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

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

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Healthcare Provider Update: Healthcare Provider for Silgan Holdings Silgan Holdings does not have a specific healthcare provider listed; however, employees typically access health insurance benefits through a range of options offered in partnership with various insurers, including larger players in the healthcare market. Brief Overview of Potential Healthcare Cost Increases in 2026 As 2026 approaches, healthcare costs are expected to surge significantly for employees of Silgan Holdings. Anticipated changes in the Affordable Care Act (ACA) marketplace, coupled with increased medical expenses, are likely to result in premium hikes that could exceed 60% in some states. A combination of the expiration of enhanced federal subsidies and soaring costs for medical services-driven by factors such as the rising prices of medications and hospital care-means that many employees could face sharp increases in their out-of-pocket expenses. To mitigate these impacts, it may be essential for employees to familiarize themselves with upcoming benefit changes and explore strategic options for managing their healthcare expenditures. 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 Silgan 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 Silgan 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 Silgan Holdings employees who already put money away for college, the worksheet will take that amount into consideration. For Silgan 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 Silgan 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 Silgan Holdings offer to its employees?

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

How can employees at Silgan Holdings enroll in the 401(k) plan?

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

Does Silgan Holdings provide a company match for 401(k) contributions?

Yes, Silgan Holdings provides a company match for employee contributions to the 401(k) plan, up to a certain percentage.

What is the maximum contribution limit for the Silgan Holdings 401(k) plan?

The maximum contribution limit for the Silgan Holdings 401(k) plan is in accordance with IRS guidelines, which may change annually.

Can employees at Silgan Holdings take loans against their 401(k) savings?

Yes, employees at Silgan Holdings may have the option to take loans against their 401(k) savings, subject to the plan's terms.

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

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

How often can employees at Silgan Holdings change their 401(k) contribution amounts?

Employees at Silgan Holdings can change their 401(k) contribution amounts at any time, subject to the plan's rules.

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

If an employee leaves Silgan Holdings, they can roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the Silgan Holdings plan, depending on the plan's provisions.

Is there a vesting schedule for the company match in the Silgan Holdings 401(k) plan?

Yes, Silgan Holdings has a vesting schedule for the company match, which determines when employees fully own the matched contributions.

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

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

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For more information you can reach the plan administrator for Silgan Holdings at , ; or by calling them at .

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