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Healthcare Provider Update: Offers medical, dental, vision, fertility, and mental health benefits, plus HSAs, FSAs, and wellness incentives 5. As ACA marketplace costs increase, Winnebagos employer contributions and wellness credits help reduce employee healthcare expenses. 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 Winnebago Industries.
1. Mental Benefits
Working during your Winnebago Industries 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 Winnebago Industries 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 Winnebago Industries 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 Winnebago Industries.
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- 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 401(k) plan offered by Winnebago Industries?
The 401(k) plan at Winnebago Industries is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can employees enroll in the 401(k) plan at Winnebago Industries?
Employees can enroll in the Winnebago Industries 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
Does Winnebago Industries match employee contributions to the 401(k) plan?
Yes, Winnebago Industries offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.
What is the maximum contribution limit for the 401(k) plan at Winnebago Industries?
The maximum contribution limit for the 401(k) plan at Winnebago Industries is set according to IRS guidelines, which may change annually.
Can employees take loans against their 401(k) savings at Winnebago Industries?
Yes, Winnebago Industries allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What types of investment options are available in the Winnebago Industries 401(k) plan?
The 401(k) plan at Winnebago Industries offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.
Is there a vesting period for the employer match in the Winnebago Industries 401(k) plan?
Yes, there is typically a vesting period for the employer match in the Winnebago Industries 401(k) plan, which means employees must work for a certain period before they fully own the matched contributions.
How can employees access their 401(k) account information at Winnebago Industries?
Employees can access their 401(k) account information through the online portal provided by Winnebago Industries or by contacting the plan administrator.
What happens to the 401(k) plan if an employee leaves Winnebago Industries?
If an employee leaves Winnebago Industries, they have several options for their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the current plan if allowed.
Can employees change their contribution percentage to the 401(k) plan at Winnebago Industries?
Yes, employees at Winnebago Industries can change their contribution percentage to the 401(k) plan at any time, subject to the plan's rules.
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5. BenefitsPRO, 2017