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

Why Crane Holdings Employees Should Consider These Top Retirement Locations for Affordability and Ideal Weather

Healthcare Provider Update: Healthcare Provider for Crane Holdings Crane Holdings typically engages with a variety of healthcare providers, but specific contracts may vary based on their employee benefits structure. It is advisable for companies to work with major insurers such as UnitedHealthcare, Anthem, or Cigna to provide a competitive benefits package, especially in light of the upcoming healthcare cost changes expected in 2026. Potential Healthcare Cost Increases in 2026 As the healthcare landscape shifts, Crane Holdings should prepare for significant increases in health insurance premiums in 2026. With overarching trends indicating rises of over 60% in some regions due to the expiration of enhanced federal subsidies and escalating medical costs, many consumers-approximately 22 million-could face premiums surging by as much as 75%. Coupled with ongoing inflationary pressures in hospital and provider costs, strategic planning will be essential for mitigating financial impacts and ensuring continued coverage for employees. Click here to learn more

'Crane Holdings employees nearing retirement should consider cities like Cary, North Carolina, that balance affordable living, great weather, and top-tier healthcare, as these factors are essential in ensuring a financially comfortable and healthy retirement.' – Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Retirees from Crane Holdings companies should prioritize locations that offer both cost-effective living and excellent healthcare, such as Cary, North Carolina, ensuring a fulfilling and stable retirement experience.' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The best affordable cities for retirement, with a focus on Cary, North Carolina.
How weather and cost of living are key factors for Crane Holdings employees planning their retirement.
The importance of healthcare access in choosing a retirement destination.

Combining great weather with affordability, Cary, North Carolina, has emerged as one of the top spots for Crane Holdings employees planning their retirement. Located just nine miles west of Raleigh, this charming city offers retirees a year-round climate with temperatures between 32°F and 89°F. With an average monthly cost of living of $3,615, Cary provides an excellent balance of affordable housing and beautiful weather—two key considerations for Crane Holdings employees looking to make the most of their retirement years.

Cary's exceptional quality of life is reflected in its impressive livability score of 90 out of 100. The city offers a community that supports retirees, with 12% of its population being over 65, according to GoBankingRates. The temperature is generally mild, though seasonal fluctuations are expected, with the hottest months being late May through early October. Despite some fluctuations, Cary's facilities, low crime rate, and healthcare services all earned favorable ratings, even though its cost of living score on AreaVibes was slightly lower.

Cary is not the only city with the perfect mix of affordability and great weather for retirement. For example, Metairie, Louisiana, scored 84 out of 100 on the livability scale. This city boasts a reasonably low cost of living, a mild climate, and a hint of Southern charm. For Crane Holdings retirees seeking relief from the hotter Southern U.S., Perry Hall, Maryland, is an excellent option due to its consistently milder temperatures.

With its reasonably priced housing and dry, sunny climate, Laughlin, Nevada, offers the lowest anticipated monthly cost of living on the list for retirees who are considering the desert lifestyle. In contrast, Oro Valley, Arizona, located in the heart of the Sonoran Desert, is particularly attractive to retirees, with more than one-third of its population being 65 or older. The area's year-round, outdoor-friendly temperatures further enhance its appeal.

Although Florida remains a popular retirement destination, the living costs in cities like Miami and Orlando can surpass $60,000 annually. High real estate prices and increasing property taxes might deter some retirees from making the move. For those still drawn to Florida's warm climate, alternatives like Perry Hall and Metairie offer similar weather conditions but at a more affordable cost of living.

GoBankingRates compiled a detailed list of affordable and appealing retirement destinations in 2024 by evaluating cities on several criteria, including rent, weather, cost of living, and overall desirability. At the top of the list is Cary, North Carolina, with its active retiree community and temperate climate. Laughlin, Nevada, and Oro Valley, Arizona, also stand out as great retirement options, showcasing that there are plenty of affordable places to retire while still enjoying a comfortable and pleasant lifestyle.

When planning retirement, Crane Holdings employees must strike a balance between living costs and a healthy, active environment. Whether in Cary or another well-regarded location, retirement planning should factor in both lifestyle preferences and financial considerations to help create a fulfilling retirement experience.

In addition to affordability and pleasant weather, healthcare access plays a critical role in selecting a retirement location. Cary, North Carolina, stands out for its top-notch healthcare offerings, including facilities like WakeMed Cary Hospital. U.S. News & World Report (March 2024) named Cary as a top choice for retirees who value both financial stability and healthcare quality, making it an ideal place for Crane Holdings employees nearing retirement.

If you're looking for an affordable and desirable retirement destination, Cary, North Carolina, with its 90/100 livability score, is one of the best cities for retirees. Offering a mild climate, affordable living costs, and excellent healthcare services, it's a standout location. Other affordable places with favorable weather for retirement include Metairie, Louisiana, and Oro Valley, Arizona. Discover why these cities are gaining popularity due to their appealing combination of amenities, climate, and affordability.

Choosing the right retirement destination is much like selecting the perfect vacation spot: it should offer the amenities you desire, such as great weather, reasonable prices, and convenient access to the services you need. Like a year-round vacation, cities like Cary, North Carolina, and Metairie, Louisiana, provide a perfect mix of relaxation, adventure, and practicality, allowing Crane Holdings retirees to enjoy both financial comfort and peace of mind. These locations promise a long-term 'staycation' with affordable living, pleasant weather, and excellent healthcare throughout the year.

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Articles you may find interesting:

Sources:

1. GoBankingRates. “12 Surprisingly Affordable Cities With Great Weather for Retirees.” GoBankingRates , October 2024, pp. 1-2.

2. U.S. News & World Report. “The 2 Best Independent Living Communities in Cary, NC.” U.S. News & World Report , March 2025, pp. 1-3.

3. Investopedia. “Why Arizona Could Be the Perfect Retirement Destination for You.” Investopedia , May 2025, pp. 1-2.

4. CarePatrol. “Beyond Cost: A Different Perspective on Choosing a Retirement Location.” CarePatrol , April 2025, pp. 1-2.

5. Nasdaq. “Retirement Relocation: Choosing the Perfect Place to Call Home.” Nasdaq , April 2025, pp. 1-2.

What type of retirement savings plan does Crane Holdings offer to its employees?

Crane Holdings offers a 401(k) retirement savings plan to its employees.

Does Crane Holdings provide any matching contributions to the 401(k) plan?

Yes, Crane Holdings provides a matching contribution up to a certain percentage of the employee's salary.

What is the eligibility requirement for employees to participate in Crane Holdings' 401(k) plan?

Employees are eligible to participate in Crane Holdings' 401(k) plan after completing a specified period of service, typically 30 days.

Can employees of Crane Holdings choose how to invest their 401(k) contributions?

Yes, employees of Crane Holdings can choose from a variety of investment options for their 401(k) contributions.

Is there a vesting schedule for the matching contributions at Crane Holdings?

Yes, Crane Holdings has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own those contributions.

How often can employees change their contribution amounts to the 401(k) plan at Crane Holdings?

Employees at Crane Holdings can change their contribution amounts typically on a quarterly basis or as specified in the plan documents.

What is the maximum contribution limit for the 401(k) plan at Crane Holdings?

The maximum contribution limit for the 401(k) plan at Crane Holdings is aligned with IRS guidelines, which may change annually.

Does Crane Holdings allow for loans against the 401(k) plan?

Yes, Crane Holdings allows employees to take loans against their 401(k) balance under certain conditions.

What happens to an employee's 401(k) balance if they leave Crane Holdings?

If an employee leaves Crane Holdings, they can choose to roll over their 401(k) balance to another retirement account, cash it out, or leave it in the Crane Holdings plan if eligible.

Are there any fees associated with the 401(k) plan at Crane Holdings?

Yes, there may be administrative fees and investment fees associated with the 401(k) plan at Crane Holdings, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Crane Holdings has announced changes to their 401(k) plan, including the addition of the JPMorgan Large Cap Growth Fund and the Fidelity Total Bond Fund to their investment options lineup. This is aimed at providing employees with better growth opportunities and more stable investment choices. The company also raised its full-year adjusted EPS guidance, reflecting a strong financial outlook which can positively impact the stability and potential growth of employee retirement benefits

Restructuring Layoffs: Crane Holdings completed a significant restructuring with the separation of Crane Company and Crane NXT into two independent publicly traded companies as of April 2023. This separation is part of a strategic initiative to streamline operations and focus on core business segments. As a result, some layoffs and restructuring within the organization may occur, though specific numbers are not detailed in the available sources. The restructuring aims to enhance shareholder value and operational efficiency.

Employee Stock Options Crane Holdings offers stock options to eligible employees as part of its equity compensation plan. These stock options provide employees the right to purchase shares of Crane Holdings at a predetermined price, typically referred to as the exercise or strike price. These options usually vest over a period, meaning that employees earn the right to exercise their options in increments over several years. For example, options granted in 2023 become exercisable at 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary, and fully vested by the fourth anniversary. Crane Holdings’ stock options are available primarily to key employees, including executives and senior management, as a way to retain talent and align their interests with shareholders (CraneCo) (SEC.gov) (SEC.gov). Restricted Stock Units (RSUs) Crane Holdings also grants RSUs, which represent a promise to deliver shares of stock to employees upon the fulfillment of certain conditions, such as continued employment over a vesting period. For instance, RSUs granted in 2023 vest on December 31, 2025, contingent on Crane Holdings achieving specific performance criteria and the employee remaining with the company. These units do not require employees to pay an exercise price; instead, they are given shares outright after meeting the vesting conditions. RSUs are typically awarded to a broader group of employees, including senior executives and key contributors, to incentivize long-term performance and loyalty (SEC.gov) (CraneCo) (CraneCo).

Crane Holdings has made significant strides in its employee health benefits over the past few years. For the years 2022, 2023, and 2024, they have consistently aimed to provide comprehensive health coverage to their employees. Health Benefits Overview 2022: Crane Holdings focused on maintaining a robust health benefits package for its employees. They offered standard health insurance options, including medical, dental, and vision coverage. In addition to these, Crane provided supplemental insurances such as life insurance, disability insurance, and long-term care insurance, which employees could opt into during open enrollment periods at advantageous group rates (Home Page) (Business Wire). 2023: The company continued to enhance its health benefits, introducing more flexibility and additional coverage options. For instance, Crane Holdings improved its wellness programs, incorporating mental health support and telehealth services to better cater to the evolving needs of its workforce (CraneCo) (Home Page). 2024: In line with the latest trends, Crane Holdings expanded its benefits to include more personalized health management tools and resources. This included advanced health savings accounts (HSAs) and flexible spending accounts (FSAs), as well as incentives for participating in preventive health activities

Additional Articles

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For more information you can reach the plan administrator for Crane Holdings at 100 First Stamford Pl., Ste. 400 Stamford, CT 6902; or by calling them at 203-363-7300.

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