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

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

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Healthcare Provider Update: Healthcare Provider for Tapestry: Tapestry, the parent company of luxury fashion brands such as Coach, Kate Spade, and Stuart Weitzman, is associated with UnitedHealthcare, which is part of UnitedHealth Group. UnitedHealthcare provides Tapestry employees with a variety of health insurance options that are typically inclusive of medical, dental, and vision benefits. Potential Healthcare Cost Increases for Tapestry in 2026: As Tapestry navigates the evolving healthcare landscape, substantial increases in healthcare costs are anticipated in 2026. With the potential expiration of enhanced federal premium subsidies for Affordable Care Act (ACA) plans, many enrollees could face premium hikes exceeding 75%. Insurers are reporting a sharp rise in medical costs and have begun to implement rate increases, with some individual market plans (like those from UnitedHealthcare) requesting increases as high as 66.4%. These combined factors may significantly raise Tapestry's healthcare expenses and affect their employee benefits offerings. 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 Tapestry 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 Tapestry 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 Tapestry 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 Tapestry 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 Tapestry 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 Tapestry, 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 Tapestry's 401(k) plan?

Tapestry's 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.

How can I enroll in Tapestry's 401(k) plan?

You can enroll in Tapestry's 401(k) plan by accessing the employee benefits portal and following the enrollment instructions provided.

What types of contributions can I make to Tapestry's 401(k) plan?

Tapestry's 401(k) plan allows for pre-tax contributions, Roth after-tax contributions, and potentially catch-up contributions if you are over 50.

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

Yes, Tapestry offers a matching contribution to the 401(k) plan, which helps employees grow their retirement savings.

How much can I contribute to Tapestry's 401(k) plan each year?

For 2023, the maximum employee contribution limit to Tapestry's 401(k) plan is $22,500, with an additional $7,500 catch-up contribution allowed for employees aged 50 and older.

When can I start withdrawing from Tapestry's 401(k) plan?

You can start withdrawing from Tapestry's 401(k) plan without penalties at age 59½, although you may have options for hardship withdrawals earlier.

What investment options are available in Tapestry's 401(k) plan?

Tapestry's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Can I take a loan from Tapestry's 401(k) plan?

Yes, Tapestry allows employees to take loans from their 401(k) accounts under certain conditions and limits.

How do I change my contribution percentage for Tapestry's 401(k) plan?

You can change your contribution percentage by logging into the employee benefits portal and updating your contribution settings.

What happens to my 401(k) plan if I leave Tapestry?

If you leave Tapestry, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in Tapestry's plan if allowed.

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