Healthcare Provider Update: Healthcare Provider for LGI Homes LGI Homes primarily partners with The Retirement Group, a division of Wealth Enhancement, to facilitate employee benefits and provide assistance related to healthcare coverage. Potential Healthcare Cost Increases in 2026 As LGI Homes prepares for 2026, employees should brace for significant increases in healthcare costs. With reports indicating that ACA marketplace premiums could rise dramatically-some states experiencing hikes over 60%-many employees may face higher out-of-pocket expenses. Additionally, employers, responding to mounting healthcare cost pressures, are likely to shift more expenses onto workers through increased deductibles and coinsurance rates. By familiarizing themselves with changing benefit structures and optimizing their health savings accounts, LGI Homes employees can mitigate the financial impact of these projected cost increases. 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 LGI Homes, 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. LGI Homes 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 LGI Homes 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 LGI Homes 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 LGI Homes, 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 401(k) plan offered by LGI Homes?
The 401(k) plan at LGI Homes is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does LGI Homes match employee contributions to the 401(k) plan?
LGI Homes offers a company match on employee contributions, which helps to enhance your retirement savings.
When can I enroll in the 401(k) plan at LGI Homes?
Employees at LGI Homes can enroll in the 401(k) plan during their initial onboarding process or during the annual open enrollment period.
What is the vesting schedule for LGI Homes' 401(k) match?
The vesting schedule for LGI Homes' 401(k) match typically requires employees to work for a certain number of years before they fully own the matched funds.
Can I change my contribution amount to the LGI Homes 401(k) plan?
Yes, employees can change their contribution amount to the LGI Homes 401(k) plan at any time, subject to plan rules.
What investment options are available in the LGI Homes 401(k) plan?
The LGI Homes 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Is there a loan option available through the LGI Homes 401(k) plan?
Yes, LGI Homes allows employees to take loans against their 401(k) balance under certain conditions.
How can I access my LGI Homes 401(k) account information?
Employees can access their LGI Homes 401(k) account information online through the plan’s designated website or mobile app.
What happens to my LGI Homes 401(k) if I leave the company?
If you leave LGI Homes, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with LGI Homes.
Does LGI Homes offer financial planning resources for 401(k) participants?
Yes, LGI Homes provides access to financial planning resources and tools to help employees make informed decisions about their 401(k) investments.