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

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BrightView Holdings Employees: Navigating the Rising Costs of College Tuition for Your Family

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Healthcare Provider Update: Healthcare Provider for BrightView Holdings: BrightView Holdings offers its employees access to healthcare solutions through various insurers participating in the Affordable Care Act (ACA) marketplace. As employees explore their options for 2026, a variety of plans will be available that align with their individual healthcare needs. Potential Healthcare Cost Increases in 2026: In 2026, BrightView Holdings employees may face substantial increases in healthcare costs, primarily due to anticipated surges in ACA marketplace premiums. With some insurers indicating rate hikes of over 60%, many employees could see their out-of-pocket expenses dramatically rise, particularly if the enhanced federal subsidies expire. The combination of elevated medical costs, corporate shifts towards cost-sharing, and changes in plan structures may further strain budgets, making it crucial for employees to proactively review benefit options ahead of the new year. Understanding these dynamics can help employees navigate potential challenges in maintaining affordable healthcare access. Click here to learn more

It doesn’t take a degree in finance to see the cost of college continues to rise.

In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.

For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our BrightView Holdings clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.

For BrightView Holdings employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.

For BrightView Holdings employees who already put money away for college, the worksheet will take that amount into consideration. For BrightView Holdings employees who haven’t, it’s never too late to start.

Resources


There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these BrightView Holdings employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.

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www.collegeboard.org
The group that administers the SAT test.

Estimating the Cost of College

Estimating the Cost of College

Estimating the Cost of College

What type of retirement plan does BrightView Holdings offer to its employees?

BrightView Holdings offers a 401(k) retirement savings plan to its employees.

How can employees of BrightView Holdings enroll in the 401(k) plan?

Employees of BrightView Holdings can enroll in the 401(k) plan by completing the online enrollment process through the company’s benefits portal.

Does BrightView Holdings match employee contributions to the 401(k) plan?

Yes, BrightView Holdings provides a matching contribution to the 401(k) plan, subject to certain limits.

What is the maximum employee contribution percentage allowed in the BrightView Holdings 401(k) plan?

Employees of BrightView Holdings can contribute up to 100% of their eligible compensation, subject to the IRS annual contribution limit.

When can employees of BrightView Holdings start contributing to the 401(k) plan?

Employees of BrightView Holdings can start contributing to the 401(k) plan after they have completed their eligibility requirements, typically after 30 days of employment.

Are there any fees associated with the BrightView Holdings 401(k) plan?

Yes, there may be administrative and investment fees associated with the BrightView Holdings 401(k) plan, which will be disclosed in the plan documents.

Can employees of BrightView Holdings take loans against their 401(k) savings?

Yes, the BrightView Holdings 401(k) plan allows employees to take loans against their savings, subject to specific terms and conditions.

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

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

How often can employees change their investment choices in the BrightView Holdings 401(k) plan?

Employees of BrightView Holdings can change their investment choices at any time through the plan's online portal.

What happens to the 401(k) savings if an employee leaves BrightView Holdings?

If an employee leaves BrightView Holdings, they have several options for their 401(k) savings, including rolling over to an IRA or a new employer's plan.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
BrightView Holdings recently announced a restructuring plan aimed at reducing costs and streamlining operations. This plan includes significant layoffs across various departments and potential changes to employee benefits and retirement plans.
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For more information you can reach the plan administrator for BrightView Holdings at 980 North Federal Highway, Suite 400 Boca Raton, FL 33432; or by calling them at +1 855-222-5640.

*Please see disclaimer for more information

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