at MDC Holdings?

Yes, MDC Holdings allows employees to take loans against their 401(k) balance under specific conditions set forth in the plan.

What is the minimum contribution percentage for the MDC Holdings 401(k) plan?

The minimum contribution percentage for the MDC Holdings 401(k) plan is typically set at 1% of the employee's salary, but employees are encouraged to contribute more.

Are there any fees associated with the MDC Holdings 401(k) plan?

Yes, there may be administrative fees and investment-related fees associated with the MDC Holdings 401(k) plan, which are disclosed in the plan documents.

How often can employees change their contribution amounts in the MDC Holdings 401(k) plan?

Employees can change their contribution amounts in the MDC Holdings 401(k) plan as frequently as once per pay period.

What happens to the 401(k) plan if an employee leaves MDC Holdings?

If an employee leaves MDC Holdings, they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out, subject to taxes and penalties.

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 Plan: MDC Holdings Pension Plan Years of Service and Age Qualification: Employees typically need to complete a certain number of years of service and reach a specific age to qualify. For detailed numbers, refer to specific documents or plan summaries. Pension Formula: The pension formula is generally based on factors such as years of service and average salary. For the precise formula, refer to the plan’s official documentation. Eligibility Criteria: Generally includes full-time employees who meet the age and service requirements outlined in the plan. Name of Plan: MDC Holdings 401(k) Plan Eligibility Criteria: Eligibility typically includes full-time employees who have completed a specific period of service. Detailed eligibility requirements are outlined in the plan documents.

Restructuring and Layoffs: MDC Holdings announced in early 2024 that it is restructuring its operations due to a downturn in the housing market. This restructuring involves laying off approximately 10% of its workforce to reduce costs and improve efficiency. The decision is a response to declining home sales and increased material costs, which have impacted profitability. Company Benefits and Pension Changes: Alongside the layoffs, MDC Holdings is revising its employee benefits and pension plans. The company is shifting from a defined benefit pension plan to a defined contribution plan. This change is aimed at reducing long-term liabilities and aligning with industry standards. Employees will see changes in their 401(k) contributions, with MDC Holdings offering a reduced matching contribution compared to previous years.

Stock Options and RSUs: MDC Holdings provides stock options and RSUs to its employees as part of their compensation package. Stock options at MDC Holdings allow employees to purchase shares at a set price, typically lower than the market value. RSUs are granted and vest over a specified period, giving employees ownership of company shares after certain conditions are met.

MDC Holdings Official Website: The site may include information on employee benefits under their "Careers" or "Employee Benefits" section. Look for terms such as "Medical Insurance," "Dental Coverage," "Vision Benefits," and "Health Savings Accounts (HSA)." SEC Filings: Access MDC Holdings’ 10-K or 10-Q filings from the SEC's EDGAR database to find detailed information about employee benefits and any changes in 2022, 2023, or 2024. Glassdoor and Indeed: Search for reviews from MDC Holdings employees discussing their health benefits. Look for terms like "healthcare coverage," "benefits package," "employee health insurance," and "wellness programs." Recent News Articles: Look for any news articles that discuss changes or updates to MDC Holdings’ health benefits. Terms might include "benefits update," "healthcare changes," or "employee benefits news." Benefits Review Platforms: Websites like BenefitsPro or PayScale may have detailed reviews or comparisons of MDC Holdings’ health benefits. Search for terms like "benefits comparison," "employee health benefits review," and "company benefits analysis."