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

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Empowering Women at Asbury Automotive Group: 4 Essential Retirement Strategies to Consider

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Healthcare Provider Update: Asbury Automotive Group Healthcare Provider Information Asbury Automotive Group primarily utilizes Aetna as its healthcare provider for employee health benefits. Healthcare Cost Increases in 2026 With the landscape of healthcare evolving, Asbury Automotive Group employees and retirees are poised to face significant challenges as healthcare costs surge in 2026. Projections indicate that many ACA health insurance premiums may rise dramatically, with some states reporting increases exceeding 60%. This alarming trend is largely attributed to the expiration of enhanced federal subsidies and ongoing medical cost inflation. Employees should brace for potential out-of-pocket premiums to increase by over 75%, affecting their financial planning and healthcare access prior to Medicare eligibility. It is crucial for members of the Asbury Automotive Group to proactively evaluate their healthcare strategies and budget accordingly to mitigate the impact of these rising costs. Click here to learn more

Preparing for retirement at Asbury Automotive Group can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.

These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put Asbury Automotive Group employees ahead of the curve.

  •  Talk about money.  Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
  •  Be proactive about your retirement after Asbury Automotive Group.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Asbury Automotive Group retirement accounts stand today? Being proactive with your Asbury Automotive Group retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.
  •  Make room for your future in your budget.  Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.
  • Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.
  •  Transamerica.com, 2021
  •  GAO.gov, 2021

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What type of retirement savings plan does Asbury Automotive Group offer to its employees?

Asbury Automotive Group offers a 401(k) retirement savings plan to its employees.

How can employees of Asbury Automotive Group enroll in the 401(k) plan?

Employees of Asbury Automotive Group can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting their HR representative.

Does Asbury Automotive Group provide matching contributions to the 401(k) plan?

Yes, Asbury Automotive Group provides matching contributions to the 401(k) plan, subject to specific terms and conditions.

What is the maximum contribution limit for the Asbury Automotive Group 401(k) plan?

The maximum contribution limit for the Asbury Automotive Group 401(k) plan is in line with IRS regulations, which may change annually.

Are employees of Asbury Automotive Group eligible to take loans from their 401(k) accounts?

Yes, employees of Asbury Automotive Group may have the option to take loans from their 401(k) accounts, subject to the plan’s rules.

When can employees of Asbury Automotive Group start withdrawing from their 401(k) accounts?

Employees of Asbury Automotive Group can start withdrawing from their 401(k) accounts at age 59½, or earlier under certain circumstances.

What investment options are available in the Asbury Automotive Group 401(k) plan?

The Asbury Automotive Group 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.

Can employees of Asbury Automotive Group change their contribution percentage to the 401(k) plan?

Yes, employees of Asbury Automotive Group can change their contribution percentage at any time, following the guidelines set by the plan.

Does Asbury Automotive Group offer financial education resources for its 401(k) plan participants?

Yes, Asbury Automotive Group provides financial education resources to help employees understand their 401(k) options and investment strategies.

Is there a vesting schedule for the employer match in the Asbury Automotive Group 401(k) plan?

Yes, there is a vesting schedule for the employer match in the Asbury Automotive Group 401(k) plan, which dictates when employees fully own the matched funds.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Asbury Automotive Group has been actively purchasing smaller dealerships and laying off legacy employees, including significant layoffs in their corporate office​ (TheLayoff.com)​.
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For more information you can reach the plan administrator for Asbury Automotive Group at 2905 Premiere Pkwy Suite 300 Duluth, GA 30097; or by calling them at +1 770-418-8200.

*Please see disclaimer for more information

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