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Kontoor Brands Employees: Navigating the Challenges of Returning to the Office and Its Impact on Your Retirement Plans

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The shift from remote to in-office work environments is changing the nature of the professional setting in today's work environment. This change has significant repercussions for both firms and people, while it also offers opportunities for improved cultural connectivity and collaboration. With these drastic changes its crucial for companies like Kontoor Brands to stay informed in these evolving times. 

A noteworthy BetterUp survey highlights the sharp decline in mostly remote positions—a 50% drop—and finds that 25% of companies are requiring employees to return to the office in order to promote better relationships and company culture. This shift is not without its challenges, though. A startling reality is revealed by research involving 1,400 full-time U.S. employees who were required to report back to work: increased levels of stress, burnout, and inclinations to quit were noted, along with decreased engagement, worse productivity, and a lowered sense of trust in their businesses. These results point to the necessity of a return-to-office (RTO) strategy that is infused with human experience, empathy, and sensitivity in order to preserve a positive workplace culture and a strong sense of belonging among employees. If you are feeling burn out or increased levels of stress, as a Kontoor Brands employee, it may be beneficial to be aware of your policies and procedures when it comes to remote or in-person work.

RTO comes with a number of difficulties for individuals. One way that in-person work can improve social connectedness and life satisfaction is through research done in collaboration with the University of California, Riverside. Face-to-face encounters are clearly important for fostering deeper professional connections, but the way RTO regulations are explained and applied can breed animosity, which impedes real involvement and teamwork in the workplace.

Research indicates that commutes longer than thirty minutes are associated with higher levels of stress and rage, and longer than forty-five minutes are associated with worsened health and well-being. The inability to balance obligations at work and at home is another major obstacle, underscoring the need of time management in the fast-paced world of today. Contrary to popular belief, remote work has been demonstrated to support corporate objectives, and workers frequently put in additional hours while working from home.

RTO does, however, also offer chances for expansion and adaptability. Having the freedom to select one's own working arrangement can improve wellbeing and productivity. The financial ramifications of going back to work, where workers must pay $561 on average each month in connected expenses, highlight the necessity for businesses to take the financial strain on their staff into account.


There are a few ways to lessen the impact of the return to work transition for staff members. Vital measures include embracing the opportunity to strengthen professional relationships, viewing the return to the office as an opportunity to improve work-life balance, and speaking up in favor of the help and resources that you need. It is imperative that Kontoor Brands workers effectively communicate their demands in order to take advantage of the chance to establish better routines and habits.

Important problems concerning the future of work and striking a balance between business goals and employee well-being are brought up by the discussion surrounding RTO regulations. It is crucial that leaders tackle this shift with a sophisticated awareness of how it will affect the workforce as we negotiate these changes.

Together with their commitment to rethinking workplace norms, Christine Carter, Ph.D., Erin Eatough, Ph.D., Kristi Leimgruber, Ph.D., and Khoa Le Nguyen, Ph.D. from BetterUp give insightful thoughts on managing the complexity of this transformation. The conversation around remote versus in-office work will continue to be crucial in determining the nature of work in the future as the professional landscape changes, highlighting the need of flexibility, empathy, and strategic planning in creating a strong and productive workplace.

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Returning to work has financial ramifications for those who are getting close to retirement that go beyond immediate costs. According to a January 2023 National Bureau of Economic Research study, employees sixty years of age and older would probably encounter more difficulties when it comes to long-term financial planning because of the increasing expenses associated with office-related charges and commuting. This group, which was already juggling retirement savings targets, will now need to reevaluate their financial plans in order to account for these unanticipated expenses. This emphasizes the significance of thorough financial planning and guidance for individuals returning to traditional office work later in their careers. For Kontoor Brands employees close to retirement age, having a well prepared finical plan is crucial as the workforce continues to change. Speaking with an advisor with a focus on Kontoor Brands can help you develop a finical plan specifically for you. 

After working remotely for a while, going back to the office is like replanting a well-established garden. Employees are being uprooted from their comfortable, productive home offices to the corporate landscape, just like a gardener must carefully pluck plants that have flourished in one environment and transplant them into another, possibly less suited one. Although the goal of this shift is to revitalize corporate culture and teamwork, there are unintended consequences and difficulties. The costs are similar to what a gardener would have to spend on extra water, fertilizer, and care to ensure the transplanted plants survive—roughly the same as a month's worth of groceries. However, rather than the desired development and thriving, the shock to both plants and employees might result in stress and resentment if proper acclimation and support are not provided. This analogy emphasizes how crucial it is to provide the transition with comprehension and assistance in order to guarantee a successful outcome for the corporate ecosystem.

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

Kontoor Brands offers a 401(k) retirement savings plan to help employees save for their future.

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

Employees can enroll in the Kontoor Brands 401(k) plan by accessing the enrollment portal through the company’s HR website or by contacting the HR department for assistance.

Does Kontoor Brands match employee contributions to the 401(k) plan?

Yes, Kontoor Brands provides a matching contribution to employee contributions, helping to enhance retirement savings.

What is the vesting schedule for the 401(k) match at Kontoor Brands?

The vesting schedule for the Kontoor Brands 401(k) match typically follows a standard schedule, which employees can review in the plan documents provided by the HR department.

Can employees of Kontoor Brands change their contribution percentage to the 401(k) plan?

Yes, employees can change their contribution percentage to the Kontoor Brands 401(k) plan at any time, subject to plan rules.

What investment options are available in the Kontoor Brands 401(k) plan?

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

Is there a loan option available through the Kontoor Brands 401(k) plan?

Yes, Kontoor Brands allows employees to take loans against their 401(k) balance, subject to certain terms and conditions.

How can employees access their 401(k) account information at Kontoor Brands?

Employees can access their 401(k) account information through the plan’s online portal or by contacting the plan administrator.

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

If an employee leaves Kontoor Brands, they have several options for their 401(k) balance, including rolling it over to another retirement account or leaving it in the Kontoor Brands plan if eligible.

Are there any fees associated with the Kontoor Brands 401(k) plan?

Yes, there may be fees associated with the Kontoor Brands 401(k) plan, which are disclosed in the plan documents and can vary based on investment choices.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
For Kontoor Brands, the company offers a 401(k) Savings Plan as part of its employee retirement benefits. In 2022 and 2023, the plan was structured to allow employees to make elective deferrals from their salaries, which are matched by the company under a safe harbor provision. Employees can also participate in hardship withdrawals and loans from their 401(k) accounts, subject to IRS rules. Participants may access their accounts at retirement, disability, death, or termination of employment. Vesting is immediate for all employee contributions and the company's matching contributions​ (Kontoor Brands, Inc.)​ (Kontoor Brands, Inc.). The company's pension-related benefits have changed over time, with a move away from traditional defined benefit plans to more flexible, employee-directed investment plans such as the 401(k). Kontoor Brands reported pension assets in their financial statements, noting a median total pension plan asset of $9.25 million from fiscal years ending 2019 through 2023​ (finbox). Although specific defined benefit pension plans were not emphasized in recent years, restructuring efforts resulted in gains from pension curtailments during fiscal events such as in 2022​
News: In 2023, Kontoor Brands initiated workforce reductions as part of its global restructuring efforts. The company announced layoffs across several regions, including the U.S. and Europe, to streamline its operations under the "Project Jeanius Global Transformation" initiative. This restructuring also included the relocation of Kontoor's European headquarters, resulting in severance payments and other employee-related costs, while attempting to globalize its operating model​ (Business Wire)​ (Kontoor Brands, Inc.)​ (Kontoor Brands, Inc.). Additionally, Kontoor overhauled its 401(k) plan by updating its investment options lineup, providing employees with better financial planning resources for retirement​ (Business Wire).
Stock Options: Kontoor Brands provides eligible employees with stock options, allowing them to purchase shares at a predetermined exercise price. The vesting schedules for stock options at Kontoor Brands typically span over three to four years. As of 2022 and continuing into 2023 and 2024, these stock options were available to mid-to-senior-level employees, primarily in management roles​ (Kontoor Brands, Inc.). RSUs: Kontoor Brands also grants RSUs, which vest over a set period, typically three years. RSUs do not require employees to purchase shares, but rather, once vested, they convert into actual shares of Kontoor Brands stock. This feature ensures that employees benefit directly from the company's stock price performance. The availability of RSUs in 2022, 2023, and 2024 extended to a broader group of employees, including executives and high-performing individuals within various business units
Kontoor Brands, a global lifestyle apparel company, provides a comprehensive health and wellness program to support its employees' physical and financial well-being. Their benefits include competitive healthcare plans designed to offer flexibility, security, and choice to meet the needs of employees and their families. Key health benefits include medical, dental, and vision coverage, along with access to wellness programs like an onsite gym, company cafeteria, and a community garden​ (Kontoor Brands, Inc.)​ (Kontoor Brands, Inc.)​ (Kontoor Brands, Inc.). Employee health is further supported by Employee Resource Groups (ERGs) and affinity networks, which focus on fostering diversity, inclusion, and a sense of community. Additionally, Kontoor offers paid time off for volunteering, promoting community engagement through activities like planting pollinator gardens and installing denim insulation in homes​
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For more information you can reach the plan administrator for Kontoor Brands at , ; or by calling them at .

https://www.kontoorbrands.com/investors/financial-info/sec-filings/content/0001760965-24-000037/ktb202311-k.htm https://finbox.com/NYSE:KTB/explorer/pension_assets/ https://www.kontoorbrands.com/ https://www.kontoorbrands.com/news-media/press-release/136/kontoor-brands-reports-third-quarter-2022-results-updates https://www.businesswire.com/news/home/20240801389189/en/Kontoor-Brands-Reports-2024-Second-Quarter-Results-Raises-Full-Year-Outlook https://www.kontoorbrands.com/investors https://www.kontoorbrands.com/ https://www.kontoorbrands.com/about https://stockanalysis.com/stocks/ktb/employees/ https://www.kontoorbrands.com/investors/news-events/press-releases/detail/174/kontoor-brands-reports-2023-fourth-quarter-and-full-year https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://www.kontoorbrands.com/careers/benefits https://www.kontoorbrands.com/careers/benefits

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