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

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

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Healthcare Provider Update: Avnet's healthcare provider is typically managed through Aetna, offering comprehensive health benefits to its employees. As the year 2026 approaches, significant challenges loom over healthcare costs. The expiration of enhanced federal subsidies for the Affordable Care Act (ACA) is anticipated to trigger premium hikes that could exceed 60% in some states, placing financial strain on millions of enrollees. With medical costs continuously rising and projections indicating a general cost increase of approximately 7.5% for individual plans, consumers may face alarming out-of-pocket expenses, significantly impacting access to healthcare services. The confluence of these factors necessitates proactive planning for both employers and employees to mitigate the potential financial burden ahead. 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 Avnet 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 Avnet 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 Avnet 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 Avnet 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 Avnet 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 Avnet, 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 Avnet 401k plan?

The Avnet 401k plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for their financial future.

How can I enroll in the Avnet 401k plan?

To enroll in the Avnet 401k plan, employees can log into the employee portal and follow the enrollment instructions or contact the HR department for assistance.

Does Avnet offer matching contributions to the 401k plan?

Yes, Avnet offers matching contributions to the 401k plan, which means the company will match a certain percentage of your contributions, helping you save more for retirement.

What types of investments are available in the Avnet 401k plan?

The Avnet 401k plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance and retirement goals.

When can I start contributing to the Avnet 401k plan?

Employees at Avnet can start contributing to the 401k plan as soon as they are eligible, typically after completing a certain period of employment.

Is there a vesting schedule for Avnet’s 401k matching contributions?

Yes, Avnet has a vesting schedule for its matching contributions, which means employees must work for a certain number of years before they fully own the matched funds.

Can I take a loan from my Avnet 401k plan?

Yes, Avnet allows employees to take loans from their 401k plan, subject to certain terms and conditions outlined in the plan documents.

What happens to my Avnet 401k if I leave the company?

If you leave Avnet, you have several options for your 401k, including rolling it over to a new employer’s plan, transferring it to an IRA, or cashing it out, though penalties may apply.

How often can I change my contribution amount for the Avnet 401k plan?

Employees can change their contribution amount to the Avnet 401k plan at any time, but changes may take effect in the next pay period.

Are there any fees associated with the Avnet 401k plan?

Yes, there may be administrative fees or investment-related fees associated with the Avnet 401k plan, which are disclosed 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.
Avnet announced a restructuring plan to reduce its global workforce by 10% in response to decreased demand and economic uncertainty. The company is also adjusting its benefit offerings to better align with its reduced workforce.
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For more information you can reach the plan administrator for Avnet at 2211 South 47th Street Phoenix, AZ 85034; or by calling them at +1 480-643-2000.

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