Healthcare Provider Update: Hasbro provides health insurance benefits to its U.S. employees, including medical, dental, and prescription coverage. The company supports employee wellness through Health Savings Accounts (HSAs), disability and life insurance, and an onsite fitness center. Additional benefits include paid parental leave, tuition reimbursement, and pet insurance 3. 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 Hasbro, 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. Hasbro 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 Hasbro 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 Hasbro 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 Hasbro, 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 Hasbro's 401(k) plan?
Hasbro's 401(k) plan is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax or after-tax basis for retirement.
How does Hasbro match employee contributions to the 401(k) plan?
Hasbro offers a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.
When can employees at Hasbro start contributing to the 401(k) plan?
Employees at Hasbro can begin contributing to the 401(k) plan after completing their initial eligibility period, which is typically outlined in the employee handbook.
What investment options are available in Hasbro's 401(k) plan?
Hasbro's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees grow their retirement savings.
Can employees at Hasbro take loans against their 401(k) savings?
Yes, Hasbro allows employees to take loans against their 401(k) savings, subject to certain terms and conditions outlined in the plan document.
What happens to my 401(k) plan if I leave Hasbro?
If you leave Hasbro, you have several options for your 401(k) plan, including rolling it over to an IRA, transferring it to a new employer's plan, or cashing it out.
Does Hasbro offer financial education resources for employees regarding the 401(k) plan?
Yes, Hasbro provides financial education resources and workshops to help employees understand their 401(k) options and make informed investment decisions.
Are there any fees associated with Hasbro's 401(k) plan?
Yes, Hasbro's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents provided to employees.
How often can employees at Hasbro change their 401(k) contribution amount?
Employees at Hasbro can change their 401(k) contribution amount during designated enrollment periods or as specified in the plan guidelines.
What is the vesting schedule for Hasbro's 401(k) matching contributions?
Hasbro has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period before they fully own the matching funds.