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Empowering Women at Skechers U.S.A.: 4 Essential Retirement Strategies to Consider

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

Skechers U.S.A. offers a 401(k) retirement savings plan to its employees.

Is there a company match for contributions made to the 401(k) plan at Skechers U.S.A.?

Yes, Skechers U.S.A. provides a company match for eligible employee contributions to the 401(k) plan.

How can employees at Skechers U.S.A. enroll in the 401(k) plan?

Employees at Skechers U.S.A. can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What is the minimum age requirement to participate in the Skechers U.S.A. 401(k) plan?

The minimum age requirement to participate in the Skechers U.S.A. 401(k) plan is 21 years old.

How much can employees contribute to their 401(k) plans at Skechers U.S.A.?

Employees at Skechers U.S.A. can contribute up to the IRS limit for 401(k) contributions, which is adjusted annually.

Does Skechers U.S.A. offer any investment options within the 401(k) plan?

Yes, Skechers U.S.A. offers a variety of investment options within the 401(k) plan, including mutual funds and target-date funds.

Can employees at Skechers U.S.A. take loans against their 401(k) savings?

Yes, Skechers U.S.A. allows employees to take loans against their 401(k) savings under certain conditions.

What happens to the 401(k) plan if an employee leaves Skechers U.S.A.?

If an employee leaves Skechers U.S.A., they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out.

Are there any fees associated with the Skechers U.S.A. 401(k) plan?

Yes, there may be administrative fees associated with the Skechers U.S.A. 401(k) plan, which are disclosed in the plan documents.

How often can employees at Skechers U.S.A. change their contribution amounts to the 401(k) plan?

Employees at Skechers U.S.A. can change their contribution amounts to the 401(k) plan at specified times, typically during open enrollment periods.

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For more information you can reach the plan administrator for Skechers U.S.A. at , ; or by calling them at .

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