Healthcare Provider Update: WEC Energy Group's healthcare provider is the Retirement Group, a division of Wealth Enhancement Group, which assists employees with navigating complex benefit structures and potential healthcare challenges. In 2026, employees at WEC Energy Group may face significant healthcare cost increases due to projected premium hikes in the ACA marketplace, influenced by the expiration of enhanced federal subsidies, rising medical costs, and the push from insurers seeking higher premiums. As a result, many employees might see a steep rise in out-of-pocket expenses, with some forecasts suggesting increases could exceed 75%. To navigate these financial pressures, employees are encouraged to familiarize themselves with upcoming benefit changes and strategically review their healthcare options. 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 WEC Energy Group, 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. WEC Energy Group 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 WEC Energy Group 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 WEC Energy Group 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 WEC Energy Group, 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 WEC Energy Group?
The 401(k) plan at WEC Energy Group is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.
How can I enroll in the WEC Energy Group 401(k) plan?
Employees can enroll in the WEC Energy Group 401(k) plan by completing the enrollment process online through the company’s benefits portal.
Does WEC Energy Group offer any matching contributions to the 401(k) plan?
Yes, WEC Energy Group offers matching contributions to the 401(k) plan, which helps employees boost their retirement savings.
What is the vesting schedule for the WEC Energy Group 401(k) plan?
The vesting schedule for the WEC Energy Group 401(k) plan typically requires employees to work for a certain number of years before they fully own the company’s matching contributions.
Can I change my contribution amount to the WEC Energy Group 401(k) plan?
Yes, employees can change their contribution amounts to the WEC Energy Group 401(k) plan at any time, subject to plan rules.
What investment options are available in the WEC Energy Group 401(k) plan?
The WEC Energy Group 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 in the WEC Energy Group 401(k) plan?
Yes, the WEC Energy Group 401(k) plan may allow employees to take loans against their account balance under certain conditions.
What happens to my 401(k) account if I leave WEC Energy Group?
If you leave WEC Energy Group, you will have several options for your 401(k) account, including rolling it over to another retirement account or leaving it with WEC Energy Group.
How can I access my 401(k) account information with WEC Energy Group?
Employees can access their 401(k) account information through the WEC Energy Group benefits portal or by contacting the HR department.
Are there any fees associated with the WEC Energy Group 401(k) plan?
Yes, the WEC Energy Group 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.