Healthcare Provider Update: Healthcare Provider for News Corp: News Corp employees typically utilize the health insurance plans provided through the Affordable Care Act (ACA) marketplace, as well as any employer-sponsored health insurance options that may be available. Potential Healthcare Cost Increases in 2026: In 2026, employees at News Corp could face significant increases in healthcare costs as premiums for ACA marketplace plans are predicted to soar. Factors such as rising medical expenses, the potential end of enhanced federal premium subsidies, and aggressive rate hikes from major insurers could result in an average premium increase exceeding 75% for many enrollees. Specifically, some states may witness individual market hikes as high as 66.4%. This combination of factors is set to strain budgets and access to affordable healthcare for many employees. Click here to learn more
Preparing for retirement at News Corp. 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 News Corp. 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 News Corp.. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your News Corp. retirement accounts stand today? Being proactive with your News Corp. 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 News Corp. offer to its employees?
News Corp. offers a 401(k) retirement savings plan to its employees.
Does News Corp. provide matching contributions to its 401(k) plan?
Yes, News Corp. provides matching contributions to eligible employees participating in the 401(k) plan.
How can employees of News Corp. enroll in the 401(k) plan?
Employees of News Corp. can enroll in the 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.
What is the eligibility requirement for News Corp. employees to participate in the 401(k) plan?
Generally, News Corp. employees must be at least 21 years old and have completed a certain period of service to be eligible for the 401(k) plan.
Can News Corp. employees take loans against their 401(k) savings?
Yes, News Corp. allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in the News Corp. 401(k) plan?
The News Corp. 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can News Corp. employees change their 401(k) contribution amounts?
News Corp. employees can change their 401(k) contribution amounts at any time, subject to the plan's guidelines.
Is there a vesting schedule for News Corp.’s matching contributions in the 401(k) plan?
Yes, News Corp. has a vesting schedule for its matching contributions, which means employees must work for a certain period before they fully own the matched funds.
What happens to the 401(k) savings if a News Corp. employee leaves the company?
If a News Corp. employee leaves the company, they can choose to roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the News Corp. plan if eligible.
Does News Corp. offer financial education resources for employees regarding the 401(k) plan?
Yes, News Corp. provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.