Healthcare Provider Update: Healthcare Provider for Crown Holdings Crown Holdings does not directly provide its own health insurance. Instead, it offers health insurance coverage to its employees through major national insurers such as UnitedHealthcare and Anthem Blue Cross Blue Shield, which are likely candidates given their prominence in corporate healthcare plans. Brief Overview of Potential Healthcare Cost Increases in 2026 As we approach 2026, Crown Holdings faces challenges with rising healthcare costs. Estimated health insurance premiums for plans under the Affordable Care Act (ACA) are projected to surge, with some states experiencing hikes exceeding 60%. This dramatic increase, coupled with the potential expiration of enhanced federal premium subsidies, could lead to out-of-pocket costs skyrocketing for about 92% of marketplace enrollees, including those associated with Crown Holdings. Employees are encouraged to review their benefit options early and strategize to mitigate impending financial pressures in light of these escalating costs. Click here to learn more
Preparing for retirement at Crown 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 Crown 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 Crown Holdings. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Crown Holdings retirement accounts stand today? Being proactive with your Crown 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 Crown Holdings offer to its employees?
Crown Holdings offers a 401(k) retirement savings plan to its employees.
Does Crown Holdings provide a company match for contributions made to the 401(k) plan?
Yes, Crown Holdings provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
What is the eligibility requirement to participate in Crown Holdings' 401(k) plan?
Employees of Crown Holdings are typically eligible to participate in the 401(k) plan after completing a specified period of service.
How can Crown Holdings employees enroll in the 401(k) plan?
Crown Holdings employees can enroll in the 401(k) plan through the company's HR portal or by contacting the HR department for guidance.
What investment options are available in Crown Holdings' 401(k) plan?
Crown Holdings offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.
Are there any fees associated with Crown Holdings' 401(k) plan?
Yes, there may be fees associated with managing the 401(k) plan at Crown Holdings, which are disclosed in the plan documents.
Can Crown Holdings employees take loans against their 401(k) savings?
Yes, Crown Holdings allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What happens to my Crown Holdings 401(k) if I leave the company?
If you leave Crown Holdings, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in the Crown Holdings plan if permitted.
Does Crown Holdings offer hardship withdrawals from the 401(k) plan?
Yes, Crown Holdings allows hardship withdrawals under certain circumstances as defined by the IRS and the plan rules.
How often can Crown Holdings employees change their contribution amounts to the 401(k) plan?
Crown Holdings employees can typically change their contribution amounts on a quarterly basis or as specified in the plan guidelines.