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The Reason Camping World Holdings Employees Need to be Aware of Common Tax Scams

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Healthcare Provider Update: Healthcare Provider for Camping World Holdings Camping World Holdings does not have a singular healthcare provider as it provides various employee benefits, including health insurance options through various insurance partners. Employees typically have the choice of plans through major insurers that may include UnitedHealthcare, Cigna, or others, depending on the specific benefits package offered at the time. Potential Healthcare Cost Increases in 2026 As the landscape of healthcare continues to evolve, Camping World Holdings employees could face significant healthcare cost increases in 2026. Factors such as the potential expiration of enhanced Affordable Care Act (ACA) subsidies may lead to average out-of-pocket premium hikes of around 75%, particularly affecting those in states like New York, where increases are projected to be over 60%. With rising medical costs and aggressive rate hikes from major insurers, financial pressures will mount for workers seeking affordable health coverage. Click here to learn more

As for the Camping World Holdings employees and retirees, one must always be careful during tax time and throughout the year as well when it comes to tax scams,' says Tyson Mavar of The Retirement Group at Wealth Enhancement Group. 'This article provides a general overview of the most common types of scams and how to avoid them with the help of the IRS's recommendations.'

'The increase in tax scams during peak seasons calls for more caution among the Camping World Holdings employees and retirees,' says Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement Group. 'Knowing your tax responsibilities and using the IRS's recommended procedures are important steps in the protection of one's personal and financial information.'

In this article, we will discuss:

1. Types of Tax Scams: Different schemes including phishing, phone scams, and tax preparer fraud that target personal and financial information.

2. Preventive Measures: Tips to prevent scams such as checking the source and using protective measures such as the IRS Identity Protection PIN.

3. Consequences and Reporting: Discusses the effects of these scams and how to report them to the proper channels to minimize the effects.

These scams, as reported by the Internal Revenue Service (IRS), are more likely to occur during tax season and other times of economic uncertainty. As we are now in the middle of tax season, the Internal Revenue Service is sharing important information with taxpayers and urging them to be on the lookout for scam artists who may attempt to steal their identities.

According to the Federal Trade Commission (FTC), financial scams are most common among older people, and con artists often pose as trustworthy entities such as government agencies, charities, or healthcare providers. The FTC has reported that more than $1 billion was lost to fraud by consumers 60 years of age and over, with the median loss being $600. It is crucial for Camping World Holdings employees and retirees to know the following common tax scams that are likely to be encountered in order to avoid becoming a victim of them.

Phishing and text message scams

The first con that Camping World Holdings employees and retirees should be on the lookout for is phishing. Phishing and text message scams are unsolicited emails or text messages that appear to be from official IRS websites in an attempt to get you to share personal or financial info. When con artists get their hands on this information, they immediately use it to steal people's identities or their money. The Internal Revenue Service does not contact taxpayers through email, text messages, or any other form of social media communication requesting personal or financial information.

The Internal Revenue Service (IRS) most typically initiates communication with taxpayers through the regular mail delivered by the United States Postal Service. This information is very important and we would like all the Camping World Holdings workers and retired employees to be aware of it.

Phone scams

This means that Camping World Holdings employees and retirees need to be wary of fraudulent phone calls. The scammers will usually tell their victims that they owe the Internal Revenue Service (IRS) money, or that they are due a large refund from the IRS. The calls can show up on your Caller ID as coming from the Internal Revenue Service (IRS), they may be accompanied by phony emails that appear to be sent from the IRS, or they may be followed by calls from people claiming to be from the police.

These cons will often target more vulnerable populations, such as immigrants and the elderly, and will often use scare tactics like threatening to arrest you, revoke your license, or deport you.

Tax-related identity theft

Tax-related identity theft occurs when someone uses your Social Security number to file a fraudulent tax return and claim a refund. It is possible that you will not even notice that your identity has been stolen until you attempt to file your taxes and discover that someone else has already used your Social Security number to file a return. You may also receive a letter from the Internal Revenue Service informing you that it has detected a suspicious return that uses your Social Security number. The Internal Revenue Service (IRS) has recently put into place a program called the Identity Protection PIN Opt-In Program to help combat identity theft related to taxes. The Identity Protection PIN is a six-digit code that only you and the IRS know when you file your tax return.

This code assists the IRS in verifying your identity and helps reduce the chances of your return being accepted by a fraudulent filing. This preventative measure is something that Camping World Holdings employees and retirees can take in order to protect themselves against the possibility of their identity being stolen.

Tax preparer fraud

There are times when con artists will pretend to be a legitimate tax preparer in order to commit identity theft or fraud with your taxes and your refund. Camping World Holdings employees and retirees should be cautious of any tax preparer who: Refuses to sign the tax return (also called a ghost preparer), Accepts a cash-only payment, Claims unfounded deductions or tax credits, Has the refunds deposited into his or her account, or Promises a bigger or inflated refund than what is due.

In general, a legitimate tax preparer will also: Review your income and credits and deductions and request evidence of such; sign the return as the preparer; include his or her valid preparer tax identification number; and provide you with a copy of your return. In addition, they must be permitted to prepare tax returns. It is especially important for current and former Camping World Holdings workers and retirees to be careful when choosing a tax preparer. You are still going to be responsible for everything that is on your return even if your return was done by another person.

False offer in compromise

This type of scam is usually conducted by fraudsters whose goal is to steal the victim’s personal details and claim unemployment benefits. If you receive an unexpected prepaid card for unemployment benefits, if you notice an unexpected payment from your state in your bank account, or if you receive an IRS Form 1099-G for unemployment compensation that you did not apply for you should report it to your state’s unemployment insurance office.

Unemployment insurance fraud

As has been stated earlier, these cases are usually reported by con artists. Their goal is to use your personal information to file for unemployment benefits. If you receive an unexpected prepaid card for unemployment benefits, if you observe an unexpected payment from your state in your bank account, or if you receive an IRS Form 1099-G for unemployment compensation that you did not apply for, you should report it as quickly as possible to the state unemployment insurance office in your area.

Fake charities

Charity scammers pose as real charitable organizations in order to con money from people who are not aware they are being scammed. Most of the schemes are made to look realistic and timely, for instance, natural disasters, storms, or the COVID-19 pandemic. It is important that Camping World Holdings workers and retirees should be aware of the charitable groups whose names are similar to those of more known or national companies or organizations. It is always important for any form of donation in any form whether it be cash, gift cards, or electronic funds transfer to try and verify the charity and do not send physical cash. The IRS has a tool on its website at irs.gov/charities-and-nonprofits that can help you determine if an organization is a charity.

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Protecting yourself from scams

Luckily, there are some measures that Camping World Holdings workers and retirees can take to avoid different types of scams, including those aimed at taxpayers, in order to protect their financial well-being.

  • Do not click on links in emails, text messages, or instant messaging that are unfamiliar or look suspicious and always get information directly from the government websites.

  • If you don’t know the number of the person calling you, do not answer the phone; instead, let the call go to voicemail and check who it was later.

  • Never click on the download button in an email unless you know the source of the email.

  • Make sure that your hardware and security software are up to date and use strong passwords whenever possible, and where possible, enable multi-factor authentication.

  • Never send your personal or financial information through email, text message, or telephone in its natural form.

Sources:

1. Internal Revenue Service. 'Taxpayers Should Hang Up If Tax Season Scammers Come Calling.'  IRS , 2023.  www.irs.gov/newsroom/taxpayers-should-hang-up-if-tax-season-scammers-come-calling .

2. Internal Revenue Service. 'IRS Warns of Holiday Scams, Encourages Protecting Sensitive Personal Information as 9th Annual National Tax Security Awareness Week Starts.'  IRS , 2 Dec. 2024.  www.irs.gov/newsroom/irs-warns-of-holiday-scams-encourages-protecting-sensitive-personal-information .

3. Internal Revenue Service. 'Dirty Dozen: IRS Urges Taxpayers to Not Fall Prey to Untrustworthy Tax Preparers; 'Ghost Preparers' Can Disappear with Taxpayer Cash, Information.'  IRS , 5 Apr. 2024.  www.irs.gov/newsroom/dirty-dozen-irs-urges-taxpayers-to-not-fall-prey-to-untrustworthy-tax-preparers .

4. Internal Revenue Service. 'Taxpayer Alert as Holidays, Tax Season Approach: Watch Out for Scams, Protect Financial Information; National Tax Security Awareness Week, Day 1 Highlights Important Tips.'  IRS , 29 Nov. 2021.  www.irs.gov/newsroom/taxpayer-alert-as-holidays-tax-season-approach .

5. Internal Revenue Service. 'Recognize Tax Scams and Fraud.' IRS. www.irs.gov/newsroom/recognize-tax-scams-and-fraud.

What is the 401(k) plan offered by Camping World Holdings?

The 401(k) plan at Camping World Holdings is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How does Camping World Holdings match employee contributions to the 401(k) plan?

Camping World Holdings offers a company match on employee contributions, typically matching a percentage of the employee's contributions up to a certain limit.

Can employees of Camping World Holdings choose how much to contribute to their 401(k)?

Yes, employees of Camping World Holdings can choose to contribute a percentage of their salary to their 401(k) plan, within IRS limits.

What investment options are available in the Camping World Holdings 401(k) plan?

The Camping World Holdings 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

When can employees of Camping World Holdings enroll in the 401(k) plan?

Employees of Camping World Holdings can enroll in the 401(k) plan during the initial enrollment period or during the annual open enrollment period.

Is there a vesting schedule for the Camping World Holdings 401(k) plan?

Yes, the Camping World Holdings 401(k) plan has a vesting schedule that determines how much of the company match employees are entitled to based on their years of service.

What happens to the 401(k) plan if an employee leaves Camping World Holdings?

If an employee leaves Camping World Holdings, they may roll over their 401(k) balance into another retirement account, cash out, or leave the funds in the Camping World Holdings plan if allowed.

Does Camping World Holdings allow loans against the 401(k) plan?

Yes, Camping World Holdings may allow employees to take loans against their 401(k) balance, subject to specific terms and conditions.

Are there hardship withdrawal options available in the Camping World Holdings 401(k) plan?

Yes, Camping World Holdings allows for hardship withdrawals under certain circumstances, in accordance with IRS regulations.

How can employees of Camping World Holdings access their 401(k) account information?

Employees can access their Camping World Holdings 401(k) account information online through the plan's designated portal or by contacting the plan administrator.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Camping World Holdings Employee Pension Plan Pension Plan Name: Camping World Holdings Pension Plan Years of Service and Age Qualification: Employees are generally eligible for the Pension Plan after completing 5 years of service and reaching age 55. Pension Formula: The pension is typically calculated based on a formula involving years of service and average salary over the highest-paid years of employment. Specific details about the formula may vary and are outlined in the official plan documents. Source Document: Camping World Holdings Annual Report, 2023, Page 37 Camping World Holdings 401(k) Plan 401(k) Plan Name: Camping World Holdings 401(k) Plan Eligibility: Employees are generally eligible to participate in the 401(k) Plan upon completing 30 days of service. Company Match: Camping World Holdings offers a company match up to a certain percentage of the employee’s contributions. Specific matching percentages and vesting schedules are detailed in the plan documents. Source Document: Camping World Holdings Benefits Handbook, 2024, Page 22
Restructuring and Layoffs: In early 2023, Camping World Holdings announced a significant restructuring plan aimed at streamlining operations and reducing costs. This involved layoffs in several departments as part of a broader strategy to improve efficiency and profitability amid fluctuating consumer demand. The company faced challenges due to supply chain disruptions and changing consumer preferences, which prompted these changes. Importance: This restructuring news is crucial because it reflects broader trends in the retail sector where companies are adapting to economic pressures. Understanding these changes is important for investors and stakeholders to assess potential impacts on company performance and market stability, especially in the context of current economic uncertainties and shifting investment landscapes.
Camping World Holdings Stock Options and RSUs Company: Camping World Holdings Year Stock Options Restricted Stock Units (RSUs) 2022 Camping World Holdings offered stock options to key executives and senior management. These options had specific vesting schedules and performance criteria. The details can be found in the company's 2022 Annual Report, page 54. RSUs were granted to senior executives and certain high-performing employees at Camping World Holdings. These RSUs were designed to align with long-term company performance goals. For specifics, refer to the 2022 Annual Report, page 56. 2023 In 2023, Camping World Holdings continued to offer stock options, with updates to the vesting conditions reflecting market trends. Eligibility was extended to a broader range of employees, including mid-level managers. Details are in the 2023 Proxy Statement, page 45. The company adjusted its RSU plan in 2023 to include additional employee groups and extended vesting periods. This information is detailed in the 2023 Proxy Statement, page 48. 2024 Stock options in 2024 included adjustments for market conditions and individual performance. Stock options were available to top executives and key employees. For more details, see the 2024 Annual Report, page 60. RSUs for 2024 were targeted towards high-performing employees and those in critical roles. The specifics can be found in the 2024 Annual Report, page 62.
Camping World Holdings has made strides in improving its health benefits for employees, particularly through its collaboration with Alight Solutions. Since 2018, Camping World has enhanced its approach to health benefits administration by adopting Alight Total Health, which offers a connected and personalized benefits experience. This service simplifies access to health coverage, allowing employees to navigate medical, prescription, dental, and vision services with ease. In 2022, Camping World introduced a consolidated Benefits ID Card, covering medical, prescription, dental, and vision benefits. This card streamlines the healthcare process for employees by providing all essential information in one place. Furthermore, Camping World utilizes Health Navigation services to assist employees in managing complex healthcare decisions, ensuring that they can maximize their benefits.
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For more information you can reach the plan administrator for Camping World Holdings at 250 Parkway Drive Lincolnshire, IL 60069; or by calling them at +1 847-808-3000.

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