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 Roper Technologies Employee?

Healthcare Provider Update: Healthcare Provider for Roper Technologies Roper Technologies does not have a single healthcare provider, as employees typically have access to multiple insurance options through their employer-sponsored health plans. These options can include major insurers and health maintenance organizations (HMOs), often chosen based on employee preferences and the benefits provided. Brief on Potential Healthcare Cost Increases in 2026 As Roper Technologies looks toward 2026, its employees may face significantly increased healthcare costs. Premiums for Affordable Care Act (ACA) marketplace plans are projected to rise sharply, with some states experiencing hikes of more than 60%. The expiration of enhanced federal subsidies and rising medical costs are significant factors behind this surge, potentially resulting in out-of-pocket premiums soaring by over 75% for many enrollees. This financial strain creates an urgent need for employees to evaluate their health insurance options early and prepare for the financial implications of these changes. Click here to learn more

Choosing an IRA rollover means that your money remains tax-advantaged and capable of growth, as in a Roper Technologies-sponsored plan. You may also gain more investment options than what may have been available in your Roper Technologies-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 Roper Technologies-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 Roper Technologies should make before rolling over their money into an IRA, these include:

Internal management fees might be higher than in a Roper Technologies-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 Roper Technologies-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 Roper Technologies.

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 Roper Technologies offer to its employees?

Roper Technologies offers a 401(k) retirement savings plan to its employees.

Does Roper Technologies provide a company match for contributions made to the 401(k) plan?

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

At what age can employees of Roper Technologies start participating in the 401(k) plan?

Employees of Roper Technologies can typically start participating in the 401(k) plan as soon as they meet the eligibility requirements, which is usually upon hire.

How can employees of Roper Technologies enroll in the 401(k) plan?

Employees of Roper Technologies can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What investment options are available in the Roper Technologies 401(k) plan?

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

Is there a vesting schedule for the employer match in the Roper Technologies 401(k) plan?

Yes, Roper Technologies has a vesting schedule for the employer match, which means that employees must work for a certain period before they fully own the matched contributions.

Can employees of Roper Technologies take loans against their 401(k) balance?

Yes, Roper Technologies allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.

What happens to the 401(k) plan if an employee leaves Roper Technologies?

If an employee leaves Roper Technologies, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the balance in the Roper Technologies plan if allowed.

Are there any fees associated with the Roper Technologies 401(k) plan?

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

How often can employees of Roper Technologies change their contribution amounts to the 401(k) plan?

Employees of Roper Technologies can typically change their contribution amounts on a quarterly basis or as specified in the plan guidelines.