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Essential Considerations for Avantor Employees Contemplating Retirement: What You Need to Know Before Making the Leap

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Healthcare Provider Update: Healthcare Provider for Avantor Avantor, Inc. is a leading global provider of mission-critical products and services primarily serving the biopharma and healthcare sectors, among others. While Avantor operates extensively within these fields, specific details regarding partnership with a healthcare provider are typically not publicly disclosed in standard documents. However, Avantor's contributions to healthcare are primarily through the supply of high-purity materials, advanced technologies, and crucial solutions for bioprocessing and scientific research, indicating that they do engage closely with healthcare providers as part of their operations. Expected Healthcare Cost Increases in 2026 As we look toward 2026, healthcare costs are anticipated to rise dramatically, with projections indicating an average increase of 75% in out-of-pocket premiums for Affordable Care Act (ACA) marketplace enrollees. This surge is due to a convergence of factors, including the expiration of enhanced federal premium subsidies and significant rate hikes from major insurers, with some states seeing requested increases over 60%. The Kaiser Family Foundation has warned that more than 22 million individuals could be affected, facing steep premiums amidst a backdrop of escalating medical costs, requiring consumers to prepare strategically now to mitigate the financial impact in the coming year. Click here to learn more

With all of the changes at Avantor employees need to know what steps to take before leaving. Retiring, or worse, losing your job, is a monumental (for better or for worse) moment in your life. Your mind is racing, your palms are sweating, and you simply just doesn't know how to operate. The loss of a job, especially for those with over 20 years of service, affects the same receptors in the brain as the loss of a loved one. You have been connected with Avantorfor 20 years, and now the relationship is over. Remember to reach out to Avantor HR & Benefits departments for all Avantor summary plan descriptions.

The same five stages of grief apply for a person going through retirement, job loss, or the loss of a loved one. Denial, anger, bargaining, depression, and acceptance are a part of the framework that makes up our learning to get through the lack of employment.

As the reality of the situation settles, your emotions will be a mess. You might feel upset one minute, and annoyed the next, and it can be tempting to vent your frustrations. Remember, acting upon impulse almost never turns out well, and can make a difficult situation even worse.

Here are a few items to check off as you consider leaving Avantor:

1. Sit down and carefully analyze your finances. If you have a spouse or signifigant other, involve them in this process. Avoid doing financial business with friends or family. Money and friendships do not mix.

2. Call your Credit Union or Bank, and consider opening a line of credit against your home equity. Consider opening additional credit cards to create an emergency credit line. As many of you have been employed your whole life, you probably won't think to do this - once you are unemployed, it becomes exceedingly difficult to get credit, making it very important you take this line of action.

3. Go over your 401(k) contributions, if you were making them. Decide whether or not you should increase your contributions for your remaining time on payroll, or cease them entirely to build up more immediate cash. How you proceed may have big tax implications. Depending on when you stop contributing, you may end up in a much higher tax bracket due to your severance payment, unemployment, etc.

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4. It's not always wise to file for unemployment immediately after the loss of a job. Depending on the time of year you are laid off, paired with your financial situation, it could be beneficial to wait to file your claim so that your unemployment payments fall in the next tax year, when your overall income is lower due to the fact that you're unemployed. There are an overwhelming number of situations that you want to consider before making a move on this. We recommend speaking with a Avantor-focused retirement advisor to go over your options.

5. Unless you believe your layoff was deserved, speak to a trusted lawyer to go over your options. Venting your anger at managers and colleagues may feel amazing temporarily, but it will damage your career in the long run. You spent all this time building up your relationships at Avantor why burn them now? Avoid going online even anonymously to berate past Avantor staff & management.

6. Have a plan for how to fill the void on your LinkedIn profile and your resume. If you are pursuing a new job, having a job makes it much easier when finding your next adventure. In the mean time, you might consider becoming a consultant until you find a permanent position. You may also find the ability go go back to Avantor as a contractor working on your terms.

7. Figure out what you will tell your Avantor wcoworkers - create your go-to statement and practice it, so you can say it without becoming too emotional. It will be normal for friends and acquaintances to ask, and we assume you won't want to burst into tears or lash out every time the question is popped. However horrible you feel, it's crucial to remain calm and act professional, and try to avoid doing anything that might hinder your reputation or integrity. Remember to stay professional on social media when discussing Avantor.

What is the 401(k) plan offered by Avantor?

The 401(k) plan at Avantor is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax basis.

How does Avantor match employee contributions to the 401(k) plan?

Avantor offers a company match on employee contributions to the 401(k) plan, typically matching a percentage of the employee's contribution up to a certain limit.

When can employees at Avantor enroll in the 401(k) plan?

Employees at Avantor can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.

What investment options are available in Avantor's 401(k) plan?

Avantor's 401(k) plan provides a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

Is there a vesting schedule for Avantor's 401(k) contributions?

Yes, Avantor has a vesting schedule for company contributions to the 401(k) plan, meaning employees must work for a certain period before they fully own the employer contributions.

Can employees take loans against their 401(k) at Avantor?

Yes, Avantor allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

What happens to my 401(k) if I leave Avantor?

If you leave Avantor, you can choose to roll over your 401(k) balance into another retirement account, leave it in the Avantor plan (if eligible), or cash it out, subject to taxes and penalties.

How can employees at Avantor access their 401(k) account information?

Employees can access their 401(k) account information through the online portal provided by Avantor's plan administrator.

Does Avantor provide financial education regarding the 401(k) plan?

Yes, Avantor offers resources and financial education sessions to help employees understand their 401(k) options and make informed investment decisions.

What is the minimum contribution percentage for the 401(k) plan at Avantor?

The minimum contribution percentage for the 401(k) plan at Avantor is typically set at 1%, but employees are encouraged to contribute more to maximize their retirement savings.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Avantor announced a significant restructuring plan that involves layoffs affecting 5% of its workforce. The company is also changing its pension plan, moving from a defined benefit to a defined contribution model. Additionally, they are modifying their 401(k) matching contributions to align with industry standards.
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For more information you can reach the plan administrator for Avantor at 3477 Corporate Pkwy Center Valley, PA 18034; or by calling them at +1 610-573-2600.

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