Healthcare Provider Update: Healthcare Provider for Motorola Solutions Motorola Solutions typically provides its employees with healthcare benefits through major national insurers, including UnitedHealthcare and Anthem. These providers are known for offering comprehensive health plans that include medical, dental, and vision coverage, aligning with the company's commitment to employee wellness. Potential Healthcare Cost Increases in 2026 As the Affordable Care Act (ACA) marketplace braces for record premium hikes in 2026, Motorola Solutions faces potential challenges in managing healthcare costs for its employees. With states like New York reporting increases over 60% and the possibility of enhanced federal subsidies expiring, many individuals could see their out-of-pocket premiums jump by more than 75%. This perfect storm of rising medical expenses and aggressive insurer rate hikes may significantly affect employee health costs, compelling the company to consider strategic adjustments in its benefits offerings to maintain workforce health and satisfaction. Click here to learn more
Preparing for retirement at Motorola Solutions 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 Motorola Solutions 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 Motorola Solutions. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Motorola Solutions retirement accounts stand today? Being proactive with your Motorola Solutions 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 types of retirement savings plans does Motorola Solutions offer to its employees?
Motorola Solutions offers a 401(k) retirement savings plan to help employees save for their future.
How does Motorola Solutions match employee contributions to the 401(k) plan?
Motorola Solutions provides a company match on employee contributions, which helps enhance the overall savings for retirement.
What is the maximum contribution limit for the Motorola Solutions 401(k) plan?
The maximum contribution limit for the Motorola Solutions 401(k) plan is determined by IRS guidelines, which can change annually.
Can employees of Motorola Solutions choose how their 401(k) contributions are invested?
Yes, employees of Motorola Solutions can choose from a variety of investment options to allocate their 401(k) contributions based on their individual risk tolerance and retirement goals.
Is there a vesting schedule for the Motorola Solutions 401(k) match?
Yes, Motorola Solutions has a vesting schedule for the company match, which means employees must work for a certain period before they fully own the matched contributions.
How can Motorola Solutions employees access their 401(k) account information?
Employees can access their 401(k) account information through the Motorola Solutions employee portal or by contacting the plan administrator.
What happens to my Motorola Solutions 401(k) if I leave the company?
If you leave Motorola Solutions, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Motorola Solutions plan if eligible.
Are there any fees associated with the Motorola Solutions 401(k) plan?
Yes, there may be fees associated with the Motorola Solutions 401(k) plan, which can include administrative fees and investment-related fees. Employees can review the plan documents for detailed information.
Does Motorola Solutions offer any educational resources for employees regarding retirement planning?
Yes, Motorola Solutions provides educational resources and workshops to help employees understand retirement planning and make informed decisions about their 401(k) savings.
Can Motorola Solutions employees take loans against their 401(k) savings?
Yes, Motorola Solutions allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.