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Are Dentsply Sirona Employees Consistently Making These 401(k) Mistakes?

Healthcare Provider Update: Healthcare Provider for Dentsply Sirona: Dentsply Sirona, a leading provider of dental products and technologies, primarily utilizes a variety of health insurance options for its employees. The specific healthcare provider details may vary by location and employee plan options, but health insurance services are typically offered in conjunction with major providers in the ACA marketplace and private health insurers. Potential Healthcare Cost Increases in 2026: In 2026, Dentsply Sirona employees may face substantial healthcare cost increases as health insurance premiums for Affordable Care Act (ACA) plans are expected to surge dramatically. Several states are anticipating hikes exceeding 60%, largely influenced by the potential expiration of enhanced federal premium subsidies and rising medical costs. As a result, employees might see their out-of-pocket expenses rise significantly-potentially over 75% for many-if subsidies are not renewed, making it crucial for them to evaluate their healthcare options and budget for these changes in advance. Click here to learn more

This paper is for Dentsply Sirona employees who will have to know the basics of their 401(k) plans, including the role of the company's contributions and the way the assets are invested in order to understand the basics of the retirement planning process.'

'['Free' means that, as a Dentsply Sirona employee, you can optimize your retirement savings and, thus, your future financial independence by frequently checking and changing your 401(k) contributions, as well as by consulting for a Roth 401(k)].

In this article, we will discuss:

1. How to increase your chances of retirement savings by taking advantage of employer contributions.

2. What are the conditions under which you own the company contributions? Do not miss the money! A simple guide to the basics of stock investing within your 401(k) plan.

3. It is not intended to be an exhaustive treatment of the subject, but rather a general introduction that will help you understand the basics and consider whether or not to participate.

In a time of increasing financial complexity, it is essential to know how to make the most out of your savings, especially when you are planning for your retirement. The 401k plan has been and will be one of the best ways to build wealth over the long term. However, as with any instrument, its effectiveness depends on the user’s understanding of its capabilities and potential risks.

Harnessing Matching Contributions:

Most of the Dentsply Sirona companies provide for matching schemes under which they pay for a certain percentage of the amount an employee places into a 401k. On average, companies match 4.5% of employee contributions, as per Vanguard’s annual report. Although this percentage may not be very high, it can amount to a lot of money over the years. When you include the interest that is charged on the account, this can make for a good retirement portfolio.

Vesting Requirements - Patience Pays:

Vesting refers to the conditions under which an employee is entitled to the company contributions to a 401(k) plan. Two main types are:

Cliff Vesting: Contributions are fully vested at the end of the set period, which is usually three years.

Graded Vesting: The employer’s contributions become vested at 20% annually from the second year and at 100% by the end of the sixth year.

Thus, if you change jobs before your contributions become vested, you will deny yourself access to the money. So, it is important to know your company’s vesting policy.

The Risk of Company Stock:

While it may be tempting to invest in your company’s stock, it’s wise to limit such investments to 5-10% of your total 401(k) assets. This is because too much money is at risk in the event the company is not doing well.

The Dual-Edge of Stock Investments:

Equities, or stocks, shouldn’t be avoided entirely. Although they are risky, very conservative products may not perform well versus inflation, and, thus, reduce your buying power in the future. This is where balanced equity investments come in to help with this.

Sources:

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Articles you may find interesting:

1. Internal Revenue Service (IRS). 'Matching Contributions Help You Save More for Retirement.' IRS, https://www.irs.gov/retirement-plans/matching-contributions-help-you-save-more-for-retirement . Accessed 17 Feb. 2025.

2. Internal Revenue Service (IRS). 'Retirement Topics - Vesting.' IRS, https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-vesting . Accessed 17 Feb. 2025.

3. Empower. 'What is 401(k) Matching & How Does It Work?' Empower, https://www.empower.com/the-currency/work/how-does-401k-matching-work . Accessed 17 Feb. 2025.

4 Investopedia. '401(k) Vesting Rules.' Investopedia, https://www.investopedia.com/401-k-vesting-rules-5323652 . Accessed 17 Feb. 2025.

5. National Council on Aging (NCOA). 'Leverage Employer Matching Contributions to Your 401(k).' NCOA, https://www.ncoa.org/article/matching-contributions-101-how-to-maximize-your-retirement-savings-now . Accessed 17 Feb. 2025.

What is the Dentsply Sirona 401(k) plan?

The Dentsply Sirona 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

How can Dentsply Sirona employees enroll in the 401(k) plan?

Dentsply Sirona employees can enroll in the 401(k) plan by completing the enrollment process through the company’s benefits portal or by contacting the HR department for assistance.

What is the company match for the Dentsply Sirona 401(k) plan?

Dentsply Sirona offers a company match for contributions made to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.

When can Dentsply Sirona employees start contributing to the 401(k) plan?

Dentsply Sirona employees can start contributing to the 401(k) plan after completing their eligibility period, which is usually outlined in the employee handbook.

What investment options are available in the Dentsply Sirona 401(k) plan?

The Dentsply Sirona 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees grow their savings.

Are there any fees associated with the Dentsply Sirona 401(k) plan?

Yes, there may be administrative fees and fund management fees associated with the Dentsply Sirona 401(k) plan, which are typically disclosed in the plan documents.

Can Dentsply Sirona employees take loans against their 401(k) savings?

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

What happens to my Dentsply Sirona 401(k) if I leave the company?

If you leave Dentsply Sirona, you can choose to roll over your 401(k) balance to another retirement account, cash out your balance, or leave it in the Dentsply Sirona plan if allowed.

How often can Dentsply Sirona employees change their contribution amount?

Dentsply Sirona employees can typically change their contribution amount at any time, subject to the plan’s guidelines.

Is there a vesting schedule for the Dentsply Sirona 401(k) company match?

Yes, Dentsply Sirona has a vesting schedule for the company match, which means employees must work for a certain period before they fully own the matched funds.

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For more information you can reach the plan administrator for Dentsply Sirona at 13320 Ballantyne Corporate Pl Charlotte, NC 28277; or by calling them at (844) 848-0137.