Healthcare Provider Update: Healthcare Provider for BrightView Holdings: BrightView Holdings offers its employees access to healthcare solutions through various insurers participating in the Affordable Care Act (ACA) marketplace. As employees explore their options for 2026, a variety of plans will be available that align with their individual healthcare needs. Potential Healthcare Cost Increases in 2026: In 2026, BrightView Holdings employees may face substantial increases in healthcare costs, primarily due to anticipated surges in ACA marketplace premiums. With some insurers indicating rate hikes of over 60%, many employees could see their out-of-pocket expenses dramatically rise, particularly if the enhanced federal subsidies expire. The combination of elevated medical costs, corporate shifts towards cost-sharing, and changes in plan structures may further strain budgets, making it crucial for employees to proactively review benefit options ahead of the new year. Understanding these dynamics can help employees navigate potential challenges in maintaining affordable healthcare access. Click here to learn more
Preparing for retirement at BrightView Holdings 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 BrightView Holdings 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 BrightView Holdings. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your BrightView Holdings retirement accounts stand today? Being proactive with your BrightView Holdings 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 plan does BrightView Holdings offer to its employees?
BrightView Holdings offers a 401(k) retirement savings plan to its employees.
How can employees of BrightView Holdings enroll in the 401(k) plan?
Employees of BrightView Holdings can enroll in the 401(k) plan by completing the online enrollment process through the company’s benefits portal.
Does BrightView Holdings match employee contributions to the 401(k) plan?
Yes, BrightView Holdings provides a matching contribution to the 401(k) plan, subject to certain limits.
What is the maximum employee contribution percentage allowed in the BrightView Holdings 401(k) plan?
Employees of BrightView Holdings can contribute up to 100% of their eligible compensation, subject to the IRS annual contribution limit.
When can employees of BrightView Holdings start contributing to the 401(k) plan?
Employees of BrightView Holdings can start contributing to the 401(k) plan after they have completed their eligibility requirements, typically after 30 days of employment.
Are there any fees associated with the BrightView Holdings 401(k) plan?
Yes, there may be administrative and investment fees associated with the BrightView Holdings 401(k) plan, which will be disclosed in the plan documents.
Can employees of BrightView Holdings take loans against their 401(k) savings?
Yes, the BrightView Holdings 401(k) plan allows employees to take loans against their savings, subject to specific terms and conditions.
What investment options are available in the BrightView Holdings 401(k) plan?
The BrightView Holdings 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can employees change their investment choices in the BrightView Holdings 401(k) plan?
Employees of BrightView Holdings can change their investment choices at any time through the plan's online portal.
What happens to the 401(k) savings if an employee leaves BrightView Holdings?
If an employee leaves BrightView Holdings, they have several options for their 401(k) savings, including rolling over to an IRA or a new employer's plan.