<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

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

image-table

Healthcare Provider Update: Offers above-market medical coverage with premiums lower than industry standards and a Health Savings Account (HSA) fund thats double the typical amount. On-site wellness centers and flexible sick/personal time support proactive healthcare planning 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 Worthington Industries 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.

Articles you may find interesting:

Loading...

In an age where change is constant and often abrupt, savvy individuals and leaders understand the importance of adaptation and forward-thinking. CNBC's Evolve Global Summit, scheduled for November 2, offers a unique opportunity for insight into thriving in this dynamic business era. The summit promises strategies for adaptation, innovation, and success in contemporary business landscapes. Interested parties are encouraged to secure their participation by purchasing tickets through the appropriate channels.

A crucial aspect contributing to Minnesota's low stress levels, particularly relevant to Worthington Industries 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.

Stay informed and empowered in your personal and professional life by subscribing to our latest newsletter, a valuable resource for navigating modern complexities in finance, work, and everyday life.

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 Worthington Industries careers into a phase of life where tranquility and well-being become the ultimate luxury. 

What type of retirement plan does Worthington Industries offer to its employees?

Worthington Industries offers a 401(k) retirement savings plan to help employees save for retirement.

Is participation in the 401(k) plan at Worthington Industries mandatory?

No, participation in the 401(k) plan at Worthington Industries is voluntary; employees can choose whether or not to enroll.

What is the employer match for the 401(k) plan at Worthington Industries?

Worthington Industries offers a competitive employer match for its 401(k) plan, typically matching a percentage of employee contributions, subject to specific limits.

How can employees at Worthington Industries enroll in the 401(k) plan?

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

What investment options are available in Worthington Industries' 401(k) plan?

Worthington Industries provides a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can employees at Worthington Industries change their contribution percentage to the 401(k) plan?

Yes, employees at Worthington Industries can change their contribution percentage to the 401(k) plan at any time, typically through the HR portal.

What is the vesting schedule for employer contributions in the Worthington Industries 401(k) plan?

The vesting schedule for employer contributions in the Worthington Industries 401(k) plan may vary, but generally, employees become fully vested after a certain number of years of service.

Does Worthington Industries offer any financial education resources for employees regarding the 401(k) plan?

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

At what age can employees at Worthington Industries start withdrawing from their 401(k) plan without penalties?

Employees at Worthington Industries can generally start withdrawing from their 401(k) plan without penalties at age 59½, subject to specific IRS regulations.

Are there loans available against the 401(k) plan at Worthington Industries?

Yes, Worthington Industries may allow employees to take loans against their 401(k) plan balance, subject to the plan's specific terms and conditions.

New call-to-action

Additional Articles

Check Out Articles for Worthington Industries employees

Loading...

For more information you can reach the plan administrator for Worthington Industries at 200 West Old Wilson Bridge Rd. Columbus, OH 43085; or by calling them at 800-944-2255.

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Worthington Industries employees