Healthcare Provider Update: GoDaddy provides health insurance coverage to its U.S.-based employees through comprehensive medical, dental, and vision plans. Employees can access preventive care, mental health services, and disability coverage. The company also offers Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), along with generous employer contributions. Family-friendly benefits include paid parental leave, fertility coverage, and adoption assistance. GoDaddy supports wellness through gym discounts, flu shots, and wellness fairs1. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average Click here to learn more
A recent study conducted by Security.org unveiled surprising trends regarding social media usage across generations,
with a significant focus on baby boomers. Contrary to popular belief, which often associates social media prowess with younger demographics like millennials, it appears that baby boomers are not only active users but also greatly benefit from their online interactions. This revelation questions the stereotype of social media being predominantly a young person’s arena.
The research led by Corie Colliton reveals an impressive 84% of baby boomers believe that social media positively influences their lives—a stark contrast to the 33%
of millennials who view their online interactions negatively. This difference is especially striking given the high integration of social media in the daily routines of younger generations.
For baby boomers at GoDaddy, this affinity for social media may stem from their unique historical context. Having witnessed the dawn of television, the expansion of cable, and the birth of the internet, they have embraced each new technological wave as a fresh media outlet. This extensive exposure to tech innovations likely contributes to their adaptive and favorable use of social media platforms.
However, the way baby boomers engage with social media differs significantly from younger users. They tend to spend less time online, which might lead to a more satisfying and less overwhelming online experience. GoDaddy employees from this generation typically use social platforms to stay connected with friends and family, enhancing their sense of happiness linked to these interactions.
According to Statista, YouTube tops the charts as the favorite platform among baby boomers, with 70% using it regularly, closely followed by Facebook.
This preference aligns with traditional media consumption patterns that favor content viewing over interactive engagement. Usage rates for other platforms like Pinterest, LinkedIn, and Instagram vary, with Twitter and Snapchat being less popular among this demographic.
When interacting with technology, baby boomers at GoDaddy often utilize a single index finger for typing on smartphones—a method reminiscent of older dialing techniques. This contrasts with the thumb-typing speed common among younger generations.
The study also sheds light on broader cultural attitudes toward social media. Only 26.5% of boomers believe social media should not exist, compared to 44% of millennials. This indicates a generational divide in how social media is perceived within society.
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Interestingly, the study finds that positive sentiments about social media often come from Southern male boomers who are married, hold at least an associate degree, and lean politically to the right. In contrast, millennial women from the Midwest, who are single and lean left politically, generally have a less favorable view of social media.
For GoDaddy employees approaching retirement, the role of social media is increasingly vital.
A 2022 Financial Times survey
highlighted that about 60% of baby boomers now engage with financial content on platforms like Facebook and YouTube. They use these sites not only for personal connections but also to monitor market trends, seek financial advice, and manage their retirement planning.
For baby boomers at GoDaddy, mastering social media is like rediscovering a cherished classic car with modern updates. They appreciate the blend of traditional engagement and new-age digital tools, enjoying the journey much like driving a well-loved, refurbished car on modern roads. This generation values the integration of conventional wisdom with innovative technologies, enhancing their experience as they navigate through the evolving digital landscape.
What is the GoDaddy 401(k) plan?
The GoDaddy 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck on a pre-tax or after-tax basis to help prepare for retirement.
How can I enroll in the GoDaddy 401(k) plan?
Employees can enroll in the GoDaddy 401(k) plan through the company's benefits portal during the open enrollment period or after they become eligible.
Does GoDaddy offer a company match for the 401(k) contributions?
Yes, GoDaddy offers a company match for employee contributions to the 401(k) plan, which helps to enhance retirement savings.
What is the eligibility requirement for the GoDaddy 401(k) plan?
Generally, all full-time employees at GoDaddy are eligible to participate in the 401(k) plan after completing a certain period of service, as outlined in the plan documents.
Can I change my contribution percentage to the GoDaddy 401(k) plan at any time?
Yes, employees can change their contribution percentage to the GoDaddy 401(k) plan at any time through the benefits portal.
What investment options are available in the GoDaddy 401(k) plan?
The GoDaddy 401(k) plan offers a variety of investment options, including mutual funds, index funds, and target-date funds, allowing employees to choose based on their risk tolerance.
How often can I review my GoDaddy 401(k) account?
Employees can review their GoDaddy 401(k) account at any time through the online portal, which provides real-time updates on account balances and investment performance.
What happens to my GoDaddy 401(k) plan if I leave the company?
If you leave GoDaddy, you have several options for your 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the GoDaddy plan if eligible.
Are there any fees associated with the GoDaddy 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the GoDaddy 401(k) plan, which are disclosed in the plan documents.
Can I take a loan against my GoDaddy 401(k) plan?
Yes, GoDaddy allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.