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

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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 Fleetcor Technologies 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 Fleetcor Technologies 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 Fleetcor Technologies 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 Fleetcor Technologies 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 Fleetcor Technologies 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 Fleetcor Technologies, 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 type of retirement plan does Fleetcor Technologies offer to its employees?

Fleetcor Technologies offers a 401(k) retirement savings plan to its employees.

How can employees of Fleetcor Technologies enroll in the 401(k) plan?

Employees of Fleetcor Technologies can enroll in the 401(k) plan through the company's HR portal or by contacting the HR department for assistance.

Does Fleetcor Technologies match employee contributions to the 401(k) plan?

Yes, Fleetcor Technologies provides a matching contribution to employees' 401(k) plan contributions, subject to specific terms and conditions.

What is the maximum contribution limit for the Fleetcor Technologies 401(k) plan?

The maximum contribution limit for the Fleetcor Technologies 401(k) plan is in line with IRS guidelines, which can change annually. Employees should refer to the current IRS limits for specifics.

Can employees of Fleetcor Technologies change their contribution percentage to the 401(k) plan?

Yes, employees of Fleetcor Technologies can change their contribution percentage at any time by accessing their account through the HR portal.

What investment options are available in the Fleetcor Technologies 401(k) plan?

The Fleetcor Technologies 401(k) 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 employees of Fleetcor Technologies start withdrawing from their 401(k) plan?

Employees of Fleetcor Technologies can start withdrawing from their 401(k) plan at age 59½, or earlier under certain circumstances, such as financial hardship.

Does Fleetcor Technologies allow loans against the 401(k) plan?

Yes, Fleetcor Technologies allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.

What happens to my 401(k) account if I leave Fleetcor Technologies?

If an employee leaves Fleetcor Technologies, they have several options for their 401(k) account, including leaving it with Fleetcor, rolling it over to another retirement account, or cashing it out (though this may incur taxes and penalties).

Is there a vesting schedule for the matching contributions at Fleetcor Technologies?

Yes, Fleetcor Technologies has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own the matched funds.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Flowserve offers both a 401(k) plan and a defined benefit pension plan to its employees. Flowserve's 401(k) plan provides a company match of $0.75 for every dollar contributed by employees, up to 6% of their salary. This employer match is a significant benefit, encouraging employees to save for retirement while receiving additional contributions from the company. The 401(k) plan at Flowserve is well-regarded for its Roth option, introduced alongside traditional tax-deferred options, allowing employees more flexibility in how they manage their retirement savings​ (Guideline)​ (Home Page). Additionally, Flowserve offers a Cash Balance Plan for certain employees, which is the company's defined benefit pension plan. The Cash Balance Plan provides retirement benefits based on a percentage of the employee’s annual salary and years of service. As the employee's salary increases, so does the balance in their pension plan, which earns interest each year. The Cash Balance Plan formula is structured to accumulate gradually, providing a predictable retirement income for employees who meet the plan's eligibility criteria​
Restructuring Layoffs: Fleetcor Technologies, rebranded as Corpay in 2024, has been undergoing significant changes to align with its new corporate identity. This rebranding is part of a broader strategy to streamline operations and focus on its core business segments. Although no specific layoffs have been officially announced, the restructuring efforts may lead to potential workforce reductions as the company refocuses its resources. Given the current economic pressures, these changes are crucial for maintaining competitiveness and ensuring long-term financial stability. Benefit and Pension Changes: Corpay has not disclosed any direct changes to employee benefits or pension plans as part of its recent transformation. However, given the ongoing economic and political uncertainties, employees should remain vigilant for any future announcements. Changes in tax policies and economic conditions can directly influence corporate benefit decisions, making it essential to monitor updates that may affect retirement planning and financial well-being​
Fleetcor Technologies (NYSE: FLT) offers both stock options and Restricted Stock Units (RSUs) as part of its employee compensation package, primarily under its Amended and Restated Stock Incentive Plan. These options and RSUs are typically awarded to senior management and key employees to align their interests with the long-term performance of the company. Stock Options at Fleetcor allow employees to purchase company stock at a predetermined price, known as the exercise price, after a specified vesting period. The options generally vest over several years and can be exercised upon the completion of this period. The exact terms, including the vesting schedule and the exercise price, are detailed in Fleetcor’s stock incentive plan documents. RSUs represent a promise to deliver company shares to employees at a future date, typically upon meeting certain performance goals or after a vesting period. These RSUs do not require any purchase or exercise by the employee; instead, the shares are automatically granted upon vesting. RSUs are often used as a retention tool, providing employees with a significant financial incentive to remain with the company over the long term. In 2022, 2023, and 2024, Fleetcor continued to grant these stock options and RSUs to key employees, emphasizing long-term value creation and retention. Employees eligible for these benefits typically include senior executives and individuals in roles that directly impact the company's strategic objectives.
Fleetcor Technologies has been actively enhancing its employee health benefits over the past few years, particularly focusing on mental health and wellness initiatives. In 2022, Fleetcor's UK branch received recognition for its commitment to mental health by winning a Gold Award in the Workplace Wellbeing Index from the mental health charity, Mind. This award reflects the company's efforts in training managers in mental health awareness and appointing Mental Health First Aiders across the organization. Additionally, Fleetcor offers a comprehensive health benefits package to its employees, which includes coverage for medical, dental, and vision care. The company has also been focusing on providing wellness programs that promote healthy lifestyles, which are integrated into their healthcare plans. Specific terms related to these benefits include "Mental Health First Aider," which is part of their mental health support structure, and "Wellbeing Index," which measures the effectiveness of their mental health initiatives.
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For more information you can reach the plan administrator for Fleetcor Technologies at , ; or by calling them at .

https://www.globaldata.com/company-profile/fleetcor-technologies-inc/ https://www.corpay.com/corporate-newsroom/17101/fleetcor-2023-year-in-review https://smart401kplus.com/plancontribution/fleetcor-technologies-inc-401k-savings-plan/ https://www.empower.com/the-currency/work/401k-contribution-limits https://www.dfas.mil/RetiredMilitary/newsevents/newsletter/December2022-COLA-2023/ https://www.pbgc.gov/ https://www.foxrothschild.com/publications/interest-rate-hikes-present-challenge-for-fully-funded-pension-plans https://www.businesswire.com/news/home/20240122927561/en/FLEETCOR-Technologies-to-Announce-Fourth-Quarter-and-Fiscal-Year-2023-Results-on-February-7-2024 https://tracxn.com/d/acquisitions/acquisitions-by-fleetcor/__K1lxUVDNZzirthBCOe9u_yGoo3qneClzURC5-gr5BWg https://qdro.com/retirement-qdro/FLEETCOR-TECHNOLOGIES-INC-401K-SAVINGS-PLAN/ https://www.fleetcorsecuritieslitigation.com/ https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://news.crunchbase.com/startups/tech-layoffs/ https://www.brianheger.com/2023-layoff-tracker-of-organizations-announcing-job-cuts-brian-heger/ https://www.cashbalancedesign.com/

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