Healthcare Provider Update: Healthcare Provider for Trimble: Trimble provides health insurance through various national insurers that typically include UnitedHealthcare, Anthem, and Cigna. These insurers offer a range of plans that cater to the healthcare needs of Trimble's employees. Potential Healthcare Cost Increases in 2026: In 2026, Trimble employees may face significant increases in their healthcare costs, primarily due to escalating premiums in the ACA marketplace. Some states anticipate hikes exceeding 60%, with nationwide averages reaching around 20%. Contributing factors include the anticipated expiration of federal premium subsidies, coupled with ongoing medical cost inflation driven by rising hospital and drug prices. As a result, a considerable number of employees could see their out-of-pocket expenses rise dramatically, underscoring the importance of careful benefit management and plan selection. 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 Trimble.
1. Mental Benefits
Working during your Trimble 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 Trimble 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 Trimble 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 Trimble.
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- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
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- 401K, Social Security, Pension – How to Maximize Your Options
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- 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 Trimble 401(k) plan?
The Trimble 401(k) plan is a retirement savings plan that allows employees to save for retirement on a tax-deferred basis.
How can I enroll in Trimble's 401(k) plan?
You can enroll in Trimble's 401(k) plan by accessing the employee benefits portal and following the enrollment instructions provided.
Does Trimble offer a company match for the 401(k) contributions?
Yes, Trimble offers a company match for employee contributions to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for Trimble's 401(k) plan?
The maximum contribution limit for Trimble's 401(k) plan is determined by the IRS and can change annually. It is important to check the latest IRS guidelines for the current limit.
When can I start contributing to Trimble's 401(k) plan?
Employees at Trimble can start contributing to the 401(k) plan after completing their eligibility requirements, which are outlined in the plan documents.
Can I change my contribution percentage to Trimble's 401(k) plan?
Yes, you can change your contribution percentage to Trimble's 401(k) plan at any time by accessing the employee benefits portal.
What investment options are available in Trimble's 401(k) plan?
Trimble's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can I make changes to my investment choices in Trimble's 401(k) plan?
You can make changes to your investment choices in Trimble's 401(k) plan at any time, subject to the plan's trading policies.
What happens to my Trimble 401(k) if I leave the company?
If you leave Trimble, you have several options for your 401(k) balance, including rolling it over to another retirement account or leaving it in the Trimble plan if eligible.
Is there a loan option available in Trimble's 401(k) plan?
Yes, Trimble's 401(k) plan may offer a loan option, allowing you to borrow against your account balance under certain conditions.



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5. BenefitsPRO, 2017