Healthcare Provider Update: J.M. Smucker offers a wide range of benefits including medical, dental, vision, and prescription drug coverage. Employees also have access to FSAs, life and disability insurance, pet insurance, and wellness facilities. The company supports financial well-being through a 401(k) with matching contributions, stock purchase plans, and tuition assistance. Additional perks include flexible work schedules, on-site daycare, and paid leave for parental and adoption needs 3. J.M. Smucker With ACA premiums projected to rise sharply in 2026, Smuckers comprehensive benefits and family-focused support help employees avoid the financial strain of marketplace plans. The companys emphasis on preventive care and wellness education further reduces long-term healthcare costs. 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 J.M. Smucker, 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. J.M. Smucker 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 J.M. Smucker 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 J.M. Smucker 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 J.M. Smucker, 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 type of retirement savings plan does J.M. Smucker offer to its employees?
J.M. Smucker offers a 401(k) retirement savings plan to help employees save for their future.
Does J.M. Smucker provide a company match for contributions made to the 401(k) plan?
Yes, J.M. Smucker provides a company match on employee contributions to the 401(k) plan, which helps to enhance retirement savings.
What is the eligibility requirement to participate in J.M. Smucker's 401(k) plan?
Employees are eligible to participate in J.M. Smucker's 401(k) plan after completing a specified period of service, typically within the first year of employment.
Can employees at J.M. Smucker choose how their 401(k) contributions are invested?
Yes, employees at J.M. Smucker can choose from a variety of investment options for their 401(k) contributions based on their risk tolerance and retirement goals.
What is the maximum contribution limit for J.M. Smucker’s 401(k) plan?
The maximum contribution limit for J.M. Smucker’s 401(k) plan aligns with the IRS limits, which are updated annually.
Does J.M. Smucker allow employees to take loans against their 401(k) savings?
Yes, J.M. Smucker allows employees to take loans against their 401(k) savings under certain conditions and guidelines.
Are there any fees associated with J.M. Smucker's 401(k) plan?
Yes, like many retirement plans, J.M. Smucker's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.
Can employees at J.M. Smucker roll over their 401(k) savings from a previous employer?
Yes, employees at J.M. Smucker can roll over their 401(k) savings from a previous employer into J.M. Smucker’s 401(k) plan.
When can employees at J.M. Smucker start withdrawing from their 401(k) accounts?
Employees at J.M. Smucker can typically start withdrawing from their 401(k) accounts at age 59½, subject to certain conditions.
Does J.M. Smucker offer any educational resources for employees to learn about their 401(k) options?
Yes, J.M. Smucker provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.