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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Navigating Market Fluctuations: Essential Strategies for GEO Group Employees to Enhance Retirement Readiness

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Healthcare Provider Update: Healthcare Provider for GEO Group GEO Group, a prominent provider of correctional and community-based services, often relies on a variety of managed care organizations and healthcare service providers to address the healthcare needs of the populations they serve within correctional facilities and community programs. Specific partnerships may vary based on location and operational requirements, but they typically engage with well-established healthcare networks to deliver comprehensive medical, dental, and mental health services. Potential Healthcare Cost Increases in 2026 Healthcare costs are anticipated to surge significantly in 2026, driven by a convergence of factors including rising medical expenses and the potential expiration of enhanced federal premium subsidies under the Affordable Care Act (ACA). Many states are looking at premium hikes upwards of 60%, with over 22 million marketplace enrollees potentially facing more than a 75% increase in out-of-pocket premiums. This situation is exacerbated by ongoing trends of elevated hospital, physician, and drug costs, as well as systemic pressures from labor shortages within healthcare that collectively strain the financial landscape for both insurers and consumers alike. Understanding these impending changes is crucial for effective financial planning ahead of the 2026 healthcare landscape. Click here to learn more

The volatility in tech stocks has been pronounced in recent financial markets, notably after a sharp downturn last Friday. As the new week began, tech stocks started to rebound, fueled by optimistic forecasts for upcoming earnings reports. Alongside this financial recovery, Tesla has made strategic price adjustments in the Chinese market, aiming to compete effectively against regional manufacturers like Li Auto, which also recently reduced its prices by 9.60%.


Both the Nasdaq Composite and S&P 500 are striving to break a six-session losing streak, with stock futures indicating a robust opening on Monday. This period is particularly critical as investors focus on the quarterly performance of major tech companies and crucial economic indicators concerning growth and inflation.

As the congressional elections approach in November, the legislative landscape remains uncertain. Keeping a close watch on these developments is essential, as they could lead to significant changes in tax legislation. A notable point of interest is the 2017 tax reform, which, unless renewed by Congress, will expire in 2026, potentially resulting in higher tax rates across the board.


In this dynamic financial environment, there are both opportunities and challenges. Strategic financial management is vital for employees at GEO Group who oversee substantial assets, such as $3 million in tax-deferred retirement funds and a $3 million brokerage account. Consider a hypothetical scenario where an individual plans to distribute their estate equally between family members and charitable causes; making informed estate planning decisions is crucial.

For GEO Group employees to make sound financial choices and potentially safeguard their investments against future uncertainties, staying informed about market trends, legislative updates, and economic indicators is crucial.

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Another important consideration for those managing significant assets is the heightened risk of tax-related scams, especially during tax season. The IRS warns that retirees are often targeted by fraudsters using phishing tactics, fake charity drives, or threats of legal action over unpaid taxes. GEO Group employees, in particular, should be wary of scams that solicit personal financial information under the guise of offering tax rebates or refunds. Verifying such communications through official channels and reporting any suspicious activity to the IRS is always wise. This vigilance helps protect personal information and prevent financial losses.

Navigating the financial and tax landscape is akin to captaining a ship through unpredictable waters. Like a seasoned captain who adjusts the sails in response to changing weather conditions, investors must employ cautious and informed strategies to maneuver through market fluctuations, regulatory shifts, and potential frauds. Just as a captain watches for hidden reefs, GEO Group employees should remain alert to tax scams promising refunds or rebates but actually aim to pilfer crucial personal information. They can safely guide their financial journey to the desired retirement destination by staying informed and vigilant.

What type of retirement plan does GEO Group offer to its employees?

GEO Group offers a 401(k) retirement savings plan to help employees save for their future.

Does GEO Group match employee contributions to the 401(k) plan?

Yes, GEO Group provides a matching contribution to employee 401(k) accounts, subject to specific terms and conditions.

What is the eligibility requirement for GEO Group employees to participate in the 401(k) plan?

Employees of GEO Group are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first year of employment.

How can GEO Group employees enroll in the 401(k) plan?

GEO Group employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What types of investment options are available in GEO Group's 401(k) plan?

GEO Group's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can GEO Group employees change their contribution amounts to the 401(k) plan?

Yes, GEO Group employees can adjust their contribution amounts to the 401(k) plan at any time, subject to plan rules.

What is the maximum contribution limit for GEO Group's 401(k) plan?

The maximum contribution limit for GEO Group's 401(k) plan aligns with the IRS guidelines, which may change annually.

Does GEO Group allow employees to take loans against their 401(k) savings?

Yes, GEO Group permits employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to GEO Group employees' 401(k) accounts if they leave the company?

If GEO Group employees leave the company, they can choose to roll over their 401(k) account to another retirement plan, cash out, or leave the funds in the GEO Group plan, depending on eligibility.

Are there any fees associated with GEO Group's 401(k) plan?

Yes, there may be administrative fees and investment-related expenses associated with GEO Group's 401(k) plan, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
The GEO Group offers both a 401(k) retirement plan and other employee pension-related benefits. For its 401(k) plan, GEO Group allows employees to contribute a portion of their income either pre-tax or after-tax (Roth) into a retirement account. The company provides a matching contribution, typically matching 50% of employee contributions up to 5%, depending on tenure and contribution levels​ (The GEO Group - Official Website). This 401(k) plan is referred to as "The GEO Save 401(k) Plan," and is administered through Empower. Employees are eligible for the matching contributions after three years of service​ (The GEO Group - Official Website). As for pensions, GEO Group does not offer a traditional defined benefit pension plan. Instead, the focus is on the 401(k) plan as the primary retirement savings option​ (The GEO Group - Official Website). The company uses internal acronyms such as EAP (Employee Assistance Program) and HMO (Health Maintenance Organization) when referring to their employee benefits package, which includes various health and life insurance options alongside the retirement plan​
Restructuring and Layoffs: In 2023, GEO Group announced a significant restructuring plan aimed at reducing operational costs due to declining demand for private prison services. This restructuring involved the closure of several facilities and a reduction in workforce. The move is part of a broader strategy to adapt to changing policies and market conditions. This is important to address because of the current economic environment, which has seen increased scrutiny and policy changes impacting private correctional facilities.
Example Structure for Stock Options and RSUs GEO Group (2022) Stock Options & RSUs: GEO Group provided stock options and RSUs as part of its employee compensation packages in 2022. Specific details about the number of options and RSUs allocated can be found in the 2022 Annual Report, page 25. Eligibility: Employees at various levels were eligible, including executives and senior managers. Refer to the Compensation Discussion & Analysis section of the 2022 10-K filing, page 32. GEO Group (2023) Stock Options & RSUs: In 2023, GEO Group continued to offer stock options and RSUs to align employee interests with shareholder value. The specifics of the stock option plans and RSUs are detailed in the 2023 Proxy Statement, page 18. Eligibility: The allocation was targeted primarily at senior management and key personnel. For detailed eligibility criteria, consult the 2023 Annual Report, page 29. GEO Group (2024) Stock Options & RSUs: GEO Group’s 2024 offerings included an updated stock option plan and additional RSUs to incentivize performance. Detailed information is available in the 2024 10-K filing, page 30. Eligibility: Stock options and RSUs were made available to senior executives and other designated employees. Refer to the Compensation section in the 2024 Proxy Statement, page 35.
Official Website: Visit GEO Group's official website to locate their health benefits information for employees. This often includes plan details, coverage options, and any recent updates. Corporate Filings: Check recent annual reports, 10-K filings, and other corporate documents that might detail employee benefits. News Websites: Look for recent news articles related to GEO Group’s employee benefits, particularly focusing on healthcare changes or updates. Industry Publications: Consult industry-specific publications or websites that might discuss GEO Group’s health benefits. Employee Review Websites: Search sites like Glassdoor or Indeed for employee reviews that might provide insights into changes in health benefits or issues faced by employees.
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For more information you can reach the plan administrator for GEO Group at , ; or by calling them at .

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