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

Empowering Women at Wynn Resorts: 4 Essential Retirement Strategies to Consider

Healthcare Provider Update: Healthcare Provider for Wynn Resorts: Wynn Resorts primarily offers health insurance benefits through major insurers including UnitedHealthcare and Anthem Blue Cross Blue Shield. These providers play a significant role in delivering comprehensive healthcare coverage to their employees. Potential Healthcare Cost Increases in 2026: In 2026, Wynn Resorts employees relying on Affordable Care Act (ACA) plans should brace for significant premium hikes, with many states reporting increases exceeding 60%. The confluence of rising medical costs, the likely expiration of enhanced federal premium subsidies, and aggressive rate adjustments by major insurers may lead to out-of-pocket premium increases of over 75% for many enrollees. With the top 10 insurers collectively showcasing record revenues, these escalating costs could impose substantial financial strain on employees and retirees navigating their healthcare choices. Click here to learn more

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

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

Does Wynn Resorts match employee contributions to the 401(k) plan?

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

What is the eligibility requirement for employees to participate in the Wynn Resorts 401(k) plan?

Employees of Wynn Resorts are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

How can employees at Wynn Resorts enroll in the 401(k) plan?

Employees can enroll in the Wynn Resorts 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.

What types of investment options are available in the Wynn Resorts 401(k) plan?

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

Can employees at Wynn Resorts take loans against their 401(k) savings?

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

What is the vesting schedule for employer contributions in the Wynn Resorts 401(k) plan?

The vesting schedule for employer contributions in the Wynn Resorts 401(k) plan typically follows a graded vesting schedule, which employees can review in the plan documents.

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

Yes, there may be administrative fees and investment-related fees associated with the Wynn Resorts 401(k) plan, which are disclosed in the plan materials.

How often can employees at Wynn Resorts change their 401(k) contribution amounts?

Employees at Wynn Resorts can change their 401(k) contribution amounts during designated enrollment periods or as specified in the plan guidelines.

What happens to the 401(k) savings if an employee leaves Wynn Resorts?

If an employee leaves Wynn Resorts, they have several options for their 401(k) savings, including rolling it over to another retirement account, cashing it out, or leaving it in the Wynn Resorts plan if eligible.

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For more information you can reach the plan administrator for Wynn Resorts at 3131 Las Vegas Blvd. S. Las Vegas, NV 89109; or by calling them at 702-770-7555.