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Discover the Top 10 Charming Small Towns Perfect for Retirees from Five Below

Healthcare Provider Update: Healthcare Provider for Five Below Five Below, a popular retail chain that focuses on selling a variety of items priced at $5 and below, utilizes Aetna as their healthcare provider. This partnership enables employees to access a range of health insurance plans and benefits that support their wellness needs. Potential Healthcare Cost Increases in 2026 As the healthcare landscape shifts, significant premium hikes are anticipated in 2026, particularly for those enrolled in Affordable Care Act (ACA) marketplace plans. With some states projecting increases exceeding 60%, the absence of enhanced federal premium subsidies will exacerbate this situation, potentially raising out-of-pocket premium costs by over 75% for most enrollees. This financial strain-coupled with ongoing medical cost inflation-could jeopardize access to affordable healthcare for millions of Americans, especially those with chronic conditions who rely on comprehensive coverage. Click here to learn more

The American landscape is dotted with small towns that offer a unique blend of nostalgia, tradition, and modern living. These towns provide an idyllic setting for Five Below retirees seeking a blend of comfort, culture, and convenience. With populations ranging from under 10,000 to several times that, these towns are characterized not just by their size, but also by their distinct lifestyle and strong sense of community. This exploration takes into account various factors crucial for a fulfilling Five Below retirement life, including cost of living, crime rates, healthcare facilities, housing options, and cultural and recreational activities.

1. Greer, South Carolina

Greer, with a population of about 39,000, epitomizes small-town charm with a revitalized downtown area, abundant recreational activities, and a range of cultural events. Its strategic location near Greenville-Spartanburg International Airport and Amtrak services enhances its accessibility.

2. Coolidge, Arizona

Set in the Sonoran Desert, Coolidge is a haven for those preferring a desert climate. With just over 14,700 residents, it offers a lower cost of living than the national and Arizona average. The town is also notable for the Casa Grande Ruins National Monument and Central Arizona College's community educational programs.

3. Dillsboro, North Carolina

Nestled on the banks of the Tuckasegee River, Dillsboro is a historic railroad town with fewer than 300 residents. Its 19th-century charm is complemented by a variety of arts and crafts centered activities. The cost of living here aligns with the national average, and Asheville is less than an hour away for Five Below retirees seeking urban amenities.

4. Fredericksburg, Texas

This town, in the heart of Texas Hill Country, has a rich German heritage. Home to over 100 wineries and designated as a Dark Sky Community, Fredericksburg offers a diverse cultural experience. It is also conveniently located within 70 miles of San Antonio and Austin.

5. Cedar Key, Florida

A quintessential small Florida town, Cedar Key boasts a population of fewer than 900. It is renowned for its tranquil environment, proximity to nature reserves, and a rich seafood culture. The town's low to moderate cost of living is an added advantage.

6. Paso Robles, California

Positioned between San Francisco and Los Angeles, Paso Robles is known for its wineries, vibrant downtown area, and a variety of outdoor activities. It provides a perfect blend of rural charm and urban convenience.

7. Stroudsburg, Pennsylvania

Located in the Pocono Mountains, Stroudsburg offers a mix of historical and modern amenities with a population of fewer than 6,000. The town is a hub for local arts and crafts and provides various family-oriented activities.

8. Mequon, Wisconsin

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Mequon, near Milwaukee, offers a balance of open spaces and urban amenities. The Village of Thiensville within Mequon is a focal point for community events and local celebrations, enhancing its small-town appeal.

9. Bristol, Vermont

Bristol, with less than 4,000 residents, is a New England town known for its scenic beauty and vibrant community events. It offers a tranquil environment with a historic downtown area.

10. Hamilton, Montana

Hamilton is ideal for active Five Below retirees who love the outdoors. With fewer than 5,000 residents, it offers a rural lifestyle with the convenience of a nearby city, Missoula. The town is noted for its historical museum and local college.

These towns offer a unique combination of affordability, safety, wellness, and cultural richness, making them attractive destinations for Five Below retirees seeking a simpler yet fulfilling lifestyle. They each provide a distinctive living experience, ensuring that every retiree can find a town that best suits their preferences and lifestyle needs.

A notable trend among retirees, particularly those from high-level corporate backgrounds, is the increasing interest in 'lifelong learning' opportunities offered in small towns. For example, Fredericksburg, Texas, not only offers cultural and wine experiences but is also in proximity to several colleges offering a range of adult education courses. This aligns with a study by the National Center for Education Statistics, which found that individuals over 50 are increasingly enrolling in courses for personal growth, skill development, and intellectual stimulation. This trend underlines the appeal of small towns that provide not just leisure but also avenues for continuous learning and engagement (National Center for Education Statistics, 2022).

Discover the top small towns in the U.S. perfect for Five Below retirees seeking a blend of tranquility, cultural richness, and lifestyle convenience. Explore our curated list of destinations, from Greer, South Carolina's charming downtown to Fredericksburg, Texas, a haven for wine lovers and lifelong learners. Uncover hidden gems like Dillsboro, North Carolina, for its historic charm, and Cedar Key, Florida, for its serene coastal life. Learn about each town's unique offerings, including healthcare, safety, and cost of living. Ideal for those planning retirement or seeking a peaceful getaway. Dive into our guide to find your perfect small-town retirement haven.

Selecting a small town for retirement is akin to choosing the perfect wine from a well-curated cellar. Just as a connoisseur selects a wine that suits their palate, balancing notes of flavor, aroma, and vintage, so too does a retiree choose a town that harmonizes with their lifestyle, interests, and needs. Each town, like each bottle of wine, has its unique character and charm. From the historic and culturally rich streets of Fredericksburg, Texas, reminiscent of a robust, aged Bordeaux, to the tranquil, seaside serenity of Cedar Key, Florida, echoing the crisp freshness of a Pinot Grigio, the choice caters to the diverse tastes of those seasoned in life and looking for the perfect blend of comfort, culture, and community in their retirement years.

What type of retirement savings plan does Five Below offer to its employees?

Five Below offers a 401(k) retirement savings plan to its employees.

Is participation in the 401(k) plan at Five Below mandatory?

No, participation in the 401(k) plan at Five Below is voluntary for employees.

Does Five Below provide any matching contributions to the 401(k) plan?

Yes, Five Below offers matching contributions to eligible employees who participate in the 401(k) plan.

At what age can employees at Five Below start contributing to the 401(k) plan?

Employees at Five Below can start contributing to the 401(k) plan as soon as they meet the eligibility requirements, typically at age 18.

How can employees at Five Below enroll in the 401(k) plan?

Employees at Five Below can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal.

What investment options are available in the Five Below 401(k) plan?

The Five Below 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can employees at Five Below change their contribution percentage to the 401(k) plan?

Yes, employees at Five Below can change their contribution percentage at any time, subject to plan rules.

What is the vesting schedule for Five Below's 401(k) matching contributions?

Five Below has a vesting schedule that typically requires employees to work for a certain number of years before they fully own the matching contributions.

How often can Five Below employees review their 401(k) account statements?

Employees at Five Below can review their 401(k) account statements quarterly or online at any time through the plan’s website.

What happens to the 401(k) plan if an employee leaves Five Below?

If an employee leaves Five Below, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Five Below plan if allowed.

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

For Five Below, the company offers a 401(k) plan but does not provide a traditional pension plan. The 401(k) plan at Five Below includes several key features: Eligibility: Employees must be at least 21 years old to participate. Enrollment in the plan can occur after the first paycheck, with deferrals starting on January 1st or July 1st following the hire date. Employees become eligible for the employer match once they begin deferring contributions. Contributions: Employees can contribute on a pre-tax or after-tax (Roth) basis, up to the IRS annual limits. For 2022, the maximum employee contribution was $20,500, and it increased to $22,500 in 2023. Employees aged 50 and older can make catch-up contributions, with limits of $6,500 in 2022 and $7,500 in 2023. The company offers a match of 100% on the first 4% of eligible contributions and 50% on the next 2%. Vesting: Employees are immediately vested in all 401(k) contributions and any earnings from these contributions.

Restructuring Layoffs and Benefits Changes: Five Below has been focusing on optimizing its workforce as part of a broader strategy to maintain its competitive edge in the retail market. This has included targeted layoffs aimed at streamlining operations, particularly in underperforming locations. The company has also been reviewing its employee benefit structures, including adjustments to retirement plans to better align with current economic conditions. These changes are part of a proactive approach to manage costs while continuing to invest in growth areas like e-commerce.

Company Name: Five Below Stock Options and RSUs Available: Five Below offers stock options and RSUs to eligible employees, including executives and senior management. The RSUs are granted based on performance and tenure. Eligibility: Five Below typically awards stock options and RSUs to high-performing employees and those in key positions. Employees must meet certain performance metrics and tenure requirements to qualify. Company Name: Five Below Stock Options and RSUs for 2022: In 2022, Five Below granted stock options and RSUs to various employees, focusing on those who significantly contributed to the company's growth. The vesting schedule for RSUs is often tied to continued employment over a few years. Source: [Five Below 2022 Annual Report, Page 58] Company Name: Five Below Stock Options and RSUs for 2023 and 2024: For 2023 and 2024, Five Below continued offering stock options and RSUs, with increased emphasis on aligning employee incentives with company performance. The specific terms of these grants were detailed in their annual filings and shareholder communications. Source: [Five Below 2023 Proxy Statement, Page 42]; [Five Below 2024 Annual Report, Page 65] Sources: Five Below 2022 Annual Report, Page 58 Five Below 2023 Proxy Statement, Page 42 Five Below 2024 Annual Report, Page 65

Five Below offers a range of health benefits to its employees, tailored to different needs and employment statuses. Full-time employees can choose from multiple health plans, including High Deductible Health Plans (HDHP) and Exclusive Provider Organization (EPO) plans, each with varying levels of coverage and copays. For example, the EPO plan now features reduced copays, with visits to primary care doctors costing $20 and specialist visits $40. There is also an emphasis on preventive care, with certain plans covering preventive services at 100%. Additionally, Five Below provides access to telemedicine services through CirrusMD, which allows employees to consult with physicians 24/7 via secure video chat or phone. This is part of their partnership with Cigna, which also includes pharmacy benefits. The company has introduced new wellness initiatives like Wellbeats, which offers on-demand workouts, mental health classes, and nutrition education.

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For more information you can reach the plan administrator for Five Below at , ; or by calling them at .

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