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

Empowering Women at Saia: 4 Essential Retirement Strategies to Consider

Healthcare Provider Update: Healthcare Provider for Saia Saia, a leading transportation and logistics company, offers its employees access to health insurance through various providers, primarily utilizing the health plans available in the Affordable Care Act (ACA) marketplace. As of now, specific healthcare providers associated with Saia may vary based on region and employee enrollment, but major insurers such as UnitedHealthcare, Blue Cross Blue Shield, and Cigna are commonly explored options within their offerings. Potential Healthcare Cost Increases in 2026 As we approach 2026, Saia employees should prepare for significant healthcare cost increases. Due to rising medical expenses and anticipated adjustments in benefit structures, many employees may face a greater share of their healthcare costs. The ACA marketplace is expected to see premium hikes averaging around 20%, with some states reporting increases exceeding 60%. These changes signal a crucial need for Saia workers to understand their benefit options, maximize their health savings accounts, and carefully select their insurance plans to mitigate the impact of escalating healthcare expenses in the upcoming year. Click here to learn more

Preparing for retirement at Saia 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 Saia 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 Saia. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Saia retirement accounts stand today? Being proactive with your Saia 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 Saia 401(k) plan?

The Saia 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them build a nest egg for retirement.

How does Saia match employee contributions to the 401(k) plan?

Saia offers a matching contribution to the 401(k) plan, which means that for every dollar an employee contributes, Saia will match a percentage up to a certain limit, enhancing the employee's retirement savings.

When can I enroll in the Saia 401(k) plan?

Employees can enroll in the Saia 401(k) plan during the initial eligibility period, which is typically upon hire, and during open enrollment periods thereafter.

What are the eligibility requirements for the Saia 401(k) plan?

To be eligible for the Saia 401(k) plan, employees generally need to be at least 21 years old and have completed a certain period of service, as defined in the plan documents.

Can I change my contribution rate to the Saia 401(k) plan?

Yes, employees can change their contribution rate to the Saia 401(k) plan at any time, subject to the plan's guidelines and limits.

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

The Saia 401(k) plan offers a variety of investment options, including mutual funds, stocks, bonds, and target-date funds, allowing employees to choose based on their risk tolerance and retirement goals.

Does Saia allow for loans against my 401(k) balance?

Yes, Saia allows employees to take loans against their 401(k) balance under certain conditions, providing a way to access funds for emergencies or significant expenses.

What happens to my Saia 401(k) if I leave the company?

If you leave Saia, you have several options for your 401(k) balance, including rolling it over into an IRA or another employer's 401(k) plan, or cashing it out, though cashing out may incur taxes and penalties.

How can I access my Saia 401(k) account information?

Employees can access their Saia 401(k) account information through the plan's online portal or by contacting the plan administrator for assistance.

Are there any fees associated with the Saia 401(k) plan?

Yes, there may be administrative fees and investment fees associated with the Saia 401(k) plan, which are disclosed in the plan documents and can vary based on the investment options selected.