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

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

Healthcare Provider Update: Urban Outfitters utilizes Aetna as its primary healthcare provider. Looking ahead to 2026, the landscape of healthcare costs for Urban Outfitters and its employees may experience significant shifts, with anticipated record increases in premiums. The combination of rising medical costs, projected rate hikes averaging around 18% across the Affordable Care Act (ACA) marketplace, and the potential expiration of enhanced federal premium subsidies could lead to some enrollees facing premium increases exceeding 75%. This situation poses challenges as insurers, reporting substantial revenues, balance their profitability with the financial burden placed on consumers. Preparing for these changes in 2025 is crucial for mitigating the impact of soaring healthcare costs. 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 Urban Outfitters.

1. Mental Benefits

Working during your Urban Outfitters 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 Urban Outfitters 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 Urban Outfitters 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 Urban Outfitters.

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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 Urban Outfitters offer to its employees?

Urban Outfitters offers a 401(k) retirement savings plan to its employees.

Does Urban Outfitters match employee contributions to the 401(k) plan?

Yes, Urban Outfitters provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

What is the eligibility requirement for Urban Outfitters employees to participate in the 401(k) plan?

Employees of Urban Outfitters are typically eligible to participate in the 401(k) plan after completing a certain period of service, usually within the first year of employment.

How can Urban Outfitters employees enroll in the 401(k) plan?

Urban Outfitters employees can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

What investment options are available in Urban Outfitters' 401(k) plan?

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

Can Urban Outfitters employees change their contribution percentage to the 401(k) plan?

Yes, Urban Outfitters employees can change their contribution percentage at any time, subject to plan rules.

What is the vesting schedule for Urban Outfitters’ 401(k) company match?

The vesting schedule for Urban Outfitters’ 401(k) company match typically follows a graded vesting schedule, which means employees earn ownership of the match over time.

Are there any fees associated with Urban Outfitters' 401(k) plan?

Yes, Urban Outfitters' 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

How often can Urban Outfitters employees make changes to their investment allocations in the 401(k) plan?

Urban Outfitters employees can generally make changes to their investment allocations on a regular basis, often daily or monthly, depending on the plan provisions.

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

If you leave Urban Outfitters, you have several options for your 401(k), including rolling it over to another retirement account, leaving it with Urban Outfitters, or cashing it out (subject to taxes and penalties).