Healthcare Provider Update: Offers health insurance, dental, vision, life, and disability coverage, along with Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Employees also receive paid holidays, sick leave, and access to wellness programs and supplemental insurance options like long-term care and pet insurance 1. With ACA premiums projected to rise by 1518% in 2026 and enhanced subsidies set to expire, Clear Channels employer-sponsored benefitsespecially tax-advantaged FSAs and HSAsoffer a more stable and cost-effective alternative to increasingly expensive marketplace plans. Click here to learn more
Preparing for retirement at Clear Channel Outdoor 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 Clear Channel Outdoor 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 Clear Channel Outdoor Holdings. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Clear Channel Outdoor Holdings retirement accounts stand today? Being proactive with your Clear Channel Outdoor 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 savings plan does Clear Channel Outdoor Holdings offer to its employees?
Clear Channel Outdoor Holdings offers a 401(k) retirement savings plan to its employees.
Is Clear Channel Outdoor Holdings' 401(k) plan available to all employees?
Yes, the 401(k) plan at Clear Channel Outdoor Holdings is available to all eligible employees.
Does Clear Channel Outdoor Holdings match employee contributions to the 401(k) plan?
Yes, Clear Channel Outdoor Holdings provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.
What is the maximum contribution limit for the 401(k) plan at Clear Channel Outdoor Holdings?
The maximum contribution limit for the 401(k) plan at Clear Channel Outdoor Holdings is in accordance with IRS guidelines, which may change annually.
Can employees of Clear Channel Outdoor Holdings take loans against their 401(k) savings?
Yes, Clear Channel Outdoor Holdings allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in the Clear Channel Outdoor Holdings 401(k) plan?
The Clear Channel Outdoor Holdings 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
When can employees of Clear Channel Outdoor Holdings start contributing to their 401(k) plan?
Employees of Clear Channel Outdoor Holdings can typically start contributing to their 401(k) plan after completing a specified period of employment.
Does Clear Channel Outdoor Holdings provide educational resources for employees regarding their 401(k) plan?
Yes, Clear Channel Outdoor Holdings offers educational resources and tools to help employees understand their 401(k) plan options.
How can employees of Clear Channel Outdoor Holdings access their 401(k) account information?
Employees can access their 401(k) account information through the online portal provided by Clear Channel Outdoor Holdings' plan administrator.
Are there any fees associated with the 401(k) plan at Clear Channel Outdoor Holdings?
Yes, there may be fees associated with the 401(k) plan at Clear Channel Outdoor Holdings, which are disclosed in the plan documents.