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

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Discover the Top 8 California Cities Perfect for Topgolf Callaway Brands Employees to Embrace Retirement Bliss

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Healthcare Provider Update: Healthcare Provider for Topgolf Callaway Brands Topgolf Callaway Brands partners primarily with UHC (UnitedHealth Group) for employee healthcare coverage. As one of the major players in the insurance market, UHC provides various healthcare plans to Topgolf employees, giving them access to a wide range of medical services and resources. Potential Healthcare Cost Increases in 2026 for Topgolf Callaway Brands As we approach 2026, Topgolf Callaway Brands employees may face significant increases in healthcare costs driven by a combination of factors. Premiums in the ACA marketplace are projected to rise sharply, with some states seeing hikes exceeding 60%. If enhanced federal subsidies are not renewed, 92% of policyholders could potentially see their out-of-pocket premiums surge by over 75%. Consequently, Topgolf employees should prepare for these financial strains by reviewing their health benefits and exploring strategies to mitigate increased expenses effectively. Click here to learn more

California's diverse landscape, encompassing mountains, beaches, deserts, palm trees, national parks, and consistently sunny weather, has become a significant draw for Topgolf Callaway Brands retirees across the United States. The state's natural beauty and lifestyle options are a major attraction, despite the relatively high cost of living and housing expenses, especially in coastal areas. While California is known for its less favorable tax environment for Topgolf Callaway Brands retirees, many have strategically planned their finances to make the most of what the state has to offer.

To assist in Topgolf Callaway Brands retirement planning, we have compiled a comprehensive list of the best places to retire in California. This list, crafted with the expertise of local real estate professionals, balances various factors such as cost, environment, location, lifestyle, services, and healthcare.

1. Greater Palm Springs : Spanning nine cities, the Coachella Valley offers a variety of options for Topgolf Callaway Brands retirees, including numerous over-55 communities and new developments like Cotino in Rancho Mirage. The median price for a standard home here is around $580,000, with luxury homes in top country clubs averaging about $3.8 million. Palm Springs International Airport provides connectivity, and the cost of living is approximately 31% above the national average. The area also boasts excellent healthcare facilities.

2. Oxnard : This Ventura County city, located near Los Angeles, features beaches, farms, and historic sites. It's the gateway to the Channel Islands National Park and offers a rich cultural scene. The cost of living is about 54% above the national average, but affordable housing options are available, with entry-level homes starting between $350,000 to $600,000.

3. Paso Robles : Situated midway between Los Angeles and San Francisco, this region is known for its wineries, lakes, and hot springs. The median home price was $715,000 as of October 2023. It offers a blend of cultural richness and scenic beauty, with various community options for Topgolf Callaway Brands retirees, including new and affordable housing projects.

4. Torrance : Close to Los Angeles, Torrance is known for its health-focused lifestyle, beaches, and hiking trails. It was ranked among the best cities for retirees in America and one of the healthiest places to live. The median home price is around $1.1 million.

5. Lakeport : In Lake County, known for its excellent air quality and being one of the most affordable places in California, Lakeport offers outdoor activities and community events. The median home price is $339,000, with living costs and healthcare close to national averages.

6. Carmel-by-the-Sea : A picturesque town in Monterey County, it tops the list of best places to retire in California for 2023. The cost of living is 52% above the national average, with a median home price of $2.3 million. It offers a mix of cultural and outdoor activities.

7. Bakersfield : Known for its warm climate and outdoor activities, Bakersfield's cost of living is slightly below the national average. It's recognized for its dry summers, mild winters, and fresh local produce. The median home price is $439,000.

8. Carlsbad : In North San Diego County, Carlsbad is known for its beaches, cultural activities, and small-town atmosphere. While the cost of living is 55% above the national average, the area is appreciated for its natural beauty and healthcare facilities. The median home price is $978,500.

Each of these locations offers unique benefits and challenges, and the choice largely depends on personal preferences and financial considerations. These destinations reflect California's diverse offerings, from luxury options to more affordable, yet still enriching, retirement lifestyles.

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In addition to the picturesque locations and lifestyle amenities, many of these top Topgolf Callaway Brands retirement destinations in California offer robust senior community programs that focus on lifelong learning and enrichment. For instance, places like Carmel-by-the-Sea and Pasadena are home to institutions like community colleges and cultural centers that offer a variety of courses and workshops tailored for retirees. These programs often cover topics from local history to technology, appealing to the intellectually curious and socially active retiree. Engaging in such community-based educational programs not only enhances mental stimulation but also provides opportunities for social interaction, a key aspect of a fulfilling retirement. This aspect is particularly appealing to the target demographic of accomplished professionals and retirees who value continued learning and community engagement. (Source: AARP, 'Lifelong Learning Opportunities in Retirement Communities,' published in 2022).

Discover the best places to retire in California, a guide for those seeking a fulfilling and luxurious retirement lifestyle. Explore our expertly curated list of top retirement destinations, including Palm Springs, Oxnard, Paso Robles, Torrance, Lakeport, Carmel-by-the-Sea, Bakersfield, and Carlsbad. Each location offers unique benefits, from serene coastal living to vibrant cultural scenes, ensuring a rich and diverse Topgolf Callaway Brands retirement experience. Learn about the cost of living, healthcare facilities, and real estate options in these sought-after Californian locales. Ideal for discerning retirees who prioritize quality of life, natural beauty, and a range of activities in their golden years.

Choosing the perfect retirement spot in California is like selecting a fine wine from a prestigious vineyard. Just as a connoisseur appreciates the unique notes and qualities of a vintage, tailored to their palate, retirees can select from California's diverse locales, each offering distinct lifestyles and amenities. Palm Springs, with its vibrant outdoor culture, is akin to a bold Cabernet Sauvignon, full of flavor and depth. Oxnard's coastal serenity resembles a crisp Chardonnay, offering a refreshing and tranquil experience. The historical richness of Paso Robles mirrors a complex Merlot, while the bustling, health-focused lifestyle of Torrance is like a rejuvenating sparkling wine. Lakeport's affordability and natural beauty are comparable to a hidden gem of a Pinot Noir, offering quality without pretense. Carmel-by-the-Sea's artistic charm is akin to a sophisticated Bordeaux blend, rich and layered. Bakersfield, practical and sunny, is like a reliable Zinfandel, while Carlsbad's luxurious coastal living is reminiscent of a top-shelf Champagne. Just as each wine appeals to different tastes, these Californian destinations cater to various retirement dreams, ensuring a fulfilling and enriched golden era.

 

What type of retirement savings plan does Topgolf Callaway Brands offer to its employees?

Topgolf Callaway Brands offers a 401(k) retirement savings plan to its employees.

How can employees of Topgolf Callaway Brands enroll in the 401(k) plan?

Employees of Topgolf Callaway Brands can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Is there a company match for contributions made to the 401(k) plan at Topgolf Callaway Brands?

Yes, Topgolf Callaway Brands provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

What is the minimum contribution percentage required for employees at Topgolf Callaway Brands to receive the company match?

Employees at Topgolf Callaway Brands typically need to contribute at least 3% of their salary to qualify for the company match.

Can employees of Topgolf Callaway Brands choose how their 401(k) contributions are invested?

Yes, employees of Topgolf Callaway Brands can select from a variety of investment options for their 401(k) contributions.

What is the vesting schedule for the company match in the 401(k) plan at Topgolf Callaway Brands?

The vesting schedule for the company match at Topgolf Callaway Brands generally follows a standard schedule, which may vary based on tenure.

Are there any fees associated with the 401(k) plan at Topgolf Callaway Brands?

Yes, there may be administrative fees associated with the 401(k) plan at Topgolf Callaway Brands, which are disclosed in the plan documents.

How often can employees at Topgolf Callaway Brands change their contribution amounts to the 401(k) plan?

Employees at Topgolf Callaway Brands can typically change their contribution amounts on a quarterly basis.

What happens to the 401(k) plan if an employee leaves Topgolf Callaway Brands?

If an employee leaves Topgolf Callaway Brands, they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out.

Does Topgolf Callaway Brands offer educational resources about the 401(k) plan?

Yes, Topgolf Callaway Brands provides educational resources and workshops to help employees understand their 401(k) plan options.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Topgolf Callaway Brands offers a 401(k) plan as part of its retirement benefits for employees. The plan allows eligible employees to contribute a percentage of their income into a tax-advantaged retirement account. For the years 2022, 2023, and 2024, Topgolf Callaway Brands maintained its defined contribution plan in alignment with IRS limits, which included annual contribution limits of $20,500 in 2022, $22,500 in 2023, and $23,000 in 2024, with catch-up contributions of $6,500 for those over 50 in 2022 and 2023, and $7,500 in 2024​ (Wikipedia)​ (Pension Rights Center). The company uses a 401(k) plan to attract and retain employees, offering matching contributions up to a certain percentage, typically around 4%, although exact figures may vary depending on the employee's role and location. Eligible employees can begin contributing to their 401(k) plan upon hire or after a short waiting period, with contributions vesting over a set number of years.
Topgolf Callaway Brands has announced multiple strategic reviews in 2023-2024, including the consideration of spinning off Topgolf to optimize the company's structure and increase shareholder value. In 2023, the company performed solidly in terms of revenue, reporting strong performance in its golf equipment segment and delivering over $4.28 billion in revenue. However, the company is actively considering cost-saving measures, including operational restructuring, that could lead to potential layoffs and benefit adjustments. Additionally, Topgolf Callaway Brands has been adjusting its pension and 401(k) plans, focusing on competitive retirement savings offerings to retain key talent in a challenging economic environment​ (Topgolf Callaway Brands) .
Topgolf Callaway Brands (MODG) offers stock options and Restricted Stock Units (RSUs) as part of its employee compensation strategy. In 2022, the company granted stock options primarily to senior executives and long-term employees. These stock options were issued under the MODG incentive program, aligning compensation with company performance​ (Topgolf Callaway Brands). In 2023, RSUs were expanded across the company to include mid-level managers, allowing broader employee participation in equity ownership. This helps align employee incentives with the company’s success​ (MyGolfSpy). The 2024 plan introduced additional vesting options to retain talent over the long term, targeting specific milestones within the company​ (MarketBeat).
Topgolf Callaway Brands provides a range of health benefits to its employees, focusing on comprehensive insurance packages, wellness programs, and preventive care. Specific healthcare-related terms and acronyms frequently associated with their offerings include PPO (Preferred Provider Organization), HSA (Health Savings Account), and EAP (Employee Assistance Program). Additionally, they offer dental, vision, and mental health services. In 2023 and 2024, Topgolf Callaway Brands emphasized wellness initiatives, including mental health support, reflecting the broader trend in corporate healthcare strategies to integrate wellness with traditional health insurance. The company also made notable adjustments to its healthcare plans, particularly focusing on affordability and accessibility, by expanding telehealth services and preventive care benefits.
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For more information you can reach the plan administrator for Topgolf Callaway Brands at , ; or by calling them at .

https://en.wikipedia.org/wiki/401(k) https://pensionrights.org/resource/retirement-plan-contribution-and-benefit-limits/ https://www.kiplinger.com/taxes/tax-planning/604591/net-unrealized-appreciation-a-hidden-tax-strategy https://carlsoncap.com/articles/nua-net-unrealized-appreciation/ https://www.topgolfcallawaybrands.com/news-releases/news-release-details/topgolf-callaway-brands-release-fourth-quarter-and-full-year https://mygolfspy.com/news-opinion/topgolf-callaway-2023-sales-hit-4-285-billion/ https://www.marketbeat.com/stocks/NYSE/MODG/earnings/#google_vignette https://press.topgolf.com/ https://thegolfnewsnet.com/ https://press.topgolf.com/2021-03-08-Callaway-Golf-Company-Completes-Merger-with-Topgolf-Creating-an-Unrivaled-Global-Leader-in-the-Game-of-Golf https://www.investopedia.com/ https://thegolfnewsnet.com/ryan_ballengee/2024/03/20/topgolf-to-be-spun-off-into-its-own-company-with-callaway-golf-sold-away-report-131894/ https://www.callawaygolf.com/careers https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://golf.com/news/callaways-topgolf-acquisition-working-out/

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