<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

MGM Resorts International Employees: Discover the Exciting Possibilities of Continuing Your Career in Retirement

image-table

Healthcare Provider Update: Healthcare Provider for MGM Resorts International MGM Resorts International primarily collaborates with various healthcare providers depending on the location and specific needs of their employees. However, the organization does not disclose a singular healthcare provider in publicly available resources. The company typically partners with major health insurance companies to offer medical benefits to its workforce. Potential Healthcare Cost Increases in 2026 As we approach 2026, MGM Resorts International employees are facing significant challenges concerning healthcare costs. With anticipated premium hikes on Affordable Care Act (ACA) marketplace plans, some states may see increases exceeding 60%. Without an extension of enhanced federal premium subsidies, many employees could experience premium surges of up to 75%. This financial burden is compounded by soaring medical costs associated with advances in therapies, such as GLP-1 medications, alongside aggressive rate hikes from top insurers. As a result, employees might find themselves shouldering a greater share of healthcare expenses, necessitating strategic planning to mitigate these anticipated increases. 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 MGM Resorts International 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 MGM Resorts International 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 MGM Resorts International 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 MGM Resorts International 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.

Featured Video

Articles you may find interesting:

Loading...


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 MGM Resorts International 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 MGM Resorts International, 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 savings plan does MGM Resorts International offer to its employees?

MGM Resorts International offers a 401(k) retirement savings plan to help employees save for their future.

Does MGM Resorts International match employee contributions to the 401(k) plan?

Yes, MGM Resorts International provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility requirement for employees to participate in MGM Resorts International's 401(k) plan?

Employees of MGM Resorts International are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

Can employees of MGM Resorts International choose how much to contribute to their 401(k) plan?

Yes, employees at MGM Resorts International can choose their contribution percentage within the limits set by the IRS.

What investment options are available in the MGM Resorts International 401(k) plan?

The 401(k) plan at MGM Resorts International offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

How can MGM Resorts International employees access their 401(k) account information?

Employees of MGM Resorts International can access their 401(k) account information through the company’s designated retirement plan website or mobile app.

Is there a vesting schedule for the employer match in MGM Resorts International's 401(k) plan?

Yes, MGM Resorts International has a vesting schedule for the employer match, meaning employees must work for a certain period to fully own the matched contributions.

What happens to my 401(k) plan if I leave MGM Resorts International?

If you leave MGM Resorts International, you can choose to leave your 401(k) funds in the plan, roll them over to an IRA, or transfer them to a new employer's retirement plan.

Can MGM Resorts International employees take loans against their 401(k) savings?

Yes, MGM Resorts International allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

Are there penalties for early withdrawal from the MGM Resorts International 401(k) plan?

Yes, early withdrawals from the MGM Resorts International 401(k) plan may incur taxes and penalties unless specific exceptions apply.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Name of Pension Plan: MGM Resorts International does not have a traditional defined benefit pension plan; instead, it offers a 401(k) plan for retirement benefits. Years of Service and Age Qualification: Not applicable, as MGM Resorts International does not provide a defined benefit pension plan. Name of 401(k) Plan: MGM Resorts International 401(k) Plan Eligibility: Employees are generally eligible to participate in the 401(k) plan after completing 30 days of service. Contribution: Employees can make pre-tax or Roth contributions, and MGM Resorts International may provide matching contributions.
MGM Resorts International has been actively involved in restructuring efforts due to the economic challenges brought by the ongoing market volatility. The company announced a significant reduction in its workforce in early 2024, affecting various departments across its properties. This move is part of a broader strategy to streamline operations and reduce costs amid declining revenues and increased operational expenses. The layoffs impact not only the operational staff but also senior management, indicating a deep organizational restructuring. In addition to the layoffs, MGM Resorts has made adjustments to its company benefits and retirement plans, including changes to its 401(k) matching contributions and pension plans. The company has revised its retirement benefits to align with new economic realities, potentially affecting employees' long-term financial planning. These changes underscore the importance of staying updated on how shifts in company policies could influence personal financial strategies. Understanding these adjustments is crucial in the current economic and investment climate, as it impacts both individual retirement planning and overall job security. Being informed about such developments helps employees and investors make more strategic decisions in response to the evolving landscape of company benefits and economic conditions.
MGM Resorts International offers stock options and Restricted Stock Units (RSUs) to key executives and employees based on performance and tenure. The company uses the acronyms "SO" for Stock Options and "RSU" for Restricted Stock Units. Information about these benefits can be found in the annual reports and SEC filings.
Healthcare Coverage: MGM Resorts provides a range of health benefits including medical, dental, and vision insurance. They offer multiple plan options to suit various needs, with benefits such as preventive care, mental health services, and wellness programs. Wellness Programs: The company promotes wellness through programs such as fitness reimbursements, health screenings, and access to employee assistance programs (EAPs). Acronyms & Terms: Commonly used terms include PPO (Preferred Provider Organization), HSA (Health Savings Account), and EAP (Employee Assistance Program).
New call-to-action

Additional Articles

Check Out Articles for MGM Resorts International employees

Loading...

For more information you can reach the plan administrator for MGM Resorts International at , ; or by calling them at .

https://finance.yahoo.com/ https://www.marketwatch.com/ https://www.businessinsider.com/ https://www.reuters.com/ https://www.cnbc.com/world/?region=world https://www.bloomberg.com/asia https://www.pbgc.gov/

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for MGM Resorts International employees