<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

Discover Hidden Retirement Funds: A Guide for Hologic Employees

image-table

Healthcare Provider Update: Hologic offers a comprehensive benefits program through its Better Rewards initiative. Employees can choose from medical plans administered by Blue Cross Blue Shield of Massachusetts, including PPO and Consumer Driven Health Plans with HSA options. The company also provides dental, vision, mental health support, and wellness resources. Additional benefits include financial security plans, career development, and family support services 6. 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

'Hologic employees can greatly benefit from using resources like the Retirement Savings Lost and Found Database and Treasury Hunt to recover unclaimed assets, so that no part of their hard-earned retirement savings is left behind.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.

'Hologic employees should take advantage of tools like the Retirement Savings Lost and Found Database to track down unclaimed funds, so they can optimize their retirement savings potential.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

  1. The federal resources available to help locate lost or unclaimed retirement savings.

  2. Key tools like the Retirement Savings Lost and Found Database and other platforms to recover forgotten financial assets.

  3. How retirees can track down unclaimed bank accounts, savings bonds, and pension plans to make the most of their retirement savings.

The Retirement Savings Lost and Found Database is a federal initiative aimed at helping individuals locate their lost pension and 401k funds. Launched by the U.S. Department of Labor (DOL), this tool is one of many available resources designed to assist Hologic employees and others in recovering unclaimed financial assets.

Earlier this year, the public was granted access to  the DOL’s database . This platform is particularly useful for Hologic employees who might have lost track of their 401k accounts due to job changes or relocations. Additionally, individuals can seek assistance from the nonprofit  Pension Rights Center . If your employer or pension plan falls under one of the 30 states covered by the U.S. Administration for Community Living's Pension Counseling and Information Program, the center will link you to free services.

For Hologic employees looking to recover unclaimed benefits from closed private sector pension plans, the Pension Benefit Guaranty Corporation (PBGC) offers an online platform at  pbgc.gov/workers-retirees . Even if the company that sponsored a pension plan has gone out of business, PBGC helps make certain that retirees continue to receive their benefits.

A searchable database for unclaimed funds across 49 states, Washington D.C., and Puerto Rico is available at  missingmoney.com . Managed by the National Association of State Treasurers, this website aids in locating various unclaimed assets, including uncashed checks from banks, businesses, and local governments, dormant brokerage accounts, and even the contents of unclaimed safe-deposit boxes. The website also provides direct access to the Hawaii-specific register for residents with assets in the state.

Additionally, Hologic employees can locate U.S. savings bonds or other treasury securities that may have gone unpaid by visiting  treasuryhunt.gov . This tool, managed by the U.S. Department of the Treasury, allows individuals to search for unpaid bonds or interest payments by entering their Social Security number, full name, and state. It may be particularly helpful for Hologic employees who may have inherited or forgotten about savings bonds purchased years ago. By entering your full name, state, and Social Security number, you can find out if you are eligible for any unclaimed funds. The federal government is dedicated to reuniting people with their unclaimed financial assets, and this service plays a significant role in that mission.

The Department of Labor's  Workers Owed Wages website  is another critical resource for those seeking back wages that might have been left unpaid. If you haven’t collected any unpaid wages, you can file a claim within three years.

Lastly, if you have funds trapped in bank or credit union failures, you may be able to retrieve them. The Federal Deposit Insurance Corporation (FDIC) tracks  unclaimed deposits from closed banks , and the  National Credit Union Administration’s website  lists funds left behind by bankrupt credit unions, which can be reclaimed by their rightful owners.

For more detailed instructions on locating and recovering unclaimed assets, visit  aarp.org/unclaimed . These resources are invaluable in making certain that all funds, regardless of size, are successfully tracked down.

Learn how to recover forgotten assets like pension plans, unclaimed retirement savings, and dormant bank accounts. Discover where to search for unclaimed savings bonds, misplaced 401ks, and uncashed checks. To track down hidden money you might not even know you have, start with the DOL's recently launched Retirement Savings Lost and Found Database and other platforms like treasuryhunt.gov and missingmoney.com. Don’t miss out on potential retirement savings—uncover your hidden funds and make sure you are saving as much as possible for the future.

Unclaimed retirement savings are much like forgotten treasures—similar to finding valuable artifacts tucked away in an old attic. Lost 401ks, pension plans, uncashed checks, and dormant savings bonds can bolster your financial future, just like rare antiques or mementos discovered in a dusty corner. Just as locating a long-lost family heirloom can bring joy and value, using tools like the Retirement Savings Lost and Found Database or missingmoney.com will help you uncover these assets and make certain every dollar is used effectively for your retirement.

Featured Video

Articles you may find interesting:

Loading...

Sources:

1. U.S. Department of Labor.  'Retirement Savings Lost and Found Database.'  U.S. Department of Labor, Employee Benefits Security Administration (EBSA) , 27 Dec. 2024,  https://lostandfound.dol.gov/?utm_source=chatgpt.com .

2. Pension Benefit Guaranty Corporation (PBGC).  'Find Unclaimed Retirement Benefits.'  Pension Benefit Guaranty Corporation , ongoing updates,  https://www.pbgc.gov/wr/find-unclaimed-retirement-benefits?utm_source=chatgpt.com .

3. National Association of Unclaimed Property Administrators (NAUPA).  'MissingMoney.com.'  National Association of Unclaimed Property Administrators , ongoing updates,  https://missingmoney.com/?utm_source=chatgpt.com .

4. U.S. Department of the Treasury.  'Treasury Hunt.'  U.S. Department of the Treasury , ongoing updates,  https://treasurydirect.gov/savings-bonds/treasury-hunt/?utm_source=chatgpt.com .

5. AARP.  'Show Me the Money: How to Find Unclaimed Assets.'  AARP , May 2025,  https://www.aarp.org/money/personal-finance/how-to-find-unclaimed-assets/?utm_source=chatgpt.com .

What type of retirement savings plan does Hologic offer to its employees?

Hologic offers a 401(k) retirement savings plan to its employees.

Does Hologic provide a matching contribution for its 401(k) plan?

Yes, Hologic provides a matching contribution to the 401(k) plan to help employees save for retirement.

What is the eligibility requirement to participate in Hologic's 401(k) plan?

Employees at Hologic are generally eligible to participate in the 401(k) plan after completing a specified period of service.

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

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

What investment options are available in Hologic's 401(k) plan?

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

Can Hologic employees change their contribution percentage at any time?

Yes, Hologic employees can change their contribution percentage at any time, subject to the plan's guidelines.

Is there a vesting schedule for Hologic's matching contributions in the 401(k) plan?

Yes, Hologic has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own those contributions.

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

The maximum contribution limit for Hologic's 401(k) plan is in line with IRS regulations, which may change annually.

Does Hologic offer any educational resources to help employees manage their 401(k) investments?

Yes, Hologic provides educational resources and tools to help employees make informed decisions about their 401(k) investments.

Can Hologic employees take loans against their 401(k) savings?

Yes, Hologic allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Hologic Inc. offers its employees the Hologic, Inc. Savings and Investment Plan through Fidelity, covering approximately 6,291 employees. This plan allows participants to make contributions toward their retirement and benefit from company matches. The name of Hologic's 401(k) plan is the "Hologic, Inc. Savings and Investment Plan." Employees who participate in the plan can leave their account with Fidelity, roll it over into an IRA or a new 401(k) plan, or withdraw their funds, though tax penalties may apply for early withdrawal​ (Capitalize). Hologic does not offer a defined pension plan; instead, they focus on their 401(k) offering. The company terminology for this plan refers to it as a savings and investment vehicle aimed at helping employees grow their retirement funds.
In 2023 and 2024, Hologic has undergone significant restructuring efforts, leading to workforce layoffs and changes in employee benefits, including their 401(k) and pension plans. The company has aligned its strategy with the ongoing SECURE 2.0 Act reforms, which include updates to 401(k) contributions and eligibility, particularly for part-time employees and those nearing retirement. Hologic has also increased its focus on health benefit plans, adapting to new laws that affect retirement savings and telehealth services​ (Mondaq)​ (CLA).
Hologic offers stock options and Restricted Stock Units (RSUs) to its employees as part of their equity compensation program. These incentives are primarily aimed at retaining talent by providing long-term financial rewards. Hologic's stock options allow employees to purchase company stock at a predetermined price, typically vesting over a period of years. RSUs, on the other hand, grant employees shares of company stock once certain vesting conditions are met, which can also be tied to performance metrics. For the years 2022, 2023, and 2024, Hologic has continued to offer these equity incentives as part of their compensation packages. RSUs are primarily available to senior-level employees and high performers, allowing them to benefit from the company's growth. Stock options are more broadly available, often included in compensation for managerial and higher-level employees. In 2023, for instance, Hologic executed a significant share repurchase program, buying back millions of shares, which can positively impact the value of stock options and RSUs held by employees. This buyback program reflects the company's commitment to maximizing shareholder value, which directly benefits employees holding stock-based compensation
Lyra Health: Hologic partners with Lyra Health to offer a robust mental and emotional wellness program. This benefit includes access to in-person, virtual, digital, group, and individualized care aimed at supporting employees' mental health. Healthy Living Wellness Program: Hologic collaborates with Virgin Pulse to provide a well-being platform offering motivational tools, tips, rewards, and support to help employees and their families maintain a healthy lifestyle. Parental and Family Care Leave: U.S. employees have access to up to 16 weeks of job-protected parental leave, including 8 weeks of paid leave at 100% salary for both birth and non-birth parents. Birth parents also receive short-term disability coverage. Hologic's policy allows parents to return to work part-time at full pay during the first 4 weeks after leave. Family Care Leave offers 100% paid leave for caring for a family member with a serious health condition under FMLA. Healthcare-Related Acronyms and Terms: Some of the healthcare-related terms and acronyms used by Hologic include FMLA (Family and Medical Leave Act), NICU (Neonatal Intensive Care Unit), and short-term disability. Employee Well-Being Focus: Hologic's recent employee initiatives emphasize mental health support, wellness engagement, and flexible leave options, reflecting the company’s commitment to employee well-being​
New call-to-action

Additional Articles

Check Out Articles for Hologic employees

Loading...

For more information you can reach the plan administrator for Hologic at , ; or by calling them at .

https://www.sec.gov/Archives/edgar/data/859737/000130817917000004/lholx2017_def14a.htm https://contracts.justia.com/companies/hologic-652/contract/588166/ https://www.hicapitalize.com/find-my-401k/hologic-inc/ https://www.investopedia.com/terms/h/health_care_sector.asp https://www.milliman.com/en/insight/2023-lump-sums-defined-benefit-plans-much-lower-as-interest-rates-rise https://www.foxrothschild.com/publications/interest-rate-hikes-present-challenge-for-fully-funded-pension-plans https://www.milliman.com/en/ https://investors.hologic.com/press-releases/press-release-details/2023/Hologic-Announces-Financial-Results-for-Fourth-Quarter-of-Fiscal-2023/default.aspx https://www.mondaq.com/unitedstates/employee-benefits-compensation/1272784/2023-brings-changes-to-the-laws-on-employee-benefit-plans https://www.claconnect.com/en/resources/articles/2023/new-federal-law-changes-retirement-rules-for-companies-and-employees https://www.aarp.org/retirement/planning-for-retirement/info-2023/biggest-changes-impacting-retirement-finances-in-2024.html https://mergr.com/company/hologic https://tracxn.com/d/acquisitions/acquisitions-by-hologic/__9zriJHaFq4c2cXJYeXgOTBbAmMF62NH1nVSJ1nVmpAY https://www.wbjournal.com/article/hologic-expects-layoffs-at-international-facilities-in-2024-totaling-up-to-8m-in-severance https://www.massdevice.com/hologic-cfo-mass-layoffs-are-a-failure-of-leadership/ https://www.labiotech.eu/in-depth/brace-yourself-for-a-wave-of-biotech-layoffs/ https://www.investopedia.com/ https://www.dol.gov/ https://www.emparion.com/cash-balance-pension-plan-faq/ https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/cash-balance-pension-plans

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Hologic employees