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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 Insight Enterprises: 4 Essential Retirement Strategies to Consider

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Healthcare Provider Update: Healthcare Provider for Insight Enterprises Insight Enterprises primarily collaborates with major healthcare providers to offer comprehensive health coverage options for their employees. The notable providers interfacing with Insight Enterprises include UnitedHealthcare, Anthem Blue Cross Blue Shield, and Cigna, among others. These partnerships ensure that employees have access to a wide network of services designed to meet their healthcare needs. Potential Healthcare Cost Increases in 2026 As we approach 2026, Insight Enterprises employees may face significantly rising healthcare costs due to projected steep increases in ACA premiums. Many states anticipate premium hikes that could exceed 60%, primarily fueled by the expiration of enhanced federal subsidies and ongoing medical inflation. The Kaiser Family Foundation warns that without these subsidies, nearly 92% of marketplace enrollees could see their out-of-pocket costs soar by over 75%. Consequently, employees must proactively manage their healthcare choices and explore benefits to mitigate the impact of these escalating expenses. Click here to learn more

Preparing for retirement at Insight Enterprises 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 Insight Enterprises 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 Insight Enterprises.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Insight Enterprises retirement accounts stand today? Being proactive with your Insight Enterprises 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 Insight Enterprises offer?

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

How does Insight Enterprises match employee contributions to the 401(k) plan?

Insight Enterprises matches employee contributions up to a certain percentage, typically 50% of the first 6% of salary contributed.

When can employees at Insight Enterprises enroll in the 401(k) plan?

Employees at Insight Enterprises can enroll in the 401(k) plan during the initial onboarding process or during the annual open enrollment period.

What is the vesting schedule for the 401(k) contributions at Insight Enterprises?

Insight Enterprises has a vesting schedule that typically allows employees to become fully vested in company contributions after three years of service.

Are there any fees associated with the 401(k) plan at Insight Enterprises?

Yes, Insight Enterprises' 401(k) plan may have administrative fees, which are disclosed in the plan's summary plan description.

Can employees at Insight Enterprises take loans against their 401(k) savings?

Yes, Insight Enterprises allows employees to take loans against their 401(k) savings, subject to certain terms and conditions.

What investment options are available in the Insight Enterprises 401(k) plan?

The Insight Enterprises 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How can employees at Insight Enterprises change their contribution percentage to the 401(k) plan?

Employees at Insight Enterprises can change their contribution percentage by submitting a request through the employee benefits portal or contacting HR.

Does Insight Enterprises offer financial education resources for employees regarding their 401(k)?

Yes, Insight Enterprises provides financial education resources, including workshops and one-on-one consultations, to help employees understand their 401(k) options.

What happens to my 401(k) if I leave Insight Enterprises?

If you leave Insight Enterprises, you can choose to roll over your 401(k) into another retirement account, cash it out, or leave it in the Insight Enterprises plan if you have a sufficient balance.

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