Healthcare Provider Update: Healthcare Provider for Plexus: Plexus, a notable player in its industry, contracts primarily with UnitedHealthcare for its employee health insurance plans. This partnership offers employees access to a range of healthcare services through a established network, ensuring both comprehensive coverage and support for their medical needs. Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to rise significantly due to a combination of factors, with some states anticipating record premium increases that could exceed 60%. Key contributors to this surge include escalating medical inflation, the potential expiration of enhanced federal premium subsidies, and aggressive rate hikes from major insurers. As a consequence, employees and retirees of Plexus who utilize Affordable Care Act (ACA) marketplace plans may experience a staggering increase in out-of-pocket premium costs, with reports indicating that over 22 million policyholders could see their premiums jump by more than 75%. Individuals are advised to prepare early for these changes to mitigate the financial impact. 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 Plexus, 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. Plexus 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 Plexus 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 Plexus 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 Plexus, 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 Plexus?
The 401(k) plan at Plexus is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does Plexus match employee contributions to the 401(k) plan?
Plexus offers a matching contribution to the 401(k) plan, matching 50% of employee contributions up to a certain percentage of their salary.
When can employees at Plexus enroll in the 401(k) plan?
Employees at Plexus can enroll in the 401(k) plan during their initial onboarding or during the annual open enrollment period.
What are the eligibility requirements for Plexus's 401(k) plan?
To be eligible for Plexus's 401(k) plan, employees must be at least 21 years old and have completed one year of service with the company.
Can employees at Plexus take loans against their 401(k) savings?
Yes, Plexus allows employees to take loans against their 401(k) savings, subject to certain limits and repayment terms.
What investment options are available in Plexus's 401(k) plan?
Plexus offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and company stock.
How often can employees change their contribution amounts to the Plexus 401(k) plan?
Employees at Plexus can change their contribution amounts to the 401(k) plan at any time, subject to payroll processing deadlines.
Is there a vesting schedule for Plexus's 401(k) matching contributions?
Yes, Plexus has a vesting schedule for matching contributions, which typically requires employees to work for the company for a certain number of years before they fully own the matched funds.
What happens to my Plexus 401(k) if I leave the company?
If you leave Plexus, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in the Plexus plan if you have a sufficient balance.
Are there any fees associated with Plexus's 401(k) plan?
Yes, Plexus's 401(k) plan may have administrative fees and fund management fees, which are disclosed in the plan documents.