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

Is a Rollover into an IRA the Right Move for You as a Regeneron Pharmaceuticals Employee?

Healthcare Provider Update: Healthcare Provider for Regeneron Pharmaceuticals: Regeneron Pharmaceuticals primarily collaborates with a range of healthcare providers, including hospitals, specialty clinics, and other medical organizations that focus on treating conditions related to its drug portfolio. The company often works with health systems, managed care organizations, and practices that specialize in therapeutic areas such as oncology, ophthalmology, and immunology, with notable partnerships aimed at advancing clinical research and access to its innovative treatments. Potential Healthcare Cost Increases in 2026: As we approach 2026, healthcare costs are projected to surge significantly, largely due to the anticipated expiration of enhanced federal subsidies under the Affordable Care Act and continued inflation in medical expenses. Reports suggest that some states may face premium hikes exceeding 60%, potentially increasing out-of-pocket costs for enrollees by up to 75%. This turbulence stems from a convergence of higher medical costs, substantial drug spending, and a regulatory landscape that pressures insurers to increase rates. Without timely congressional action to renew premium tax credits, many consumers could be priced out of affordable healthcare coverage. Click here to learn more

Choosing an IRA rollover means that your money remains tax-advantaged and capable of growth, as in a Regeneron Pharmaceuticals-sponsored plan. You may also gain more investment options than what may have been available in your Regeneron Pharmaceuticals-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.

'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 Regeneron Pharmaceuticals-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 Regeneron Pharmaceuticals should make before rolling over their money into an IRA, these include:

Internal management fees might be higher than in a Regeneron Pharmaceuticals-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 Regeneron Pharmaceuticals-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 Regeneron Pharmaceuticals.

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 is the 401(k) plan offered by Regeneron Pharmaceuticals?

The 401(k) plan at Regeneron Pharmaceuticals is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can employees of Regeneron Pharmaceuticals enroll in the 401(k) plan?

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

What types of contributions can employees make to the Regeneron Pharmaceuticals 401(k) plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and potentially catch-up contributions if they are eligible.

Does Regeneron Pharmaceuticals offer a company match for the 401(k) contributions?

Yes, Regeneron Pharmaceuticals offers a company match for employee contributions to the 401(k) plan, which helps enhance retirement savings.

What is the vesting schedule for the Regeneron Pharmaceuticals 401(k) company match?

The vesting schedule for the company match in the Regeneron Pharmaceuticals 401(k) plan typically follows a graded vesting schedule, which employees can review in the plan documents.

Can employees take loans against their 401(k) savings at Regeneron Pharmaceuticals?

Yes, Regeneron Pharmaceuticals allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What investment options are available in the Regeneron Pharmaceuticals 401(k) plan?

The Regeneron Pharmaceuticals 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How often can employees change their contribution amounts to the Regeneron Pharmaceuticals 401(k) plan?

Employees can change their contribution amounts to the Regeneron Pharmaceuticals 401(k) plan at any time, subject to the plan's guidelines.

What happens to the 401(k) savings if an employee leaves Regeneron Pharmaceuticals?

If an employee leaves Regeneron Pharmaceuticals, they have several options for their 401(k) savings, including rolling over to another retirement account, cashing out, or leaving the funds in the plan if allowed.

Are there any fees associated with the Regeneron Pharmaceuticals 401(k) plan?

Yes, there may be fees associated with the Regeneron Pharmaceuticals 401(k) plan, including administrative fees and investment-related fees, which are disclosed in the plan documents.