Healthcare Provider Update: Healthcare Provider for Steelcase Steelcase employees typically access healthcare services through major national insurance providers, with several options available depending on their specific employee benefits plan. Common providers offering plans for Steelcase employees may include larger insurers like UnitedHealthcare, Anthem, and Cigna, among others. Employees should refer to their employee benefits information for the precise names and details of the providers available to them. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, healthcare costs are poised to rise significantly, driven by anticipated increases in health insurance premiums through the Affordable Care Act (ACA). Some states may see hikes exceeding 60%, largely due to increasing medical costs, the potential loss of enhanced federal subsidies, and aggressive rate adjustments from major insurers. Without congressional intervention to extend these subsidies, a staggering 92% of marketplace enrollees could face premium increases over 75%, putting affordable healthcare coverage further out of reach for many. For Steelcase employees relying on ACA coverage, these changes could lead to steep financial burdens come 2026. 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 Steelcase. 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 Steelcase career. Advisors who want to fulfill their Steelcase 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 Steelcase 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 is the purpose of Steelcase's 401k/Savings Plan?
The purpose of Steelcase's 401k/Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their earnings.
How can Steelcase employees enroll in the 401k/Savings Plan?
Steelcase employees can enroll in the 401k/Savings Plan through the company’s HR portal or by contacting the HR department for assistance.
Does Steelcase offer a company match for the 401k contributions?
Yes, Steelcase offers a company match for employee contributions to the 401k/Savings Plan, which helps to enhance retirement savings.
What are the eligibility requirements for Steelcase's 401k/Savings Plan?
Employees of Steelcase are generally eligible to participate in the 401k/Savings Plan after completing a specific period of service, as outlined in the employee handbook.
Can Steelcase employees change their contribution percentage to the 401k/Savings Plan?
Yes, Steelcase employees can change their contribution percentage to the 401k/Savings Plan at any time, subject to certain guidelines.
What investment options are available in Steelcase's 401k/Savings Plan?
Steelcase's 401k/Savings Plan offers a range of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Is there a vesting schedule for Steelcase's company match in the 401k/Savings Plan?
Yes, Steelcase has a vesting schedule for the company match in the 401k/Savings Plan, which determines when employees fully own the matching contributions.
How often can Steelcase employees review their 401k/Savings Plan account?
Steelcase employees can review their 401k/Savings Plan account at any time through the online portal provided by the plan administrator.
What happens to Steelcase employees' 401k/Savings Plan accounts if they leave the company?
If Steelcase employees leave the company, they have several options for their 401k/Savings Plan accounts, including rolling over the balance to another retirement account or cashing out.
Are there any fees associated with Steelcase's 401k/Savings Plan?
Yes, Steelcase's 401k/Savings Plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.