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Party City Holdco Employees: Navigating the Financial Implications of Fallen Tree Damage on Your Property

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Healthcare Provider Update: Healthcare Provider for Party City Holdco Party City Holdco employees generally receive healthcare coverage through various major health insurance providers, including large insurers like UnitedHealthcare, Aetna, Anthem, and Cigna. These providers offer a range of plans tailored to meet the needs of employees while also adhering to regulations regarding healthcare coverage. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are anticipated to surge significantly, with many employers projecting a median increase of around 10%. This escalation is primarily driven by spiraling medical expenses, including high-cost specialty prescriptions, and the expiration of enhanced subsidies under the Affordable Care Act (ACA). With certain states facing premium hikes of over 60%, individuals enrolled in the ACA plans may see their out-of-pocket expenses rise sharply, creating financial strain for many, particularly those approaching retirement. Employers and employees alike will need to prepare strategically to navigate these rising costs effectively. Click here to learn more

Are Party City Holdco employees responsible for the damage caused by a tree on their property that hits their neighbor’s home or other insured structure, such as a garage or shed?

In most cases, the answer is “no.”

When such damage occurs to your neighbor’s home due to forces outside your control (e.g., weather events), your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a fallen down tree caused.

There is one exception, however.

If it is determined that the tree damage stems from your negligence (e.g., dead limbs that you refused to cut down, or you chose to trim your tree as a weekend project), then the neighbor’s insurer may come after you to recover their loss—a process called subrogation.¹

You may want to check your policy or speak to your insurance agent to ascertain if your homeowner's policy covers your liability in cases of negligence.

When Neighbors Sue

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Some neighbors may seek to bring legal action against you, though often that is unnecessary.

For those working at Party City Holdco, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.

The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.

What is the 401(k) plan offered by Party City Holdco?

The 401(k) plan offered by Party City Holdco is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can employees enroll in the 401(k) plan at Party City Holdco?

Employees can enroll in the 401(k) plan at Party City Holdco by completing the enrollment form available through the company's HR portal.

Does Party City Holdco match employee contributions to the 401(k) plan?

Yes, Party City Holdco offers a matching contribution to employee 401(k) plans, helping to enhance retirement savings.

What is the eligibility requirement for Party City Holdco's 401(k) plan?

Employees of Party City Holdco are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

What types of investments are available in Party City Holdco's 401(k) plan?

Party City Holdco's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can employees change their contribution percentage to the 401(k) plan at Party City Holdco?

Yes, employees at Party City Holdco can change their contribution percentage at any time, subject to plan rules.

What is the maximum contribution limit for the 401(k) plan at Party City Holdco?

The maximum contribution limit for the 401(k) plan at Party City Holdco is subject to IRS regulations, which may change annually.

Does Party City Holdco offer a Roth 401(k) option?

Yes, Party City Holdco provides employees with the option to contribute to a Roth 401(k), allowing for after-tax contributions.

How often can employees at Party City Holdco make changes to their investment allocations in the 401(k) plan?

Employees at Party City Holdco can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

What happens to the 401(k) plan if an employee leaves Party City Holdco?

If an employee leaves Party City Holdco, they have several options for their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the current plan.

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For more information you can reach the plan administrator for Party City Holdco at , ; or by calling them at .

*Please see disclaimer for more information

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