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

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Topgolf Callaway Brands Employees: Navigating the Essentials of Medicare Advantage Plans for Your Retirement Health Needs

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Healthcare Provider Update: Healthcare Provider for Topgolf Callaway Brands Topgolf Callaway Brands partners primarily with UHC (UnitedHealth Group) for employee healthcare coverage. As one of the major players in the insurance market, UHC provides various healthcare plans to Topgolf employees, giving them access to a wide range of medical services and resources. Potential Healthcare Cost Increases in 2026 for Topgolf Callaway Brands As we approach 2026, Topgolf Callaway Brands employees may face significant increases in healthcare costs driven by a combination of factors. Premiums in the ACA marketplace are projected to rise sharply, with some states seeing hikes exceeding 60%. If enhanced federal subsidies are not renewed, 92% of policyholders could potentially see their out-of-pocket premiums surge by over 75%. Consequently, Topgolf employees should prepare for these financial strains by reviewing their health benefits and exploring strategies to mitigate increased expenses effectively. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Topgolf Callaway Brands employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.

What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.

What are the rules?
Medicare pays for a fixed amount of your health care to Topgolf Callaway Brands offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.

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What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.

1. Medicare.gov, 2022

What type of retirement savings plan does Topgolf Callaway Brands offer to its employees?

Topgolf Callaway Brands offers a 401(k) retirement savings plan to its employees.

How can employees of Topgolf Callaway Brands enroll in the 401(k) plan?

Employees of Topgolf Callaway Brands can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Is there a company match for contributions made to the 401(k) plan at Topgolf Callaway Brands?

Yes, Topgolf Callaway Brands provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

What is the minimum contribution percentage required for employees at Topgolf Callaway Brands to receive the company match?

Employees at Topgolf Callaway Brands typically need to contribute at least 3% of their salary to qualify for the company match.

Can employees of Topgolf Callaway Brands choose how their 401(k) contributions are invested?

Yes, employees of Topgolf Callaway Brands can select from a variety of investment options for their 401(k) contributions.

What is the vesting schedule for the company match in the 401(k) plan at Topgolf Callaway Brands?

The vesting schedule for the company match at Topgolf Callaway Brands generally follows a standard schedule, which may vary based on tenure.

Are there any fees associated with the 401(k) plan at Topgolf Callaway Brands?

Yes, there may be administrative fees associated with the 401(k) plan at Topgolf Callaway Brands, which are disclosed in the plan documents.

How often can employees at Topgolf Callaway Brands change their contribution amounts to the 401(k) plan?

Employees at Topgolf Callaway Brands can typically change their contribution amounts on a quarterly basis.

What happens to the 401(k) plan if an employee leaves Topgolf Callaway Brands?

If an employee leaves Topgolf Callaway Brands, they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out.

Does Topgolf Callaway Brands offer educational resources about the 401(k) plan?

Yes, Topgolf Callaway Brands provides educational resources and workshops to help employees understand their 401(k) plan options.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Topgolf Callaway Brands offers a 401(k) plan as part of its retirement benefits for employees. The plan allows eligible employees to contribute a percentage of their income into a tax-advantaged retirement account. For the years 2022, 2023, and 2024, Topgolf Callaway Brands maintained its defined contribution plan in alignment with IRS limits, which included annual contribution limits of $20,500 in 2022, $22,500 in 2023, and $23,000 in 2024, with catch-up contributions of $6,500 for those over 50 in 2022 and 2023, and $7,500 in 2024​ (Wikipedia)​ (Pension Rights Center). The company uses a 401(k) plan to attract and retain employees, offering matching contributions up to a certain percentage, typically around 4%, although exact figures may vary depending on the employee's role and location. Eligible employees can begin contributing to their 401(k) plan upon hire or after a short waiting period, with contributions vesting over a set number of years.
Topgolf Callaway Brands has announced multiple strategic reviews in 2023-2024, including the consideration of spinning off Topgolf to optimize the company's structure and increase shareholder value. In 2023, the company performed solidly in terms of revenue, reporting strong performance in its golf equipment segment and delivering over $4.28 billion in revenue. However, the company is actively considering cost-saving measures, including operational restructuring, that could lead to potential layoffs and benefit adjustments. Additionally, Topgolf Callaway Brands has been adjusting its pension and 401(k) plans, focusing on competitive retirement savings offerings to retain key talent in a challenging economic environment​ (Topgolf Callaway Brands) .
Topgolf Callaway Brands (MODG) offers stock options and Restricted Stock Units (RSUs) as part of its employee compensation strategy. In 2022, the company granted stock options primarily to senior executives and long-term employees. These stock options were issued under the MODG incentive program, aligning compensation with company performance​ (Topgolf Callaway Brands). In 2023, RSUs were expanded across the company to include mid-level managers, allowing broader employee participation in equity ownership. This helps align employee incentives with the company’s success​ (MyGolfSpy). The 2024 plan introduced additional vesting options to retain talent over the long term, targeting specific milestones within the company​ (MarketBeat).
Topgolf Callaway Brands provides a range of health benefits to its employees, focusing on comprehensive insurance packages, wellness programs, and preventive care. Specific healthcare-related terms and acronyms frequently associated with their offerings include PPO (Preferred Provider Organization), HSA (Health Savings Account), and EAP (Employee Assistance Program). Additionally, they offer dental, vision, and mental health services. In 2023 and 2024, Topgolf Callaway Brands emphasized wellness initiatives, including mental health support, reflecting the broader trend in corporate healthcare strategies to integrate wellness with traditional health insurance. The company also made notable adjustments to its healthcare plans, particularly focusing on affordability and accessibility, by expanding telehealth services and preventive care benefits.
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For more information you can reach the plan administrator for Topgolf Callaway Brands at , ; or by calling them at .

https://en.wikipedia.org/wiki/401(k) https://pensionrights.org/resource/retirement-plan-contribution-and-benefit-limits/ https://www.kiplinger.com/taxes/tax-planning/604591/net-unrealized-appreciation-a-hidden-tax-strategy https://carlsoncap.com/articles/nua-net-unrealized-appreciation/ https://www.topgolfcallawaybrands.com/news-releases/news-release-details/topgolf-callaway-brands-release-fourth-quarter-and-full-year https://mygolfspy.com/news-opinion/topgolf-callaway-2023-sales-hit-4-285-billion/ https://www.marketbeat.com/stocks/NYSE/MODG/earnings/#google_vignette https://press.topgolf.com/ https://thegolfnewsnet.com/ https://press.topgolf.com/2021-03-08-Callaway-Golf-Company-Completes-Merger-with-Topgolf-Creating-an-Unrivaled-Global-Leader-in-the-Game-of-Golf https://www.investopedia.com/ https://thegolfnewsnet.com/ryan_ballengee/2024/03/20/topgolf-to-be-spun-off-into-its-own-company-with-callaway-golf-sold-away-report-131894/ https://www.callawaygolf.com/careers https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://golf.com/news/callaways-topgolf-acquisition-working-out/

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