<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 Stericycle Employees

image-table

Healthcare Provider Update: Healthcare Provider for Stericycle Stericycle, a leading provider of medical waste management services, collaborates with various healthcare facilities, which include hospitals, clinics, and laboratories, to provide environmentally responsible solutions for waste disposal and compliance services. Their focus is on ensuring that medical waste is managed safely and effectively, minimizing risks to public health and safety. Potential Healthcare Cost Increases in 2026 In 2026, Stericycle employees may find themselves facing significant increases in healthcare expenses, as rising costs continue to dominate the landscape. Multiple factors contribute to this situation, including the anticipated expiration of enhanced federal premium subsidies and soaring medical costs, with estimates suggesting a potential spike in premiums by over 60% across various states. As employers, including Stericycle, adjust benefit structures to mitigate these rising expenses, employees may bear a larger share of healthcare costs through higher deductibles and out-of-pocket maximums. Awareness and proactive planning for these changes are essential to minimize the financial impact on households. 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 Stericycle.

 

1. Mental Benefits

Working during your Stericycle 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 Stericycle 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 Stericycle 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 Stericycle.

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 types of contributions can employees make to Stericycle's 401(k) plan?

Employees at Stericycle can make pre-tax contributions, Roth (after-tax) contributions, and catch-up contributions if they are eligible.

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

Yes, Stericycle provides a company match on employee contributions to the 401(k) plan, subject to certain limits.

When can I enroll in Stericycle's 401(k) plan?

Employees can enroll in Stericycle's 401(k) plan during the initial enrollment period or during the annual open enrollment period.

What is the vesting schedule for Stericycle's 401(k) company match?

Stericycle has a vesting schedule for the company match, which typically requires employees to be with the company for a certain number of years before they fully own the matched contributions.

How can I access my Stericycle 401(k) account information?

Employees can access their Stericycle 401(k) account information through the company's designated retirement plan website or by contacting the plan administrator.

Can I take a loan against my Stericycle 401(k) plan?

Yes, Stericycle allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

What investment options are available in Stericycle's 401(k) plan?

Stericycle's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can I change my contribution amount to Stericycle's 401(k) plan?

Employees can change their contribution amount to Stericycle's 401(k) plan at any time, subject to the plan's guidelines.

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

If you leave Stericycle, you have several options for your 401(k), including rolling it over to an IRA or another employer's plan, cashing it out, or leaving it in the Stericycle plan if allowed.

Does Stericycle provide financial education regarding the 401(k) plan?

Yes, Stericycle offers resources and financial education to help employees understand their 401(k) options and make informed decisions.

New call-to-action

Additional Articles

Check Out Articles for Stericycle employees

Loading...

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

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Stericycle employees