Healthcare Provider Update: Healthcare Provider for TreeHouse Foods: TreeHouse Foods does not have a singular healthcare provider, as its employees typically access healthcare through various plans available to them, often leveraging the Affordable Care Act (ACA) marketplace or employer-sponsored plans. The specific healthcare providers can vary based on employee choices and market availability during enrollment periods. Healthcare Cost Increases in 2026: As TreeHouse Foods navigates an evolving healthcare landscape, employees may face significant healthcare cost increases in 2026. Record hikes in health insurance premiums are anticipated, driven by a convergence of factors such as rising medical costs and the potential expiration of enhanced ACA subsidies. Without these subsidies, many individuals could experience out-of-pocket premium hikes exceeding 75%. With the increasing financial burden likely to impact the quality of care, proactive planning and strategic decisions in 2025 will be essential for managing these impending costs 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 TreeHouse Foods.
1. Mental Benefits
Working during your TreeHouse Foods 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 TreeHouse Foods 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 TreeHouse Foods 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 TreeHouse Foods.
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- 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 type of retirement savings plan does TreeHouse Foods offer to its employees?
TreeHouse Foods offers a 401(k) retirement savings plan to help employees save for their future.
Does TreeHouse Foods match employee contributions to the 401(k) plan?
Yes, TreeHouse Foods provides a matching contribution to employee 401(k) contributions, subject to certain limits.
How can employees enroll in the 401(k) plan at TreeHouse Foods?
Employees can enroll in the TreeHouse Foods 401(k) plan through the company’s benefits portal during the open enrollment period or when they become eligible.
What is the eligibility requirement for TreeHouse Foods employees to participate in the 401(k) plan?
Employees of TreeHouse Foods are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.
Can TreeHouse Foods employees change their contribution percentage to the 401(k) plan?
Yes, employees at TreeHouse Foods can change their contribution percentage at any time through the benefits portal.
What investment options are available in the TreeHouse Foods 401(k) plan?
The TreeHouse Foods 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for the matching contributions at TreeHouse Foods?
Yes, TreeHouse Foods has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own those contributions.
How often can TreeHouse Foods employees access their 401(k) account statements?
Employees can access their TreeHouse Foods 401(k) account statements online at any time, with quarterly statements also provided.
Are there any fees associated with the TreeHouse Foods 401(k) plan?
Yes, there may be administrative fees associated with the TreeHouse Foods 401(k) plan, which are disclosed in the plan documents.
Can TreeHouse Foods employees take loans against their 401(k) savings?
Yes, TreeHouse Foods allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.
5. BenefitsPRO, 2017