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Essential Steps for Lululemon athletica Employees: Planning for the Future of a Child with Disabilities

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Healthcare Provider Update: Healthcare Provider for Lululemon Athletica: Lululemon Athletica currently offers its employees health insurance coverage through a partnership with major national insurers in the marketplace. Primarily, employees can utilize the Affordable Care Act (ACA) marketplace for health insurance needs, which allows them to compare options and select a plan that best fits their circumstances. Potential Healthcare Cost Increases in 2026: As we anticipate the landscape of healthcare costs in 2026, significant increases in health insurance premiums are projected, with some states facing hikes above 60%. This sharp rise is attributed to a perfect storm of factors, including the potential expiration of enhanced federal premium subsidies and escalating medical costs. For Lululemon Athletica employees utilizing ACA coverage, these changes could result in out-of-pocket premiums skyrocketing-some enrollees could see cost increases exceeding 75%. It's essential for employees to prepare for these changes by exploring their options early and coordinating with human resources to navigate potential financial impacts effectively. Click here to learn more

Parents employed in Lululemon athletica may relate to how raising a child is expensive and can cost a quarter of a million dollars, not including college. For a child with special needs, that cost can more than double.1 If you’re the parent of a special needs child, it’s vital to ensure your child will continue to be provided for after you’re gone. It can be difficult to contemplate, but with patience, love, and perseverance, a long-term strategy is attainable and can help bring some peace of mind.


Envisioning a Life Without You

Just as every child with special needs is unique, so too are the challenges facing their families when planning for the long term. As an employee of Lululemon athletica, you must think about the potential needs of your child. Will they require daily custodial care? Ongoing medical treatments? Will your child live alone or in a group home? Can family members assume some of the care? Answers to these and other questions can help form the vision of what may need to be done to plan for your child’s care.

Planning Your Estate

Without proper planning, your child’s lifetime needs can quickly outstrip your funds. With that under consideration, those in Lululemon athletica may want to consider government benefits, such as Supplemental Security Income (SSI) and Medicaid, which your child may qualify for depending on their situation. Because such government programs have low-asset thresholds for qualification, you may want to consider whether to make property transfers to your special needs child.

As an employee of Lululemon athletica, you should also make sure you have an up-to-date will that reflects your wishes. Consider creating a special needs trust, the assets of which can be structured to fund your child’s care without disqualifying them from government assistance.2


Involve the Family

All affected family members should be involved in the decision-making process. If at all possible, it’s best to have a united front of surviving family members to care for your child after you’ve passed on.

Identify a Caregiver

In order for a caregiver to make financial and health care decisions after your child reaches adulthood, the caregiver must be appointed as a guardian. Those in Lululemon athletica may want to consider how this can take time, so start setting this in motion as soon as you can amidst your busy work schedule.

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To do this, you can write a “Letter of Intent” to the caregiver and family to express your wishes along with information about your child’s care. Lululemon athletica parents must acknowledge that although this isn’t a legal document, it may help to communicate your desires. Store this letter alongside your will, in a safe place.

Lululemon athletica parents must understand that planning for a child with special needs can be complicated and overwhelming, but you don’t have to do it alone. Working with loved ones and qualified professionals can help you navigate the various facets of this challenge. If we can help, please don’t hesitate to reach out.

1. Policygenius, 2019
2. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.

What type of retirement savings plan does Lululemon athletica offer to its employees?

Lululemon athletica offers a 401(k) retirement savings plan to help employees save for their future.

Does Lululemon athletica match employee contributions to the 401(k) plan?

Yes, Lululemon athletica provides a matching contribution to employee 401(k) accounts, subject to certain eligibility criteria.

What is the eligibility requirement to participate in Lululemon athletica's 401(k) plan?

Employees of Lululemon athletica are typically eligible to participate in the 401(k) plan after completing a specific period of service, which is outlined in the employee handbook.

Can employees of Lululemon athletica choose how to invest their 401(k) contributions?

Yes, employees at Lululemon athletica can choose from a variety of investment options to allocate their 401(k) contributions according to their financial goals.

How often can employees change their contribution amounts to the Lululemon athletica 401(k) plan?

Employees can change their contribution amounts to the Lululemon athletica 401(k) plan on a regular basis, typically during open enrollment periods or as allowed by the plan.

What is the vesting schedule for Lululemon athletica's 401(k) matching contributions?

The vesting schedule for Lululemon athletica's 401(k) matching contributions may vary, and employees should refer to the plan document for specific details.

Can employees take loans against their 401(k) savings at Lululemon athletica?

Yes, Lululemon athletica allows employees to take loans against their 401(k) savings, subject to the terms and conditions set forth in the plan.

What happens to my 401(k) account if I leave Lululemon athletica?

If you leave Lululemon athletica, you have several options for your 401(k) account, including cashing out, rolling it over to another retirement account, or leaving it in the plan if permitted.

Is there an automatic enrollment feature in Lululemon athletica's 401(k) plan?

Yes, Lululemon athletica may offer an automatic enrollment feature for new employees, which enrolls them in the 401(k) plan unless they choose to opt out.

What is the maximum contribution limit for Lululemon athletica's 401(k) plan?

The maximum contribution limit for Lululemon athletica's 401(k) plan is set by the IRS and may change annually; employees should check the latest guidelines for specifics.

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

*Please see disclaimer for more information

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