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Healthcare Provider Update: Expedia Group's Healthcare Provider Expedia Group primarily offers health benefits through a variety of healthcare providers, with specific partnerships often varying by location and employee choices. They typically utilize major insurers such as UnitedHealthcare, Aetna, and others, ensuring a broad range of options for their employees. Such partnerships supply a variety of plans catering to the needs of their diverse workforce. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, Expedia Group employees may face significant healthcare cost increases driven by a perfect storm of factors, including the anticipated expiration of enhanced subsidies under the Affordable Care Act (ACA). With some states projecting premium hikes exceeding 60%, the potential loss of these critical financial supports could result in average out-of-pocket costs spiking by 75% for many individuals. These rising costs are compounded by escalating medical expenses and aggressive rate hikes from major insurers, creating substantial financial challenges for both employees and retirees. As these shifts unfold, proactive healthcare budgeting and strategic planning become essential for employees to navigate the changing landscape effectively. Click here to learn more
Choosing an IRA rollover means that your money remains tax-advantaged and capable of growth, as in a Expedia Group-sponsored plan. You may also gain more investment options than what may have been available in your Expedia Group-sponsored plan. You may also gain oversight of managing these important retirement assets from your trusted Advisor.
If you roll your retirement plan assets over into an IRA account that you already own through your Advisor, you also receive the benefit of combined statements and holistic investment planning, making it easier to track your overall financial situation.
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Some of the benefits of rolling your money into an IRA include:
Tax-deferred growth potential: This generally avoids current income tax and distribution penalties when removed from a Expedia Group-sponsored retirement plan.
More investment choices: This allows for additional contributions, if eligible. IRAs can be combined and handled by one provider, thereby reducing trustee costs and consolidating statements. Protection from creditors in federal bankruptcy proceedings. The combined amount of your required minimum distributions (RMDs) can be taken from any of your Traditional, SEP or SIMPLE IRAs.
However, there are also some important considerations that Expedia Group should make before rolling over their money into an IRA, these include:
- Internal management fees might be higher than in a Expedia Group-sponsored retirement plan.
- Fees and expenses depend largely on the investments you choose.
- Loans from an IRA are not allowed.
- Early distributions may be subject to a 10% IRS tax penalty in addition to income tax.
- RMDs begin April 1 following the year you reach 70½ and annually thereafter; leaving the money in the former Fortune-500 plan may allow RMDs to be delayed until separation from service.
- IRAs are subject to state laws governing malpractice, divorce, creditors (outside of bankruptcy), and other lawsuits; leaving the money in the former Expedia Group-plan may provide additional protection against creditors.
- Net unrealized appreciation (NUA) is the difference between what you paid for employer securities and their increased value. You lose favorable tax treatment of NUA if the funds are rolled into an IRA.
Hopefully, these insights will be helpful as you plan your retirement from Expedia Group.
For more information about this topic, view our e-book here: https://retirekit.theretirementgroup.com/will-your-retirement-plan-retire-with-you-e-brochure-offer
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What type of retirement plan does Expedia Group offer to its employees?
Expedia Group offers a 401(k) retirement savings plan to help employees save for their future.
Does Expedia Group match employee contributions to the 401(k) plan?
Yes, Expedia Group provides a matching contribution to employee 401(k) plans, subject to certain limits.
What is the eligibility criteria for participating in Expedia Group's 401(k) plan?
Employees of Expedia Group are generally eligible to participate in the 401(k) plan after completing a specified period of service.
How can employees at Expedia Group enroll in the 401(k) savings plan?
Employees can enroll in the Expedia Group 401(k) savings plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in Expedia Group's 401(k) plan?
Expedia Group offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Expedia Group take loans against their 401(k) savings?
Yes, Expedia Group allows employees to take loans against their 401(k) savings, subject to the plan's rules and limits.
What is the vesting schedule for employer contributions in Expedia Group's 401(k) plan?
The vesting schedule for employer contributions at Expedia Group typically follows a graded vesting schedule, which employees can review in the plan documents.
How often can employees change their contribution amounts to the 401(k) plan at Expedia Group?
Employees at Expedia Group can change their contribution amounts to the 401(k) plan multiple times throughout the year, as allowed by the plan.
Does Expedia Group offer financial education resources for employees regarding their 401(k) plan?
Yes, Expedia Group provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.
What happens to an employee's 401(k) savings if they leave Expedia Group?
If an employee leaves Expedia Group, they can choose to roll over their 401(k) savings to another retirement account, leave the funds in the current plan, or withdraw the funds, subject to applicable taxes and penalties.
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