Healthcare Provider Update: Provides health insurance and retirement benefits, with additional support for retirees facing rising medical costs2. As ACA subsidies phase out, Playtika retirees relying on marketplace plans may face steep out-of-pocket increases, making employer-sponsored retiree coverage increasingly valuable. Click here to learn more
Preparing for retirement at Playtika Holding 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 Playtika Holding 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 Playtika Holding. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Playtika Holding retirement accounts stand today? Being proactive with your Playtika Holding 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 Playtika Holding offer to its employees?
Playtika Holding offers a 401(k) retirement savings plan to its employees.
Does Playtika Holding provide any employer matching contributions to the 401(k) plan?
Yes, Playtika Holding offers an employer matching contribution to help employees maximize their retirement savings.
What is the eligibility requirement for employees to participate in Playtika Holding's 401(k) plan?
Employees at Playtika Holding are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.
Can employees of Playtika Holding choose how to invest their 401(k) contributions?
Yes, employees of Playtika Holding can choose from a variety of investment options within the 401(k) plan.
Is there a vesting schedule for employer contributions in Playtika Holding's 401(k) plan?
Yes, Playtika Holding has a vesting schedule that determines how long employees must work to fully own employer contributions.
How can employees at Playtika Holding access their 401(k) account information?
Employees can access their 401(k) account information through the designated online portal provided by Playtika Holding's plan administrator.
What is the maximum contribution limit for employees participating in Playtika Holding's 401(k) plan?
The maximum contribution limit for employees in Playtika Holding's 401(k) plan is determined by IRS guidelines, which may change annually.
Does Playtika Holding allow for loans against the 401(k) balance?
Yes, Playtika Holding allows employees to take loans against their 401(k) balance under certain conditions.
Are there any penalties for early withdrawal from the 401(k) plan at Playtika Holding?
Yes, early withdrawals from Playtika Holding's 401(k) plan may incur penalties as per IRS regulations.
What happens to an employee's 401(k) balance if they leave Playtika Holding?
If an employee leaves Playtika Holding, they can roll over their 401(k) balance to another retirement account or leave it in the Playtika Holding plan, subject to the plan's rules.