Healthcare Provider Update: Healthcare Provider Information for Resideo Technologies Resideo Technologies primarily partners with several health insurance providers to offer health benefits to its employees. The exact healthcare providers may vary based on geographic location and specific employee plans; however, many employees utilize plans from major insurers such as UnitedHealthcare, Anthem, and Cigna, as these are prevalent in the market. Potential Healthcare Cost Increases in 2026 In 2026, employees of Resideo Technologies may confront a significant rise in healthcare costs due to a combination of factors. Insurers are requesting premium increases of up to 66% in several states, creating a challenging landscape for many employees relying on Affordable Care Act (ACA) marketplace plans. Coupled with the potential expiration of enhanced federal premium subsidies, nearly 92% of affected policyholders could see their out-of-pocket costs surge by over 75%. This scenario emphasizes the need for employees to review their healthcare options early and align their coverage with anticipated financial needs. Click here to learn more
Preparing for retirement at Resideo Technologies 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 Resideo Technologies 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 Resideo Technologies. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Resideo Technologies retirement accounts stand today? Being proactive with your Resideo Technologies 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 is the 401(k) plan offered by Resideo Technologies?
The 401(k) plan at Resideo Technologies is a retirement savings plan that allows employees to save a portion of their earnings on a tax-deferred basis.
How does Resideo Technologies match employee contributions to the 401(k) plan?
Resideo Technologies offers a company match for employee contributions, which is typically a percentage of the employee's contribution, up to a specified limit.
What are the eligibility requirements to participate in the Resideo Technologies 401(k) plan?
Employees of Resideo Technologies are generally eligible to participate in the 401(k) plan after completing a specific period of service, usually outlined in the employee handbook.
Can employees of Resideo Technologies make changes to their 401(k) contributions?
Yes, employees of Resideo Technologies can change their contribution amounts at any time, subject to specific guidelines set by the plan.
What investment options are available in the Resideo Technologies 401(k) plan?
The Resideo Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for the employer match in the Resideo Technologies 401(k) plan?
Yes, Resideo Technologies has a vesting schedule for the employer match, meaning employees must work for a certain period to fully own the matched contributions.
How can employees of Resideo Technologies access their 401(k) account information?
Employees can access their 401(k) account information through the online portal provided by the plan administrator, which is accessible via the Resideo Technologies employee resources page.
What happens to the 401(k) plan if an employee leaves Resideo Technologies?
If an employee leaves Resideo Technologies, they can choose to roll over their 401(k) balance into another retirement account, cash out, or leave it in the Resideo plan, subject to the plan's rules.
Are loans available from the 401(k) plan at Resideo Technologies?
Yes, Resideo Technologies allows employees to take loans from their 401(k) accounts under certain conditions, as specified in the plan documents.
Can employees of Resideo Technologies withdraw funds from their 401(k) before retirement?
Employees may be able to withdraw funds from their 401(k) before retirement under specific circumstances, such as financial hardship, but penalties may apply.