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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 Valmont Industries: 4 Essential Retirement Strategies to Consider

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Healthcare Provider Update: Healthcare Provider for Valmont Industries Valmont Industries primarily provides health insurance through its employee benefits program, partnering with major national insurers such as UnitedHealthcare and Anthem Blue Cross Blue Shield. These providers offer various plans tailored to the needs of Valmont's workforce, which can include options for medical, dental, and vision coverage. --- Potential Healthcare Cost Increases in 2026 for Valmont Industries As Valmont Industries prepares for 2026, employees should be aware of anticipated increases in healthcare costs. Factors contributing to these hikes include rising medical expenses and significant premium increases within the Affordable Care Act marketplace. With some states projected to see hikes exceeding 60%, many employees could face a substantial uptick in out-of-pocket premiums-potentially exceeding 75% for those enrolled in individual marketplace plans. As employers evolve their benefit structures to manage these cost pressures, understanding these dynamics will be crucial for Valmont employees in navigating their healthcare choices effectively. Click here to learn more

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

Valmont Industries offers a 401(k) retirement savings plan to help employees save for their future.

Does Valmont Industries match employee contributions to the 401(k) plan?

Yes, Valmont Industries provides a matching contribution to employee 401(k) accounts, subject to certain limits.

How can employees at Valmont Industries enroll in the 401(k) plan?

Employees at Valmont Industries can enroll in the 401(k) plan by completing the enrollment process through the company’s benefits portal.

What is the eligibility requirement for Valmont Industries' 401(k) plan?

Employees must be at least 21 years old and have completed a specified period of service to be eligible for Valmont Industries' 401(k) plan.

Can employees at Valmont Industries take loans against their 401(k) savings?

Yes, Valmont Industries allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.

What investment options are available within the Valmont Industries 401(k) plan?

The Valmont Industries 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

How often can employees at Valmont Industries change their 401(k) contribution amounts?

Employees at Valmont Industries can change their 401(k) contribution amounts at any time, typically through the benefits portal.

What is the vesting schedule for the employer match in Valmont Industries' 401(k) plan?

Valmont Industries has a vesting schedule for the employer match, which means employees must work for the company for a certain period to fully own the matched funds.

When can employees at Valmont Industries start withdrawing funds from their 401(k) accounts?

Employees at Valmont Industries can start withdrawing funds from their 401(k) accounts at age 59½, subject to certain conditions.

Are there penalties for early withdrawal from the Valmont Industries 401(k) plan?

Yes, early withdrawals from the Valmont Industries 401(k) plan may incur penalties and taxes, as per IRS regulations.

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For more information you can reach the plan administrator for Valmont Industries at , ; or by calling them at .

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