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How Dycom Industries Employees Can Get 'Unstuck' and Enjoy Their Wealth

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Healthcare Provider Update: Healthcare Provider for Dycom Industries Dycom Industries primarily provides healthcare coverage to its employees through major insurers; however, specific details about their contracted healthcare provider are typically not publicly disclosed. Generally, companies like Dycom partner with large insurance carriers or health plans that offer a mix of medical, dental, and wellness programs tailored for their workforce. Potential Healthcare Cost Increases for Dycom Industries in 2026 As healthcare costs continue to surge, Dycom Industries is likely to encounter substantial increases in healthcare expenditures in 2026. With predictions indicating that ACA premiums may spike by over 60% in certain states, the company's medical benefit costs could rise sharply, influencing overall financial performance. The potential expiration of enhanced federal premium subsidies, coupled with ongoing inflation in medical services, suggests that many employees could see their out-of-pocket expenses swell by as much as 75%. In this climate, it's crucial for Dycom to evaluate strategic measures to mitigate these rising healthcare costs and navigate the financial impacts on their workforce. Click here to learn more

'Dycom Industries employees seeking a meaningful and balanced life should recognize that true wealth isn't just about financial stability but also embracing fulfillment in all aspects of life, including health and well-being.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Helping Dycom Industries employees achieve a fulfilling life requires more than financial strategies; it's about guiding them to live with purpose, balancing wealth with wellness to truly enjoy their success.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

  1. The connection between happiness and money

  2. How financial advisors can help clients get 'unstuck'

  3. The importance of balancing financial, emotional, and physical well-being

It can be difficult for financial consultants to offer more than just a sound financial strategy. A highly influential financial counselor understands that success is based on more than just statistics, even though creating a stable future is crucial. Crafting a happy and satisfying life for clients—balancing not just their financial wellness but also their physical and mental well-being—is the key to true success. Dycom Industries employees can feel grounded and rooted in all facets of their lives, not just their finances, according to our three-pronged strategy.

The Connection Between Happiness and Money

There is a widespread misperception that having money inevitably makes one happy. Actually, I've seen a lot of people who are wealthy yet find it difficult to enjoy their prosperity. Even though they are in a position to spend comfortably, some people are inhibited by their fear of doing so. For example, one customer hesitated to book nonstop flights because he was so reluctant to spend money, despite the fact that layovers had a major negative impact on his quality of life. A different customer would routinely skip dinner due to cost rather than health issues.

However, I have also worked with people who struggle with compulsive spending, which is the opposite tendency. They continue to overindulge in the hopes that the future will correct their current financial irresponsibility, even if they have pledged to control their behaviors. Although there are benefits to the 'Carpe Diem' attitude, living extravagantly can harm a client's financial future.

The most important lesson is that the objective is to spend in a way that brings happiness and satisfaction, not to spend the least or the most. It is our responsibility as financial advisors to help clients strike that balance by advising them to engage in fulfilling experiences and endeavors rather than only attempting to reduce costs or satisfy material cravings.

Getting 'Unstuck' Clients

As a financial advisor, one of my most important responsibilities is to assist customers who are feeling 'stuck.' This can take many forms: some people are stuck in a financial mindset that keeps them from appreciating their prosperity, while others are physically ill and lack the stamina to engage in the things they used to enjoy. Many individuals experience mental loneliness or uncertainty about their life's purpose.

The objective is to assist them in being 'unstuck.' This could be advising that a client finally upgrade to first-class when they travel, or urging them to take that long-awaited family trip that they have been putting off for years. It might also entail helping them find new interests, like gardening or photography, or assisting them in getting back into exercise by getting them a personal trainer or joining a gym.

Pickleball is among the most successful activities I've recently introduced to my customers. For many, this inexpensive but incredibly captivating sport has changed their lives. It offers social interaction, which is crucial for mental health, in addition to physical exercise. After learning pickleball, clients have said they feel more motivated and excited about life. Seeing these great changes has been immensely satisfying, and the game has turned into a reason to look forward to something.

Posing Appropriate Questions

Asking the proper questions is the first step in assisting customers in becoming unstuck. I probe them with inquiries that delve deeper into their lives rather than just their portfolios. 'How are you? Are you continuing to be active? What do you most eagerly anticipate?' I can learn more about their priorities thanks to these inquiries. The truth is that relationships, health, or a lack of purpose are more common worries for many people than money.

Advisors can assist clients in identifying the aspects of their lives that they can control and letting go of the things that they cannot by interacting with them on this deeper level. When clients are based on a sense of general well-being, financial decisions become simpler. Addressing clients' emotional, physical, and financial issues enables them to make choices that are in line with their actual preferences.

Encouraging Customers to Lead the Life They Desire

Giving clients financial guidance is only one aspect of helping them become unstuck; another is enabling them to use their wealth in ways that truly bring them joy. You can tell you're having a real influence when your clients walk away from a conversation feeling lighter, more confident, and more excited about their future. In addition to helping their clients accumulate wealth, financial advisors should assist them in creating a worthwhile life.

The function of an advisor goes beyond creating financial plans; it also involves helping clients create life plans that strike a balance between fulfillment and enjoyment. These interventions lay the groundwork for long-term satisfaction, whether it's recommending a trip, fostering a new pastime, or assisting a client in making health-related investments. The goal of wealth is to improve one's life, not only accumulate it.

In summary, managing investments and portfolios is only one aspect of being a financial advisor. Understanding clients' core needs—how they want to spend their time, what brings them joy, and how they may live life to the fullest—is where the true value lies. Dycom Industries employees can feel financially confident and pleased in all other aspects of their lives when they can enjoy the wealth they have amassed. In addition to a healthy portfolio, this all-encompassing approach to financial counseling results in a happier, healthier life.

Brian Parker, CFP, managing director and co-founder of EP Wealth Advisors, works with professionals, athletes, entrepreneurs, and executives. He also participates in initiatives promoting women's programming, financial literacy, and charitable giving. Brian sits on various boards that support sports, health, wellness, and youth education.

For senior citizens, consistent physical activity has major health benefits. Even a small amount of regular exercise, like walking, has been shown to significantly lower the chance of developing chronic diseases like diabetes, heart disease, and several types of cancer. According to a study published in Preventive Medicine, for example, walking 3,000 steps a day can reduce the chance of dying prematurely. For people over 60, the advantages are greatest when walking 7,000 to 9,000 steps a day. Strength and endurance training can also improve mobility, balance, and general physical function, leading to a better quality of life and more independence as people age.

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Sources:

1. 'The Life-Changing Benefits of Exercise After 60.'  National Council on Aging , 2021.
www.ncoa.org/article/the-life-changing-benefits-of-exercise-after-60 .

2. 'Mental health around retirement: evidence of Ashenfelter's dip.'  BMC Geriatrics , 2023.
doi:10.1186/s12877-023-02999-x.

3. '4 tips for getting fit at any age, from a sports scientist who studies athletes as old as 92.'  Business Insider , 2025.

4. 'Participating in Activities You Enjoy As You Age.'  National Institute on Aging , 2022.
www.nia.nih.gov/news/participating-activities-you-enjoy .

5. 'Plan Your Retirement And Improve Your Mental And Physical Health.'  Forbes , 9 May 2025.
www.forbes.com/sites/stevevernon/2025/05/09/plan-your-retirement .

What is the 401(k) plan offered by Dycom Industries?

The 401(k) plan offered by Dycom Industries is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.

How does Dycom Industries match employee contributions to the 401(k) plan?

Dycom Industries offers a company match on employee contributions, which helps to enhance the overall savings for retirement.

When can employees at Dycom Industries enroll in the 401(k) plan?

Employees at Dycom Industries can enroll in the 401(k) plan during the open enrollment period or when they first become eligible after their hire date.

What are the eligibility requirements for the 401(k) plan at Dycom Industries?

To be eligible for the 401(k) plan at Dycom Industries, employees must meet certain criteria, including age and length of service with the company.

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

Yes, employees at Dycom Industries may have the option to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What investment options are available in the Dycom Industries 401(k) plan?

The Dycom Industries 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

How can employees at Dycom Industries change their contribution percentage to the 401(k) plan?

Employees at Dycom Industries can change their contribution percentage by submitting a request through the company’s HR portal or contacting the HR department.

Does Dycom Industries provide financial education or resources for employees regarding the 401(k) plan?

Yes, Dycom Industries provides financial education resources and workshops to help employees understand their 401(k) options and make informed decisions.

What happens to the 401(k) savings if an employee leaves Dycom Industries?

If an employee leaves Dycom Industries, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out, subject to tax implications.

Is there a vesting schedule for the company match in the Dycom Industries 401(k) plan?

Yes, there is typically a vesting schedule for the company match in the Dycom Industries 401(k) plan, which determines when employees fully own the matched contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Dycom Industries Inc., a prominent specialty contractor in the telecom, utility, and infrastructure sectors, offers its employees the Dycom Industries, Inc. Retirement Savings Plan, which is managed by Prudential. This 401(k) plan covers 13,591 employees and allows for pre-tax contributions with a company match. Dycom Industries also offers a matching contribution of 50% of the first 6% of an employee’s eligible pay, encouraging long-term savings. The company's 401(k) plan details, including contributions, are documented under the name "DYCOM INDUSTRIES, INC. RETIREMENT SAVINGS PLAN" (source: Capitalize website, page accessed on August 2024). Regarding Dycom Industries' pension plan, they are not known to offer a traditional defined benefit pension plan for the majority of their workforce. Instead, the focus is placed on their 401(k) plan, which is commonly utilized across industries today. The exact details and eligibility criteria for this plan align with Dycom's retirement strategy focused on employee contributions and company matching for future retirement benefits.
Restructuring and Layoffs: In early 2024, Dycom Industries announced a strategic restructuring plan aimed at optimizing operational efficiency and reducing costs. This plan included the layoff of approximately 5% of its workforce. The restructuring is intended to streamline operations and focus on core business areas. Given the current economic climate, staying informed about such changes is critical for understanding how large-scale companies are adapting to economic uncertainties. The reduction in workforce can impact not only the employees but also the company's long-term strategic positioning.
Stock Options: Dycom Industries offers stock options to its executives and senior management as part of their compensation package. Stock options typically provide the right to purchase Dycom Industries stock at a fixed price for a specified period. RSUs: Restricted Stock Units (RSUs) at Dycom Industries are granted to key employees, often subject to performance and time-based vesting conditions. These RSUs convert to Dycom Industries stock upon vesting.rts.
Website: Dycom Industries Health Benefits Information: The official website provides a section on employee benefits that includes details about healthcare coverage, including medical, dental, and vision insurance. They offer a range of plans with various coverage levels and options. Health Benefits Information: Reviews on Glassdoor mention that Dycom provides competitive health benefits, including medical, dental, and vision insurance. Employees have reported a decent range of coverage options and benefits packages. Health Benefits Information: Indeed provides employee reviews and details about the company's benefits, including health insurance coverage, wellness programs, and other related benefits.
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For more information you can reach the plan administrator for Dycom Industries at 11780 US Highway 1, Suite 600 Palm Beach Gardens, FL 33408; or by calling them at (561) 627-7171.

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