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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 TravelCenters of America: 4 Essential Retirement Strategies to Consider

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Healthcare Provider Update: Healthcare Provider for TravelCenters of America TravelCenters of America employees have access to Aetna as their healthcare provider. This partnership typically offers a range of health insurance plans that include medical, dental, and vision coverage, tailored to the needs of their workforce. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, employees of TravelCenters of America should brace for significant healthcare cost increases. Premiums for Affordable Care Act (ACA) marketplace plans are anticipated to surge, with some states experiencing hikes exceeding 60%. This spike is driven by factors such as the potential end of enhanced federal premium subsidies and rising medical costs, including high-priced treatments and hospitalization expenses. Many large employers, including TravelCenters of America, may respond by shifting more costs onto employees, making it crucial for workers to evaluate their healthcare options and manage expenses proactively as these challenges loom. Click here to learn more

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

TravelCenters of America offers a 401(k) retirement savings plan to its employees.

How can employees of TravelCenters of America enroll in the 401(k) plan?

Employees can enroll in the TravelCenters of America 401(k) plan by completing the enrollment form provided during orientation or through the company's benefits portal.

Does TravelCenters of America match employee contributions to the 401(k) plan?

Yes, TravelCenters of America offers a matching contribution to employees who participate in the 401(k) plan, subject to specific terms and conditions.

What is the eligibility requirement for TravelCenters of America employees to participate in the 401(k) plan?

Generally, employees of TravelCenters of America are eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

Can employees of TravelCenters of America take loans against their 401(k) savings?

Yes, TravelCenters of America allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What investment options are available in the TravelCenters of America 401(k) plan?

The TravelCenters of America 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees of TravelCenters of America change their 401(k) contribution amount?

Employees can change their 401(k) contribution amount at any time, subject to the plan's guidelines.

What is the vesting schedule for TravelCenters of America’s 401(k) matching contributions?

The vesting schedule for TravelCenters of America’s 401(k) matching contributions typically follows a graded vesting schedule, which means employees earn ownership of the match over a period of time.

Are there any fees associated with the TravelCenters of America 401(k) plan?

Yes, there may be administrative fees associated with the TravelCenters of America 401(k) plan, which are disclosed in the plan's summary documents.

How can employees of TravelCenters of America access their 401(k) account information?

Employees can access their 401(k) account information through the online benefits portal provided by TravelCenters of America.

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For more information you can reach the plan administrator for TravelCenters of America at , ; or by calling them at .

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