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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Empowering Women at Ryder System: 4 Essential Retirement Strategies to Consider

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Healthcare Provider Update: Healthcare Provider for Ryder System Ryder System primarily partners with major health insurers to provide healthcare benefits to its employees. The specific providers and networks may vary by location and employee plan selection, but generally, companies like UnitedHealthcare, Anthem, and others are typically involved in providing health coverage options for employees. Potential Healthcare Cost Increases in 2026 for Ryder System Employees As healthcare costs escalate in 2026, employees of Ryder System may face increased out-of-pocket expenses due to anticipated changes in their benefit plans. A perfect storm of factors, including a loss of enhanced ACA subsidies, rising medical costs, and significant premium hikes-some states reporting increases over 60%-is likely to push employer-sponsored plan costs higher. With over half of large employers considering adjustments to cost-sharing measures, Ryder System employees are advised to stay informed about benefit changes and actively manage their healthcare plan selections to navigate these financial challenges effectively. Click here to learn more

Preparing for retirement at Ryder System 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 Ryder System 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 Ryder System.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Ryder System retirement accounts stand today? Being proactive with your Ryder System 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 Ryder System offer to its employees?

Ryder System offers a 401(k) retirement savings plan to its employees.

How can employees at Ryder System enroll in the 401(k) plan?

Employees at Ryder System can enroll in the 401(k) plan through the company's benefits portal or by contacting the HR department for assistance.

Does Ryder System match employee contributions to the 401(k) plan?

Yes, Ryder System offers a matching contribution to employees who participate in the 401(k) plan, subject to certain limits.

What is the maximum contribution limit for the Ryder System 401(k) plan?

The maximum contribution limit for the Ryder System 401(k) plan follows the IRS guidelines, which may change annually.

Can employees at Ryder System take loans against their 401(k) savings?

Yes, Ryder System allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in the Ryder System 401(k) plan?

The Ryder System 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 Ryder System's 401(k) matching contributions?

Yes, Ryder System has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the matched funds.

When can employees at Ryder System start withdrawing from their 401(k) plan?

Employees at Ryder System can start withdrawing from their 401(k) plan at age 59½, or under certain circumstances such as financial hardship.

Does Ryder System provide educational resources for employees regarding their 401(k) plan?

Yes, Ryder System provides educational resources and tools to help employees understand and manage their 401(k) plan effectively.

What happens to the 401(k) plan if an employee leaves Ryder System?

If an employee leaves Ryder System, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Ryder System plan if allowed.

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