Healthcare Provider Update: Healthcare Provider for TTEC Holdings: TTEC Holdings partners with various healthcare providers to offer benefits to its employees. While the specific primary healthcare provider may vary based on employee locality and coverage needs, major insurers such as UnitedHealthcare and Cigna are commonly utilized for health insurance plans associated with TTEC Holdings. Healthcare Cost Increases in 2026: In 2026, employees of TTEC Holdings are likely to face significant increases in healthcare costs due to a surge in Affordable Care Act (ACA) premiums, where some states may see hikes exceeding 60%. The anticipated expiration of enhanced federal subsidies coupled with rising medical expenses means that many employees could experience out-of-pocket premiums skyrocketing by over 75%. To minimize the financial impact, TTEC employees should begin evaluating their healthcare options early, considering both marketplace plans and employer-specific offerings, while actively engaging with HR for informed decision-making. Click here to learn more
Preparing for retirement at TTEC Holdings 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 TTEC Holdings 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 TTEC Holdings. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your TTEC Holdings retirement accounts stand today? Being proactive with your TTEC Holdings 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 401(k) plan offered by TTEC Holdings?
The 401(k) plan at TTEC Holdings is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can employees of TTEC Holdings enroll in the 401(k) plan?
Employees of TTEC Holdings can enroll in the 401(k) plan during their initial onboarding process or during the annual open enrollment period.
Does TTEC Holdings offer a matching contribution to the 401(k) plan?
Yes, TTEC Holdings provides a matching contribution to the 401(k) plan to help employees maximize their retirement savings.
What is the vesting schedule for TTEC Holdings' 401(k) matching contributions?
The vesting schedule for TTEC Holdings' matching contributions typically follows a standard schedule, which employees can review in the plan documents.
Can employees of TTEC Holdings take loans against their 401(k) savings?
Yes, TTEC Holdings allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What investment options are available in the TTEC Holdings 401(k) plan?
The TTEC Holdings 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.
Is there an automatic enrollment feature in the TTEC Holdings 401(k) plan?
Yes, TTEC Holdings may have an automatic enrollment feature that enrolls eligible employees in the 401(k) plan unless they opt out.
How can employees of TTEC Holdings change their contribution percentage to the 401(k) plan?
Employees can change their contribution percentage by accessing their account online or by contacting the HR department at TTEC Holdings.
When can employees of TTEC Holdings access their 401(k) funds?
Employees can access their 401(k) funds upon reaching retirement age, or under certain circumstances such as hardship withdrawals or loans.
Are there any fees associated with the TTEC Holdings 401(k) plan?
Yes, there may be fees associated with the TTEC Holdings 401(k) plan, which are disclosed in the plan documents and can vary based on investment choices.