<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

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

image-table

Healthcare Provider Update: Healthcare Provider for SpartanNash SpartanNash partners with major healthcare providers and insurers for employee health benefits, typically working with Blue Cross Blue Shield and other prominent companies to deliver comprehensive healthcare options to its workforce. Potential Healthcare Cost Increases in 2026 As projections for 2026 emerge, SpartanNash employees may face significant healthcare cost hikes amid a challenging landscape. With anticipated increases in Affordable Care Act (ACA) premiums ranging from 18% to over 60% in various states, workers could see their out-of-pocket expenses soar dramatically. The potential expiration of enhanced federal premium subsidies and ongoing medical cost inflation are key factors driving these increases. Unless Congress acts to renew support, many employees could experience premium rises exceeding 75%, making 2026 a critical year for financial planning related to 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 SpartanNash.

 

1. Mental Benefits

Working during your SpartanNash 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 SpartanNash 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 SpartanNash 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 SpartanNash.

Articles you may find interesting:

Loading...

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 SpartanNash?

The 401(k) plan offered by SpartanNash is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in SpartanNash's 401(k) plan?

Employees can enroll in SpartanNash's 401(k) plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.

Does SpartanNash offer a company match for the 401(k) contributions?

Yes, SpartanNash offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.

What is the vesting schedule for the SpartanNash 401(k) plan?

The vesting schedule for the SpartanNash 401(k) plan typically outlines how long employees must work at the company to fully own the company match contributions.

Can I change my contribution percentage in the SpartanNash 401(k) plan?

Yes, employees can change their contribution percentage in the SpartanNash 401(k) plan at any time by accessing their account through the benefits portal.

What investment options are available in the SpartanNash 401(k) plan?

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

When can I take a loan from my SpartanNash 401(k) plan?

Employees can take a loan from their SpartanNash 401(k) plan under certain conditions, typically after being enrolled for a specified period and meeting the plan’s loan requirements.

What happens to my SpartanNash 401(k) if I leave the company?

If you leave SpartanNash, you have several options for your 401(k) savings, including rolling it over to a new employer's plan, an IRA, or cashing it out (though cashing out may incur taxes and penalties).

Is there a penalty for early withdrawal from my SpartanNash 401(k) plan?

Yes, there is typically a penalty for early withdrawal from the SpartanNash 401(k) plan if you take money out before reaching the age of 59½, along with potential income taxes.

How often can I change my investment allocations in the SpartanNash 401(k) plan?

Employees can change their investment allocations in the SpartanNash 401(k) plan at any time, allowing for adjustments based on market conditions or personal financial goals.

New call-to-action

Additional Articles

Check Out Articles for SpartanNash employees

Loading...

For more information you can reach the plan administrator for SpartanNash at , ; or by calling them at .

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for SpartanNash employees