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

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Syneos Health Employees: Discover the Rising Trend of 'Work for Pleasure' in Your Retirement Journey

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Healthcare Provider Update: Syneos Health and Upcoming Healthcare Costs Healthcare Provider for Syneos Health: Syneos Health primarily collaborates with multiple healthcare providers across various sectors in the healthcare industry, including pharmaceutical companies, biotechnology firms, and medical device manufacturers. Their services typically encompass clinical development, commercialization, and consulting services to help healthcare organizations efficiently manage their clinical trials and product launches. Potential Healthcare Cost Increases in 2026: In 2026, Syneos Health employees may face significant increases in healthcare costs driven by expected premium hikes in ACA marketplace plans. These could exceed 60% in some states, resulting from higher medical expenses and the potential expiration of enhanced federal premium subsidies. With insurers projecting medical cost trends between 7% and 10%, employees should prepare for an increased financial burden. Adjustments in company benefits, including higher deductibles and out-of-pocket maximums, may further impact out-of-pocket expenses, urging employees to carefully review benefit changes and make informed plan selections to navigate the rising costs effectively. 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 Syneos Health. 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 Syneos Health career. Advisors who want to fulfill their Syneos Health 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 Syneos Health 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 401(k) plan offered by Syneos Health?

The 401(k) plan at Syneos Health is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

Does Syneos Health match contributions to the 401(k) plan?

Yes, Syneos Health offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

How can I enroll in the Syneos Health 401(k) plan?

Employees can enroll in the Syneos Health 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

What is the eligibility requirement to participate in the Syneos Health 401(k) plan?

Employees of Syneos Health are typically eligible to participate in the 401(k) plan after completing a specified period of service, as outlined in the plan documentation.

How much can I contribute to the Syneos Health 401(k) plan each year?

The contribution limits for the Syneos Health 401(k) plan are in line with IRS regulations, which may change annually. Employees should check the latest guidelines for the current limits.

Can I take a loan from my Syneos Health 401(k) plan?

Yes, Syneos Health allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan.

What investment options are available in the Syneos Health 401(k) plan?

The Syneos Health 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

How often can I change my investment choices in the Syneos Health 401(k) plan?

Employees can change their investment choices in the Syneos Health 401(k) plan at any time, allowing for flexibility in managing their retirement savings.

What happens to my Syneos Health 401(k) if I leave the company?

If you leave Syneos Health, you have several options for your 401(k) savings, including rolling it over to another retirement account, cashing it out, or leaving it in the Syneos Health plan, depending on the plan’s rules.

Is there a vesting schedule for the Syneos Health 401(k) plan?

Yes, Syneos Health has a vesting schedule for employer contributions, meaning employees must work for the company for a certain period before they fully own the employer-matched funds.

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

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