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Deckers Outdoor Employees: Discover Which States Offer the Best Environment for a Stress-Free Retirement!

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Healthcare Provider Update: Provides health insurance through Kaiser, Anthem Blue Cross, and HMSA, with options including PPO, HDHP with HSA, and EPO plans4. With ACA costs rising, Deckers flexible plan options and employer HSA contributions offer a strong alternative to marketplace plans. Click here to learn more

The contemporary era presents a myriad of stressors, from the unpredictable housing market to escalating grocery prices. Indeed, the intensity of stress an individual encounters can significantly hinge on their geographical location, as recent research reveals.

A comprehensive study conducted by WalletHub earlier in the year embarked on the ambitious task of ranking the “most and least stressed” states across the United States. This expansive report utilized a comparative analysis across the 50 states, examining them through the lens of 41 distinct metrics. These indicators encompassed a range of factors including the unemployment rate, income growth trajectory, separation and divorce rates, mental health statistics, and the affordability of medical consultations.

In order to distill these broad metrics into actionable insights for Deckers Outdoor professionals, the states were evaluated based on four primary dimensions of stress:

  1. Work-related stress,
  2. Financial stress,
  3. Family-related stress, and
  4. Health and safety-related stress.

This intricate analysis was fortified by data sourced from reputable institutions such as the U.S. Census Bureau, the Bureau of Labor Statistics, and the Centers for Disease Control and Prevention, among others.

In an intriguing revelation, the report not only provided a holistic stress ranking but also delved into specific categories like the average number of sleep hours residents get each night, the number of practicing psychologists per capita, and the average weekly work hours.

Mississippi emerged at the forefront of this study, unfortunately bearing the title of the most stressed state. It was particularly impacted by financial stress despite boasting the lowest cost of living in the country. Contrasting its affordable living, it faces challenges with educational attainment and workforce productivity, alongside having one of the most substantial rates of worker migration, as detailed by a CNBC report.

Conversely, the spectrum's other end highlighted states like Utah, Connecticut, and South Dakota, known for their comparatively low stress levels. Interestingly, states like Hawaii and Florida, often celebrated for their high happiness indices, did not feature in the top ten of this list.

Topping the chart as the epitome of tranquility was Minnesota, recognized as the least stressed state. Minnesotans reported minimal stress related to finances and family. Moreover, Minnesota was celebrated for offering its residents nearly the highest average sleep hours, trailing only behind Colorado. Famously referred to as the “Land of 10,000 Lakes,” Minnesota has also been acclaimed as one of the prime states for both living and professional engagement, as per CNBC’s annual assessment.

Following closely was Utah, securing the second position. Remarkably, Utah recorded the fewest work hours per week on average, a low poverty rate, and the nation’s lowest divorce statistics. In an adjunct study by WalletHub, Utah was distinguished as the happiest state, partly owing to its impressive volunteer rate standing at 40.7% - a stark contrast to Florida’s significantly lower rate.

New Hampshire consolidated the top three, standing out with the lowest proportion of adults in fair or poor health and an impressive average credit score of 729, as per CNBC Select. It boasts one of the lowest poverty and crime rates per capita. The city of Nashua in Hillsborough County, New Hampshire, in particular, enjoys the reputation of being the safest in the country, making it one of the state's most desirable living destinations, according to Niche. Further, Census Bureau data indicates that New Hampshire ranks among the wealthiest and most educated in the nation, enhanced by its lack of income tax on wages and sales tax.

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A crucial aspect contributing to Minnesota's low stress levels, particularly relevant to Deckers Outdoor professionals nearing or in retirement, is the state's robust healthcare system. According to U.S. News & World Report (2021), Minnesota is ranked 3rd in healthcare access and 11th in healthcare quality nationwide, ensuring its residents, especially those in older demographics, have ample access to superior medical care. This accessibility is paramount for those transitioning from active working life, as they can rely on high-quality healthcare services, a factor significantly alleviating health-related stress often accompanying this life stage.

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Navigating the states of America in search of the ideal place to retire is akin to sifting through a box of assorted chocolates, each piece uniquely flavored with different fillings representing various lifestyle factors. Minnesota, in this assortment, is the coveted dark chocolate truffle — rich in quality healthcare, laden with the sweetness of plentiful sleep, and enrobed in the smooth texture of low financial and family-related stress. Just as dark chocolate is known for its health benefits and stress-reducing antioxidants, Minnesota offers a blend of life-enhancing qualities that melt away worries, making it the choice morsel for those seasoned professionals stepping away from their bustling Deckers Outdoor careers into a phase of life where tranquility and well-being become the ultimate luxury. 

What is the 401(k) plan offered by Deckers Outdoor?

The 401(k) plan at Deckers Outdoor is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can employees of Deckers Outdoor enroll in the 401(k) plan?

Employees can enroll in the Deckers Outdoor 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

Does Deckers Outdoor offer a company match for the 401(k) contributions?

Yes, Deckers Outdoor offers a company match for employee contributions to the 401(k) plan, which helps employees grow their retirement savings.

What is the vesting schedule for the company match in Deckers Outdoor's 401(k) plan?

The vesting schedule for the company match at Deckers Outdoor typically follows a standard timeline, which may vary. Employees should refer to the plan documents for specific details.

Can employees of Deckers Outdoor change their contribution percentage to the 401(k) plan?

Yes, employees can change their contribution percentage to the Deckers Outdoor 401(k) plan at any time, subject to the plan’s guidelines.

What investment options are available in the Deckers Outdoor 401(k) plan?

The Deckers Outdoor 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

When can employees of Deckers Outdoor start withdrawing from their 401(k) plan?

Employees can typically start withdrawing from their Deckers Outdoor 401(k) plan at age 59½, although there are specific rules and conditions that apply.

Are loans available against the 401(k) balance at Deckers Outdoor?

Yes, employees may be able to take loans against their 401(k) balance at Deckers Outdoor, subject to the plan’s terms and conditions.

What happens to the 401(k) plan if an employee leaves Deckers Outdoor?

If an employee leaves Deckers Outdoor, they have several options regarding their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it with Deckers Outdoor.

How does Deckers Outdoor communicate changes to the 401(k) plan?

Deckers Outdoor communicates changes to the 401(k) plan through official company emails, newsletters, and updates on the HR portal.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Deckers Outdoor Employee Pension Plan Name of Pension Plan: Deckers Outdoor Corporation Pension Plan Years of Service and Age Qualification: Employees generally need at least 5 years of service to qualify for benefits. Age qualifications typically align with standard retirement ages (e.g., 65 years old). Pension Formula: Deckers Outdoor’s pension formula typically involves a defined benefit based on years of service and average salary. The formula may be calculated as a percentage of the employee’s average salary over the highest earning years multiplied by the number of years of service.
Restructuring Layoffs: In 2024, Deckers Outdoor Corporation has continued its strategy to optimize its workforce, reflecting a broader trend in the industry towards efficiency and cost management. Despite reporting strong financial performance, including a record Q2 revenue of $1.092 billion, the company has made adjustments to its workforce to align with long-term goals. These layoffs, though not publicly detailed in terms of numbers, are part of a strategic approach to maintain competitiveness and shareholder value in an uncertain economic climate.
For Deckers Outdoor, the company offers both stock options and Restricted Stock Units (RSUs) as part of its employee compensation package. Stock options at Deckers Outdoor (NYSE: DECK) give employees the right to purchase company shares at a predetermined price after a specific vesting period. RSUs, on the other hand, provide employees with company shares upon the completion of vesting conditions without requiring an upfront purchase. In 2022, 2023, and 2024, Deckers Outdoor has continued to utilize these equity compensation tools to attract and retain top talent. The stock options typically vest over several years, often linked to the employee’s tenure or performance milestones. RSUs are granted and become actual shares after a defined period, usually subject to the company's stock price performance or individual achievements. Employees eligible for these benefits at Deckers Outdoor include senior executives, key management personnel, and other employees identified as critical to the company's success. These equity awards are designed to align employee incentives with the company's long-term financial performance, ensuring that key personnel are motivated to contribute to the company's growth.
Health Insurance: Deckers provides comprehensive health insurance options that cover a variety of healthcare needs. This includes medical, dental, and vision coverage. The company also offers Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) to help employees manage their healthcare expenses more effectively. Mental Health Support: Recognizing the importance of mental well-being, Deckers offers free memberships to Headspace for all employees, along with an Employee Assistance Program (EAP) that provides mental health support. Additionally, virtual fitness classes are available to promote physical and mental wellness.
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For more information you can reach the plan administrator for Deckers Outdoor at 250 Coromar Dr Goleta, CA 93117; or by calling them at (805) 967-7611.

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