Healthcare Provider Update: Healthcare Provider for TPG: TPG is supported by diverse healthcare providers, with many of its employees likely utilizing marketplace plans through the Affordable Care Act (ACA). Specific partnerships or collaborations with insurance carriers may not be publicly detailed, but large employers like TPG typically offer a range of options including major national insurers. Healthcare Cost Increases in 2026: As 2026 approaches, TPG employees should prepare for notable healthcare cost increases, driven primarily by projected ACA premium hikes. With many states facing substantial increases-some as high as 66%-the loss of enhanced federal premium subsidies is expected to further inflate out-of-pocket expenses for millions. A combination of intensified medical inflation and aggressive rate adjustments from leading insurers suggests that TPG employees may bear a heightened financial burden for their healthcare coverage. In this shifting landscape, strategic financial planning and early review of available benefits will be crucial for navigating these changes effectively. 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 TPG.
1. Mental Benefits
Working during your TPG 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 TPG 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 TPG 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 TPG.
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 TPG's 401(k) plan?
The primary purpose of TPG's 401(k) plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.
How can TPG employees enroll in the 401(k) plan?
TPG employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does TPG offer any matching contributions to the 401(k) plan?
Yes, TPG offers a matching contribution to the 401(k) plan, which helps employees enhance their retirement savings.
What is the vesting schedule for TPG's 401(k) matching contributions?
TPG's vesting schedule for matching contributions typically follows a graded vesting schedule, which means employees earn ownership of the contributions over a period of time.
Can TPG employees change their contribution amount to the 401(k) plan?
Yes, TPG employees can change their contribution amount at any time, subject to the plan's guidelines.
What investment options are available in TPG's 401(k) plan?
TPG's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Is there a loan option available through TPG's 401(k) plan?
Yes, TPG allows employees to take loans against their 401(k) balance, subject to certain terms and conditions.
What happens to TPG employees' 401(k) accounts if they leave the company?
If TPG employees leave the company, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the balance in the TPG plan if eligible.
How often can TPG employees make changes to their investment allocations in the 401(k) plan?
TPG employees can typically make changes to their investment allocations on a quarterly basis or as specified in the plan document.
Are there any fees associated with TPG's 401(k) plan?
Yes, TPG's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.
5. BenefitsPRO, 2017