Healthcare Provider Update: Healthcare Provider for Party City Holdco Party City Holdco employees generally receive healthcare coverage through various major health insurance providers, including large insurers like UnitedHealthcare, Aetna, Anthem, and Cigna. These providers offer a range of plans tailored to meet the needs of employees while also adhering to regulations regarding healthcare coverage. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are anticipated to surge significantly, with many employers projecting a median increase of around 10%. This escalation is primarily driven by spiraling medical expenses, including high-cost specialty prescriptions, and the expiration of enhanced subsidies under the Affordable Care Act (ACA). With certain states facing premium hikes of over 60%, individuals enrolled in the ACA plans may see their out-of-pocket expenses rise sharply, creating financial strain for many, particularly those approaching retirement. Employers and employees alike will need to prepare strategically to navigate these rising costs effectively. Click here to learn more
Preparing for retirement at Party City Holdco 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 Party City Holdco 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 Party City Holdco. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Party City Holdco retirement accounts stand today? Being proactive with your Party City Holdco 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
Featured Video
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
What is the 401(k) plan offered by Party City Holdco?
The 401(k) plan offered by Party City Holdco is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can employees enroll in the 401(k) plan at Party City Holdco?
Employees can enroll in the 401(k) plan at Party City Holdco by completing the enrollment form available through the company's HR portal.
Does Party City Holdco match employee contributions to the 401(k) plan?
Yes, Party City Holdco offers a matching contribution to employee 401(k) plans, helping to enhance retirement savings.
What is the eligibility requirement for Party City Holdco's 401(k) plan?
Employees of Party City Holdco are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.
What types of investments are available in Party City Holdco's 401(k) plan?
Party City Holdco's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees change their contribution percentage to the 401(k) plan at Party City Holdco?
Yes, employees at Party City Holdco can change their contribution percentage at any time, subject to plan rules.
What is the maximum contribution limit for the 401(k) plan at Party City Holdco?
The maximum contribution limit for the 401(k) plan at Party City Holdco is subject to IRS regulations, which may change annually.
Does Party City Holdco offer a Roth 401(k) option?
Yes, Party City Holdco provides employees with the option to contribute to a Roth 401(k), allowing for after-tax contributions.
How often can employees at Party City Holdco make changes to their investment allocations in the 401(k) plan?
Employees at Party City Holdco can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.
What happens to the 401(k) plan if an employee leaves Party City Holdco?
If an employee leaves Party City Holdco, they have several options for their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the current plan.