Healthcare Provider Update: MillerKnoll offers health insurance coverage through PPO plans with Blue Cross Blue Shield of Michigan. Employees benefit from low deductibles, preventive care at no cost, and access to a broad provider network. The company also provides dental and vision coverage, FSAs, HSAs, and prescription drug benefits through Express Scripts. Additional perks include wellness programs, mental health support, and a 401(k) with employer match 1. MillerKnoll 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 MillerKnoll, 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. MillerKnoll 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 MillerKnoll 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 MillerKnoll 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 MillerKnoll, 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 plan does MillerKnoll offer to its employees?
MillerKnoll offers a 401(k) retirement savings plan to its employees.
How can employees at MillerKnoll enroll in the 401(k) plan?
Employees at MillerKnoll can enroll in the 401(k) plan through the company's online benefits portal or by contacting the HR department for assistance.
Does MillerKnoll match employee contributions to the 401(k) plan?
Yes, MillerKnoll provides a matching contribution to employee contributions made to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for the MillerKnoll 401(k) plan?
The maximum contribution limit for the MillerKnoll 401(k) plan aligns with IRS guidelines, which can change annually. Employees should check the latest IRS limits for specifics.
When can employees at MillerKnoll start contributing to the 401(k) plan?
Employees at MillerKnoll can start contributing to the 401(k) plan after completing their initial eligibility period, which is typically outlined in the employee handbook.
Are there any fees associated with the MillerKnoll 401(k) plan?
Yes, there may be administrative and investment fees associated with the MillerKnoll 401(k) plan. Employees should review the plan documents for detailed information.
Can employees at MillerKnoll take loans against their 401(k) savings?
Yes, MillerKnoll allows employees to take loans against their 401(k) savings, subject to the terms and conditions of the plan.
What investment options are available in the MillerKnoll 401(k) plan?
The MillerKnoll 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can employees at MillerKnoll change their 401(k) contribution amounts?
Employees at MillerKnoll can change their 401(k) contribution amounts at any time, subject to the plan's guidelines.
What happens to the 401(k) savings if an employee leaves MillerKnoll?
If an employee leaves MillerKnoll, they can choose to roll over their 401(k) savings into another qualified retirement account, cash out, or leave the funds in the MillerKnoll plan, depending on the plan's rules.