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

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

Healthcare Provider Update: Healthcare Provider for GameStop GameStop utilizes a range of healthcare providers, largely dependent on the insurance options available through their employee benefits program. The leading provider for GameStop's health insurance plans is typically UnitedHealthcare, which offers coverage options under the Affordable Care Act (ACA) framework. This partnership allows GameStop employees and their families to access a variety of health services in their locale. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs are projected to rise significantly, influenced by a confluence of factors that may impact employees at companies like GameStop. Insurance premiums for Affordable Care Act marketplace plans are expected to soar, with some states seeing increases surpassing 60%. The looming expiration of enhanced federal premium subsidies could push out-of-pocket expenses for most enrollees up more than 75%, making the financial landscape for healthcare increasingly daunting. Coupled with rising medical costs attributed to both inflation in healthcare services and the proliferation of high-priced drugs, employees may face steeper healthcare bills if proactive measures are not taken to mitigate these costs before the changes take effect. 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 GameStop 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 GameStop 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 GameStop employees who already put money away for college, the worksheet will take that amount into consideration. For GameStop 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 GameStop employees to consider reviewing:

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

Featured Video

Articles you may find interesting:

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

Estimating the Cost of College

Estimating the Cost of College

What is the primary purpose of GameStop's 401(k) plan?

The primary purpose of GameStop's 401(k) plan is to help employees save for retirement by allowing them to contribute a portion of their salary to a tax-advantaged account.

How can GameStop employees enroll in the 401(k) plan?

GameStop employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Does GameStop offer a company match for 401(k) contributions?

Yes, GameStop offers a company match for 401(k) contributions, which helps employees grow their retirement savings.

What types of investment options are available in GameStop's 401(k) plan?

GameStop's 401(k) plan typically offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

When can GameStop employees start contributing to their 401(k) plan?

GameStop employees can start contributing to their 401(k) plan after they have completed the eligibility requirements set by the company.

Is there a minimum contribution requirement for GameStop's 401(k) plan?

Yes, GameStop may have a minimum contribution requirement, which employees should check in the plan documents or with HR.

Can GameStop employees take loans against their 401(k) savings?

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

What happens to GameStop employees' 401(k) accounts if they leave the company?

If GameStop employees leave the company, they can choose to roll over their 401(k) account to a new employer's plan, an IRA, or cash out their balance, subject to taxes and penalties.

Are there any fees associated with GameStop's 401(k) plan?

Yes, GameStop's 401(k) plan may have administrative fees, investment fees, and other costs that employees should review in the plan documents.

How often can GameStop employees change their contribution amounts?

GameStop employees can typically change their contribution amounts during open enrollment periods or at designated times throughout the year.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

GameStop provides its employees with both a 401(k) plan and a defined contribution pension plan. These retirement benefits are designed to help employees secure a steady income after their career. GameStop's 401(k) plan, known as the GameStop Corp. Employees' Savings Plan, allows employees to contribute a portion of their earnings to their retirement savings. GameStop offers matching contributions to encourage employee participation, typically matching 100% for the first 3% contributed and 50% for the next 2%, though specifics may vary slightly by year. For the years 2022, 2023, and 2024, the contribution limits set by the IRS have increased, with employees allowed to contribute up to $22,500 in 2023 and $23,000 in 2024. Catch-up contributions for those aged 50 and older are an additional $7,500 annually. This plan provides flexible investment options and allows for rollover of funds into new plans if employees leave the company (Smart 40K Plus) (PayScale). GameStop's defined contribution pension plan works by allowing the company to make contributions to individual employee accounts, which are invested in a selection of funds chosen by the employee. Over time, this fund grows based on contributions and market performance. The plan does not specify a fixed benefit at retirement; instead, the payout depends on the investment performance. In 2022, the average account value for employees participating in the GameStop Corp. Employees' Savings Plan was $11,942

Restructuring and Layoffs: In early 2024, GameStop announced a major restructuring plan aimed at streamlining operations and reducing costs. This included the closure of several underperforming stores and a significant reduction in workforce. The company cited the need to adapt to changing retail environments and improve profitability as key reasons for these actions. Analysts point out that GameStop’s move is part of a broader trend of retailers adjusting their business models in response to economic uncertainties and shifts in consumer behavior. This restructuring is particularly relevant given the current economic climate, which is marked by inflation and shifts in consumer spending patterns.

2022: RSUs were granted to senior management and high-potential employees to retain top talent and incentivize performance. Vesting periods typically ranged from one to four years. Source: GameStop 2022 Annual Report, Page 46. 2023: GameStop adjusted its RSU program to reflect changes in executive compensation practices and market conditions. RSUs were granted with performance-based vesting conditions. Source: GameStop 2023 Proxy Statement, Page 35. 2024: The RSU program for 2024 includes modifications to align with strategic goals and market trends, with enhanced focus on performance metrics. Eligibility remains concentrated on key personnel and executives. Source: GameStop 2024 SEC Filing, Page 53. Specific Company Stock Options and RSUs:

Visit GameStop’s official website and look for their “Careers” or “Benefits” section. Check if they have any recent press releases or updates regarding employee health benefits. Employee Review Websites: Glassdoor: Look up GameStop’s page on Glassdoor to see employee reviews about benefits. Indeed: Search for GameStop and check the “Benefits” section for employee comments. Business News Websites: Forbes: Search for articles related to GameStop and employee benefits. Business Insider: Look for any recent news affecting GameStop's health benefits. Industry News Sources: HR Dive: This site often covers updates on employee benefits and health care trends. SHRM (Society for Human Resource Management): Look for articles on changes in health benefits in retail or GameStop specifically. Government or Legal Websites: U.S. Department of Labor: Check if there are any filings or notices related to employee benefits for GameStop. IRS: Search for any relevant information on health benefits regulations that might affect GameStop. Specific Healthcare-Related Terms and Acronyms: HMO (Health Maintenance Organization) PPO (Preferred Provider Organization) EPO (Exclusive Provider Organization) HDHP (High Deductible Health Plan) FSA (Flexible Spending Account) HSA (Health Savings Account) COBRA (Consolidated Omnibus Budget Reconciliation Act) EAP (Employee Assistance Program) Recent Employee Healthcare News for GameStop: Look for any recent changes in their health benefits plans, such as increased premiums, changes in coverage, or new wellness programs. Check if there have been any major lawsuits or regulatory changes affecting their health benefits. Look for any company announcements about improving or reducing benefits. You can use these sources and terms to get a comprehensive view of GameStop’s employee health benefits for the years 2022, 2023, or 2024. If you need a detailed summary of specific findings, let me know!