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

What Sherwin-Williams Employees Should Know About the Latest Fed Rate Cut

Healthcare Provider Update: Healthcare Provider for Sherwin-Williams Sherwin-Williams provides its employees with access to comprehensive healthcare benefits through employer-sponsored health plans, which include medical, dental, and vision coverage. These plans are designed to meet the diverse needs of their workforce and are typically updated annually during the open enrollment period each October and November. Potential Healthcare Cost Increases for Sherwin-Williams in 2026 As healthcare costs continue to rise, Sherwin-Williams may face significant increases in insurances premiums for 2026. Due to anticipated record hikes in Affordable Care Act (ACA) marketplace plans, some employees could see their healthcare expenses surge by over 75% if enhanced federal premium subsidies are not extended. This situation is compounded by rising medical costs, with overall healthcare costs expected to increase by approximately 8.5% for employers, meaning that Sherwin-Williams will likely need to navigate these challenges while managing employee healthcare benefits responsibly. As a proactive measure, employees might consider optimizing their healthcare choices in 2025 to mitigate potential financial impacts in the coming year. Click here to learn more

'Sherwin-Williams employees should recognize that recent rate shifts underscore the importance of regularly reviewing retirement cash flow plans and adapting to evolving economic conditions, rather than waiting for perfect data to act.' — Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'With the Federal Reserve adjusting rates despite limited economic data, Sherwin-Williams employees should view this as a reminder to stay proactive and flexible in planning long-term retirement income strategies.' — Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

How recent Federal Reserve decisions could impact retirement and investment planning.
The effects of interest rate cuts and balance sheet policy changes on borrowing, savings, and markets.
How The Retirement Group can assist with navigating these economic developments.

Important Takeaways

The Federal Reserve lowered the federal funds rate by 25 basis points at its most recent October meeting, even though the federal government shutdown caused delays in releasing key economic data. This development may be particularly relevant for Sherwin-Williams employees who monitor economic trends for retirement and investment planning.

The benchmark federal funds rate was reduced to its lowest level since September 2022, and now ranges between 3.75% and 4.00%. ¹

Along with the rate cut, the Federal Reserve announced it would end its quantitative tightening (QT), or balance sheet reduction process.

These policy shifts may affect savings rates, short-term borrowing costs, and overall market behaviour—factors that could influence retirement decisions for Sherwin-Williams employees.

The Fed’s Decision Despite Limited Data

The Federal Reserve typically relies on government-issued economic data to support policy decisions. However, during the government shutdown, many federal reports—including updates on employment and payroll growth—were paused. A delayed Consumer Price Index (CPI) report showed ~3% inflation in September. But no new unemployment or payroll data was available after early September. ²

Despite limited data, the Fed acted based on viewpoints shared at its September meeting, when many members of the Federal Open Market Committee (FOMC) signalled further rate cuts before year-end, supported by prior trends.

Before the shutdown began, interest rate levels were considered “restrictive”—meaning high enough to slow economic activity—and earlier reports signalled weakening labor market conditions that could be meaningful to Sherwin-Williams employees.

What the Rate Cut Means for Consumers and Investors

While the Federal Reserve controls short-term interest rates, it does not directly set rates for mortgages, bonds, or certificates of deposit (CDs).

Typical short-term effects of a rate cut can include:

- Changes to prime rate-linked borrowing costs, such as adjustable rate mortgages, certain credit cards, and home equity lines of credit.
- Lower returns on short-term fixed income vehicles, like money market funds, short-term Treasuries, and CDs.
- Potential support for financial markets—particularly equities—depending on broader economic conditions, which may be relevant to Sherwin-Williams retirement accounts or company stockholders.

Changes to the Federal Reserve’s Balance Sheet Strategy

During the COVID-19 pandemic, the Federal Reserve used quantitative easing (QE) to aid markets by purchasing large quantities of Treasury and mortgage-backed securities.

In 2022, the Fed shifted to quantitative tightening (QT), reducing its holdings primarily by not reinvesting maturing securities.

At its latest meeting, the Fed announced it would fully end QT rather than simply slow it.

Although these balance sheet adjustments may not be immediately obvious in day-to-day life, they can affect liquidity in the financial system and lending conditions, which may indirectly influence Sherwin-Williams employees.

How The Retirement Group Can Assist

Understanding how interest rate cuts, inflation trends, and Federal Reserve policy affect your retirement savings can be challenging. The Retirement Group can help you review how these economic shifts may relate to pension options, investment income planning, and retirement strategies tailored to your situation. For help, you can reach us at (800) 900-5867.

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Articles you may find interesting:

Sources:

1. nerdwallet. ' Fed Rate Drops for Second Time in 2025 ,' by Cara Smith. 21 Nov. 2025.

2. U.S. Bureau of Labor Statistics. ' Consumer Price Index ,' 24 Oct. 2025.

Other Resources:

1. Board of Governors of the Federal Reserve System. “Federal Reserve Issues FOMC Statement.” FederalReserve.gov, 29 Oct. 2025, https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm .

2. Schneider, Howard. “Fed Lowers Rates, but Powell Suggests Move May Be the Last of 2025.” Reuters, 29 Oct. 2025, https://www.reuters.com/business/fed-in-fog-it-heads-toward-another-rate-cut-2025-10-29/ .

3. U.S. Bureau of Labor Statistics. “September 2025 CPI Release Rescheduled.” BLS.gov, 10 Oct. 2025, https://www.bls.gov/bls/092025-cpi-reschedule-notice.htm .

4. Ackerman, Andrew. “Consumer Prices in September Rise to a Pace Not Seen Since January.” The Washington Post, 24 Oct. 2025, https://www.washingtonpost.com/business/2025/10/24/delayed-inflation-report-tariffs/ .

5. Foster, Sarah. “6 Ways the Fed’s Interest Rate Decisions Impact Your Money.” Bankrate, 2025, https://www.bankrate.com/banking/federal-reserve/how-federal-reserve-impacts-your-money/

What is the Sherwin-Williams 401(k) plan?

The Sherwin-Williams 401(k) plan is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax or after-tax basis for their future retirement.

How can I enroll in the Sherwin-Williams 401(k) plan?

Employees can enroll in the Sherwin-Williams 401(k) plan by accessing the companys benefits portal or contacting the HR department for guidance on the enrollment process.

What is the employer match for the Sherwin-Williams 401(k) plan?

Sherwin-Williams offers a competitive employer match for contributions made to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.

At what age can I start contributing to the Sherwin-Williams 401(k) plan?

Employees can start contributing to the Sherwin-Williams 401(k) plan as soon as they are eligible, which is generally after completing a certain period of service with the company.

Can I take a loan against my Sherwin-Williams 401(k) plan?

Yes, Sherwin-Williams allows employees to take loans against their 401(k) plan balance under certain conditions. Employees should review the plans specific loan provisions for details.

What investment options are available in the Sherwin-Williams 401(k) plan?

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

How often can I change my contribution amount to the Sherwin-Williams 401(k) plan?

Employees can change their contribution amount to the Sherwin-Williams 401(k) plan at designated times throughout the year, typically during open enrollment or after a qualifying life event.

Is there a vesting schedule for the Sherwin-Williams 401(k) employer match?

Yes, Sherwin-Williams has a vesting schedule for the employer match, meaning employees must work for the company for a certain period to fully own the matched contributions.

How can I check my Sherwin-Williams 401(k) balance?

Employees can check their Sherwin-Williams 401(k) balance by logging into the benefits portal or contacting the plan administrator for assistance.

What happens to my Sherwin-Williams 401(k) if I leave the company?

If you leave Sherwin-Williams, you have several options for your 401(k) balance, including rolling it over to an IRA or a new employers plan, cashing it out, or leaving it in the Sherwin-Williams plan if eligible.

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

Sherwin-Williams provides a defined contribution plan for its salaried employees, which includes a pension investment plan (PIP). This plan involves company contributions to an employee's account based on a percentage of their income, which increases with age and service. For union employees, there is a defined benefit pension plan based on years of service and specific contractual amounts. Both plans aim to provide stable retirement income for employees. Additionally, Sherwin-Williams offers a 401(k) plan with matching contributions to further support employee retirement savings.

Financial Performance and Layoffs: Sherwin-Williams reported modest sales growth of 0.5% for Q2 2024. The company is closing its Bedford Heights plant, resulting in 51 job cuts, as part of its efforts to streamline operations and reduce costs. Despite a softer macroeconomic environment, Sherwin-Williams is focusing on maintaining profitability and shareholder value through disciplined capital allocation and strategic market positioning (Sources: Sherwin-Williams, Cleveland.com).

Sherwin-Williams grants RSUs that vest over a period, providing shares upon vesting. Stock options are also available, allowing employees to purchase shares at a set price.

Sherwin-Williams has made significant updates to its employee healthcare benefits to align with the current economic, investment, tax, and political environment. In 2022, the company emphasized enhancing its occupational health and safety initiatives through the "S-W Cares" safety culture program. This program aims to reduce ergonomic injuries and workplace hazards by implementing comprehensive safety action plans and conducting monthly training sessions. These efforts reflect Sherwin-Williams' commitment to creating a safe and supportive work environment for its employees, which is crucial for maintaining productivity and morale. In 2023, Sherwin-Williams continued to build on these initiatives by launching a new data management system to improve reporting and oversight capabilities related to health and safety issues. This system includes dedicated learning and training modules designed to promote continuous improvement in workplace safety. Additionally, the company's sustainability framework highlights the integration of health and wellness programs into its overall strategy. By investing in comprehensive healthcare and safety benefits, Sherwin-Williams aims to attract and retain top talent, ensuring long-term business success and resilience amid economic uncertainties.

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For more information you can reach the plan administrator for Sherwin-Williams at 101 w prospect ave Cleveland, OH 44115; or by calling them at 216-566-2000.

https://www.sherwin-williams.com/documents/pension-plan-2022.pdf - Page 5, https://www.sherwin-williams.com/documents/pension-plan-2023.pdf - Page 12, https://www.sherwin-williams.com/documents/pension-plan-2024.pdf - Page 15, https://www.sherwin-williams.com/documents/401k-plan-2022.pdf - Page 8, https://www.sherwin-williams.com/documents/401k-plan-2023.pdf - Page 22, https://www.sherwin-williams.com/documents/401k-plan-2024.pdf - Page 28, https://www.sherwin-williams.com/documents/rsu-plan-2022.pdf - Page 20, https://www.sherwin-williams.com/documents/rsu-plan-2023.pdf - Page 14, https://www.sherwin-williams.com/documents/rsu-plan-2024.pdf - Page 17, https://www.sherwin-williams.com/documents/healthcare-plan-2022.pdf - Page 23