Healthcare Provider Update: Ross Stores partners with UnitedHealthcare and other major insurers for employee healthcare plans. In 2026, employees may face significant healthcare cost increases due to a confluence of factors affecting the Affordable Care Act (ACA) marketplace. Premiums are projected to rise sharply, with several states expecting hikes over 60%. The expiration of enhanced federal premiums and rising medical costs are forcing insurers to propose aggressive rate increases, potentially raising out-of-pocket expenses for many Ross Stores employees by nearly 75%. As a result, workers should closely assess their healthcare options and consider the financial implications during the upcoming open enrollment period. 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 Ross Stores 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 Ross Stores 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 Ross Stores employees who already put money away for college, the worksheet will take that amount into consideration. For Ross Stores 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 Ross Stores 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
What type of retirement savings plan does Ross Stores offer to its employees?
Ross Stores offers a 401(k) retirement savings plan to its employees.
Does Ross Stores match employee contributions to the 401(k) plan?
Yes, Ross Stores provides a matching contribution to the 401(k) plan, helping employees maximize their retirement savings.
What is the eligibility requirement for Ross Stores employees to participate in the 401(k) plan?
Employees of Ross Stores are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
Can Ross Stores employees choose how much to contribute to their 401(k) plan?
Yes, Ross Stores employees can choose to contribute a percentage of their salary to their 401(k) plan, subject to IRS contribution limits.
Are there any automatic enrollment features in the Ross Stores 401(k) plan?
Yes, Ross Stores may have an automatic enrollment feature that enrolls eligible employees in the 401(k) plan at a default contribution rate unless they opt out.
What investment options are available in the Ross Stores 401(k) plan?
The Ross Stores 401(k) plan typically offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles.
How can Ross Stores employees access their 401(k) account information?
Ross Stores employees can access their 401(k) account information online through the plan's designated website or by contacting the plan administrator.
Does Ross Stores provide educational resources for employees regarding their 401(k) plan?
Yes, Ross Stores offers educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.
What happens to a Ross Stores employee's 401(k) account if they leave the company?
If a Ross Stores employee leaves the company, they can choose to roll over their 401(k) balance to another retirement account, leave it in the Ross Stores plan (if eligible), or withdraw the funds.
Can Ross Stores employees take loans against their 401(k) savings?
Yes, Ross Stores may allow employees to take loans against their 401(k) savings, subject to certain conditions and limits set by the plan.