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

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ABM Industries Employees: Discover the Exciting Possibilities of Continuing Your Career in Retirement

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Healthcare Provider Update: Healthcare Provider for ABM Industries ABM Industries primarily partners with various insurance providers to offer healthcare benefits to its employees. While specific contracts may vary, commonly engaged healthcare insurers for employee benefits may include Blue Cross Blue Shield (BCBS), Aetna, and UnitedHealthcare, among others. Potential Healthcare Cost Increases in 2026 As healthcare costs continue to rise, employees of ABM Industries should be prepared for significant increases in out-of-pocket premiums in 2026. With the potential expiration of enhanced federal subsidies under the Affordable Care Act (ACA), many employees may face premium hikes exceeding 75%. The perfect storm of escalating medical costs, driven by high drug prices and labor expenses, is compounded by insurer rate increases, with reports indicating some states may see hikes surpassing 60%. Given these factors, careful planning is essential for employees to navigate their healthcare options effectively amidst such financial pressures. Click here to learn more

The idea of blending generations in the workplace and the pursuit of 'encore careers' provide a significant change in our understanding of the length and importance of our professional life in the work and career dynamics of today. Author and businessman Marc Freedman speaks eloquently about these subjects, highlighting the many advantages of working past conventional retirement age and the ways in which ABM Industries professionals can reinvent themselves through fulfilling second careers.


The conversation between Christine Benz and Amy Arnott of Morningstar and Freedman reveals a thorough grasp of the social and individual ramifications of working later in life. Freedman, who managed a home with kids after surpassing the conventional retirement age, highlights the significant emotional and social advantages of long-term employment in addition to its financial necessity. He brings up a study conducted ten years ago that found retirees frequently miss the fruitful interactions and teamwork that come with working toward worthwhile objectives. This realization supports Freud's claim that the two most important aspects of being human are love and work, which provide us with a purpose to get out of bed in the morning and the thread that binds our social networks together.

The desire to prolong working life for ABM Industries employees, however, is confronted with real obstacles, such as societal and infrastructure impediments that impede people's ability to smoothly enter this new stage of life. Freedman draws attention to the disparity that exists between the desire and reality of working longer hours. He emphasizes the necessity for additional supportive systems that facilitate older workers' entry and exit from the labor.

Innovative attempts to easing these transitions are exemplified by encouraging developments, like higher education programs tailored for individuals in their later years. Programs like the Encore Fellowship at Harvard and the Advanced Leadership Initiative provide a means for seasoned professionals to reevaluate their purpose, acquire fresh perspectives, and get ready for meaningful encore careers. Though specifically designed to meet the needs and goals of ABM Industries individuals seeking to reinvent their later years, these programs are a reflection of the transitional support networks that have historically been accessible to young adults.


Maintaining a job at ABM Industries well into old age has several advantages, including social interaction, financial security, and a strong feeling of purpose. Surgeon General Vivek Murthy's focus on the scourge of loneliness is addressed by research, which also highlights the fundamental connection between meaningful living and health. This research includes insights from the Blue Zones series. The workplace becomes a vital setting for building relationships and satisfying the human need for purposeful work, as Marge Piercy so eloquently puts it: 'The pitcher cries for water to carry and a person for work that is real.'

Prominent individuals such as Jimmy Carter, whose humanitarian endeavors after leaving the presidency exemplify the possibility of meaningful work later in life, serve as inspiration for Freedman's concept of the encore career. These professions frequently represent an evolution rather than a radical break from earlier work, building upon the knowledge, expertise, and interests cultivated throughout a lifetime. Gary Maxworthy is a prime example; driven by both a personal loss and a lifetime of experience in food distribution, he created the Farm to Family program, which greatly increased the caliber and amount of food that food banks could provide.

This story not only describes the 5 million Americans who are now pursuing encore careers, but it also suggests that society could utilize the talents of an additional 21 million people who make this shift a priority. These professionals' combined experience and knowledge constitute a powerful resource that, with proper mobilization, may have a significant positive impact on society.

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To sum up, the trend toward longer working lifespans and the desire for encore careers represents a more expansive vision for our career and personal paths. It promotes a social reassessment of the potential contributions of elder generations, highlighting the significance of establishing pathways for ongoing development, fulfillment, and contribution. We can change the way people think about work and retirement by implementing creative programs and providing strategic assistance. This will help to create a future in which ABM Industries employees and the rest of the work force has the chance to pursue work that is both financially and personally fulfilling.

When considering career options after retirement from ABM Industries, it's important to keep in mind that, according to a 2022 report from the Bureau of Labor Statistics, people 65 and older are expected to join the workforce at a rate that will increase faster than that of any other age group through 2030. This pattern highlights a change toward career participation in later life, indicating seniors' need and desire to continue being involved in the workforce. These figures demonstrate how retirement is changing, indicating that it is no more a definite conclusion to employment but rather a stage of transition for many people.

See retirement as the beginning of an exciting new chapter in a big, ongoing tale, rather than the end of a book. Retirement provides a rich environment for growth, change, and the cultivation of new endeavors for the modern professional, much like an experienced gardener doesn't just hang up their tools at the end of the season but instead starts planning for the next bloom. This can be viewed as a chance to gather the wealth of knowledge and experience accumulated over a lifetime and plant the seeds for a second career that will be personally fulfilling and contribute positively to society. Those entering this stage can combine their in-depth knowledge with novel endeavors, much like a gardener who understands that the best crops are produced through a combination of old and new ways. This will ensure that their legacy endures and influences future generations.

What is the primary purpose of the 401(k) plan at ABM Industries?

The primary purpose of the 401(k) plan at ABM Industries is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.

Does ABM Industries offer a matching contribution for its 401(k) plan?

Yes, ABM Industries offers a matching contribution to encourage employees to save for retirement, which can significantly enhance their retirement savings.

What are the eligibility requirements for participating in ABM Industries' 401(k) plan?

Employees of ABM Industries are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually 30 days.

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

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

What types of investment options are available in ABM Industries' 401(k) plan?

ABM Industries' 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and possibly company stock, allowing employees to choose based on their risk tolerance.

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

Yes, employees at ABM Industries can change their contribution percentage at any time, subject to the plan's guidelines.

Is there a vesting schedule for ABM Industries' matching contributions?

Yes, ABM Industries has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period before they fully own the employer's contributions.

What happens to the 401(k) plan if an employee leaves ABM Industries?

If an employee leaves ABM Industries, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the money in the ABM Industries plan if allowed.

Are there loans available against the 401(k) balance at ABM Industries?

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

How often can employees at ABM Industries make changes to their investment allocations in the 401(k) plan?

Employees at ABM Industries can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
ABM Industries is laying off 176 janitorial workers in San Antonio due to the end of a contract with Flowers Baking Co.
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For more information you can reach the plan administrator for ABM Industries at 551 Fifth Avenue, Suite 300 New York, NY 10176; or by calling them at (212) 297-0200.

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