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

Healthcare Provider Update: Offers health insurance covering up to 80% of out-of-pocket costs post-deductible, plus dental, vision, and mental health support 8. With ACA costs rising, Prologiss generous coverage may help employees avoid the financial strain of marketplace plans 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 Prologis.

1. Mental Benefits

Working during your Prologis 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 Prologis 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 Prologis 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 Prologis.

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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 Prologis 401(k) Savings Plan?

The Prologis 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

How can I enroll in the Prologis 401(k) Savings Plan?

You can enroll in the Prologis 401(k) Savings Plan by logging into the employee portal and following the enrollment instructions or by contacting the HR department for assistance.

What is the employer match for the Prologis 401(k) Savings Plan?

Prologis offers a competitive employer match for contributions made to the 401(k) Savings Plan, which can significantly enhance your retirement savings.

At what age can I start contributing to the Prologis 401(k) Savings Plan?

Employees at Prologis can start contributing to the 401(k) Savings Plan as soon as they meet the eligibility requirements, typically upon hire or after a short waiting period.

How much can I contribute to the Prologis 401(k) Savings Plan each year?

The contribution limits for the Prologis 401(k) Savings Plan are set by the IRS and can change annually. Employees should check the current limits to maximize their contributions.

Does Prologis offer a Roth option in its 401(k) Savings Plan?

Yes, Prologis provides the option to contribute to a Roth 401(k) within its 401(k) Savings Plan, allowing employees to make after-tax contributions.

Can I take a loan from my Prologis 401(k) Savings Plan?

Yes, Prologis allows employees to take loans from their 401(k) Savings Plan under certain conditions. Employees should review the plan’s loan policy for details.

What investment options are available in the Prologis 401(k) Savings Plan?

The Prologis 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How can I change my contribution percentage for the Prologis 401(k) Savings Plan?

You can change your contribution percentage for the Prologis 401(k) Savings Plan by accessing the employee portal or by contacting the HR department for guidance.

What happens to my Prologis 401(k) Savings Plan if I leave the company?

If you leave Prologis, you have several options for your 401(k) Savings Plan, including rolling it over to an IRA or a new employer’s plan, cashing it out, or leaving it with Prologis.