Healthcare Provider Update: Healthcare Provider for RPM International RPM International, a company specializing in industrial coatings and sealants, typically offers healthcare plans through major insurers. Employees of RPM International can expect to receive health benefits from providers such as UnitedHealthcare, Aetna, or Cigna, depending on the specific plan choices made available by the company. Healthcare Cost Increases in 2026 As we approach 2026, RPM International employees should brace for a significant rise in healthcare costs. Premiums for Affordable Care Act (ACA) marketplace plans are anticipated to increase sharply, with some states reporting hikes exceeding 60%. A decrease in federal premium subsidies and the continuous rise in medical care costs-including skyrocketing medication prices-are substantial contributing factors. Employees are advised to evaluate employer-sponsored plans alongside marketplace options early to mitigate financial impacts, as many may face increased out-of-pocket expenses that could affect their budget significantly. Click here to learn more
A recent Fidelity Investments poll illuminates new trends in the ever-changing retirement planning landscape. Notably, 66% of respondents envision a phased-in approach to retirement, which deviates from the conventional full-stop strategy. This choice shows a shift towards flexible retirement solutions across generations, as evidenced by the significant interest shown by both Gen Zers and millennials.
The wide-ranging implications of this trend point to the necessity of flexibility in retirement advice and planning when preparing to retire from RPM International. The departure from traditional retirement models highlights a more comprehensive reassessment of retirement goals and work-life balance, reflecting shifting perspectives toward the end of your RPM International career. Advisors who want to fulfill their RPM International clients' complex needs must have a thorough understanding of these preferences as retirement planning continues to change.
A growing number of retirees who desire social connection and intellectual stimulation in addition to financial security are adopting the idea of 'Work for Pleasure' in phased retirement, a viable option for RPM International employees.
According to an American Psychological Association study, continuing to work after retirement can enhance mental well-being, increase life satisfaction, and facilitate the transition to complete retirement. Retirement is now seen as a new chapter with opportunity for learning, growth, and contribution rather than as an end. This is especially true for seasoned professionals from high-ranking roles.
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Retirement is becoming less and less like the unexpected curtain call at the end of a play and more like a well planned art display. Similar to how an exhibition progressively moves from one theme and era to another, providing visitors with an extensive array of experiences, the modern retirement trip, as defined by Fidelity Investments, takes place in stages. With this method, people can combine the elegant brushstrokes of their personal passions and hobbies with their professional creations. Today's retirees and soon-to-be retirees find joy and fulfillment in doing work that pleases them, much like an artist who paints for the love of art even after their formal career has concluded. This is creating a retirement experience that is as nuanced and fulfilling as a well-curated gallery.
What type of retirement plan does RPM International offer to its employees?
RPM International offers a 401(k) retirement savings plan to its employees.
Does RPM International provide a company match for employee contributions to the 401(k) plan?
Yes, RPM International provides a company match for employee contributions to the 401(k) plan, helping employees maximize their retirement savings.
What is the eligibility requirement for RPM International employees to participate in the 401(k) plan?
Employees at RPM International are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually within their first year of employment.
Can RPM International employees choose how their 401(k) contributions are invested?
Yes, RPM International employees can choose from a variety of investment options for their 401(k) contributions, including mutual funds and other investment vehicles.
How often can RPM International employees change their 401(k) investment elections?
RPM International employees can change their 401(k) investment elections at any time, allowing them to adjust their investment strategy as needed.
What is the maximum contribution limit for RPM International employees participating in the 401(k) plan?
The maximum contribution limit for RPM International employees is subject to IRS guidelines, which can change annually. Employees should check the current limits for accurate information.
Does RPM International offer a Roth 401(k) option for its employees?
Yes, RPM International offers a Roth 401(k) option, allowing employees to make after-tax contributions to their retirement savings.
What happens to RPM International employees' 401(k) accounts if they leave the company?
If RPM International employees leave the company, they have several options for their 401(k) accounts, including rolling over the balance to another retirement account or leaving it in the RPM International plan.
Is there a vesting schedule for the company match in RPM International's 401(k) plan?
Yes, RPM International has a vesting schedule for the company match, which means employees must work for a certain period to fully own the matched contributions.
Can RPM International employees take loans against their 401(k) accounts?
Yes, RPM International allows employees to take loans against their 401(k) accounts, subject to specific terms and conditions outlined in the plan.