Healthcare Provider Update: Ross Stores partners with UnitedHealthcare and other major insurers for employee healthcare plans. In 2026, employees may face significant healthcare cost increases due to a confluence of factors affecting the Affordable Care Act (ACA) marketplace. Premiums are projected to rise sharply, with several states expecting hikes over 60%. The expiration of enhanced federal premiums and rising medical costs are forcing insurers to propose aggressive rate increases, potentially raising out-of-pocket expenses for many Ross Stores employees by nearly 75%. As a result, workers should closely assess their healthcare options and consider the financial implications during the upcoming open enrollment period. Click here to learn more
Preparing for retirement at Ross Stores 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 Ross Stores 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 Ross Stores. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Ross Stores retirement accounts stand today? Being proactive with your Ross Stores 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 Ross Stores offer to its employees?
Ross Stores offers a 401(k) retirement savings plan to its employees.
Does Ross Stores match employee contributions to the 401(k) plan?
Yes, Ross Stores provides a matching contribution to the 401(k) plan, helping employees maximize their retirement savings.
What is the eligibility requirement for Ross Stores employees to participate in the 401(k) plan?
Employees of Ross Stores are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
Can Ross Stores employees choose how much to contribute to their 401(k) plan?
Yes, Ross Stores employees can choose to contribute a percentage of their salary to their 401(k) plan, subject to IRS contribution limits.
Are there any automatic enrollment features in the Ross Stores 401(k) plan?
Yes, Ross Stores may have an automatic enrollment feature that enrolls eligible employees in the 401(k) plan at a default contribution rate unless they opt out.
What investment options are available in the Ross Stores 401(k) plan?
The Ross Stores 401(k) plan typically offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles.
How can Ross Stores employees access their 401(k) account information?
Ross Stores employees can access their 401(k) account information online through the plan's designated website or by contacting the plan administrator.
Does Ross Stores provide educational resources for employees regarding their 401(k) plan?
Yes, Ross Stores offers educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.
What happens to a Ross Stores employee's 401(k) account if they leave the company?
If a Ross Stores employee leaves the company, they can choose to roll over their 401(k) balance to another retirement account, leave it in the Ross Stores plan (if eligible), or withdraw the funds.
Can Ross Stores employees take loans against their 401(k) savings?
Yes, Ross Stores may allow employees to take loans against their 401(k) savings, subject to certain conditions and limits set by the plan.