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 Paccar Employees

Healthcare Provider Update: Healthcare Provider for Paccar Paccar Inc., a company known for manufacturing high-quality trucks and providing related services, offers healthcare benefits to its employees, primarily through UnitedHealthcare. This partnership allows Paccar to provide comprehensive health insurance options that cater to various employee needs, enhancing overall employee well-being and satisfaction. Healthcare Cost Increases in 2026 Looking ahead, healthcare costs for Paccar employees may experience notable increases in 2026, driven largely by anticipated spikes in Affordable Care Act (ACA) premiums. Reports indicate that many states could see premium hikes exceeding 60%, with overall average increases projected around 18% to 20%. This is compounded by the potential expiration of enhanced federal subsidies, which could further escalate out-of-pocket costs for employees, potentially leading to over a 75% rise in monthly premiums for many. As a result, careful planning and consideration of these impending changes will be critical for Paccar employees managing their healthcare expenses. 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 Paccar.

1. Mental Benefits

Working during your Paccar 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 Paccar 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 Paccar 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 Paccar.

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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 primary purpose of Paccar's 401(k) Savings Plan?

The primary purpose of Paccar's 401(k) Savings Plan is to help employees save for retirement by offering tax advantages and a variety of investment options.

How can Paccar employees enroll in the 401(k) Savings Plan?

Paccar employees can enroll in the 401(k) Savings Plan by completing the online enrollment process through the company’s benefits portal.

What is the minimum contribution percentage for Paccar's 401(k) Savings Plan?

The minimum contribution percentage for Paccar's 401(k) Savings Plan is typically set at 1% of the employee's eligible pay.

Does Paccar offer a company match for contributions made to the 401(k) Savings Plan?

Yes, Paccar offers a company match for contributions made to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What types of investment options are available in Paccar's 401(k) Savings Plan?

Paccar's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Can Paccar employees change their contribution rate to the 401(k) Savings Plan?

Yes, Paccar employees can change their contribution rate to the 401(k) Savings Plan at any time through the benefits portal.

At what age can Paccar employees begin to withdraw from their 401(k) Savings Plan without penalties?

Paccar employees can begin to withdraw from their 401(k) Savings Plan without penalties at age 59½.

What happens to Paccar's 401(k) Savings Plan if an employee leaves the company?

If an employee leaves Paccar, they have several options for their 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it with Paccar.

Does Paccar allow loans against the 401(k) Savings Plan?

Yes, Paccar allows employees to take loans against their 401(k) Savings Plan, subject to certain terms and conditions.

Is there a vesting schedule for Paccar's 401(k) company match?

Yes, Paccar has a vesting schedule for the company match in the 401(k) Savings Plan, which typically requires employees to work for a certain number of years before they fully own the matched funds.