Energizer Holdings Employees, Prepare for Enhanced HSA Benefits in 2025

For Energizer Holdings employees, maximizing contributions to your HSA in 2025 may be a smart way to control costs around healthcare and also grow your long-term savings for retirement, said.

With the increase in HSA contribution limits coming soon, Energizer Holdings employees approaching retirement should take advantage of this opportunity to grow their healthcare savings now so they can take a tax-efficient approach to future medical costs, said Sullivan.

In this article, we will discuss:

1. Limits on 2025 IRS health savings account (HSA) contributions.

2. How HSAs give you a triple tax advantage and help you control costs for healthcare.

3. HSAs & retirement planning & Medicare premiums.

The IRS has announced inflation-adjusted increases to the health savings account (HSA) contribution limits for 2025. The contribution cap for those with self-only health coverage will increase from USD 4,150 in 2024 to USD 4,300 in 2025, and for families, the maximum will increase from USD 8,300 to USD 8,550.

HSAs provide a triple tax benefit - contributions are deductible, account assets grow tax-free, and withdrawals for approved medical expenses are tax-free. Such features help HSAs manage healthcare costs.

Your high-deductible health plan must offer an HSA. For the year 2025, the IRS says the plans must carry a USD 1,650 individual deductible and USD 3,300 family deductible.Even with all these benefits, a 2023 survey by the Plan Sponsor Council of America found only 19% of HSA account holders invest—most keep their savings in cash—potentially missing big growth opportunities.

The IRS is also updating the catch-up contribution limit for Energizer Holdings employees over age 55 this year—keeping the USD 1,000 catch-up contribution for now.Understand HSAs and how they could benefit your financial strategy—especially with the rise of healthcare costs and retirement planning. Prompt financial decisions such as switching to a Roth IRA or drafting a will are life planning steps as well.

And for Energizer Holdings employees approaching retirement age: HSA money can help pay for Medicare premiums when you turn 65. That includes Medicare Advantage plans, as well as Parts B and D premiums, although Medigap premiums are not eligible for HSA expenditure. While not all medical expenses are covered by Medicare, funding these costs through HSAs could optimize your healthcare spending in retirement. A 2022 study by Fidelity Investments estimated medical costs for a retired couple would be around USD 315,000 after taxes.

Consider your health savings account (HSA) an essential tool in your financial toolkit. Like getting a new phone, increasing HSA contribution limits for 2025 gives you more options to manage and invest in your healthcare. You can think of contributing to your HSA as downloading an app that gives you triple tax benefits—deductions on contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. This keeps your health coverage as current and efficient as new technology—making your HSA a critical component of your Energizer Holdings retirement planning strategy.

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Sources:

1. Fidelity Investments. 'HSA Contribution Limits 2024 and 2025.' Fidelity.com , 23 Jan. 2025, https://www.fidelity.com/learning-center/smart-money/hsa-contribution-limits . Accessed 5 Mar. 2025.

2. Plan Sponsor Council of America (PSCA). 'Helping Employees Enroll in HSAs.' PSCA.org , 9 Nov. 2023, https://www.psca.org/news/psca-news/2023/11/PR_2023_HSAreprot . Accessed 5 Mar. 2025.

3. Internal Revenue Service (IRS). 'Part III Administrative, Procedural, and Miscellaneous.' IRS.gov , May 2024, https://www.irs.gov/pub/irs-drop/rp-24-25.pdf . Accessed 5 Mar. 2025.

4. Woodruff Sawyer. 'IRS Releases 2025 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits.' Woodruffsawyer.com , 13 May 2024, https://woodruffsawyer.com/insights/2025-hsa-limits-released . Accessed 5 Mar. 2025.

5. Plan Sponsor Council of America (PSCA). 'HSAs: A Growing Retirement Savings Strategy.' 401k Specialist , Nov. 2023, https://401kspecialistmag.com/higher-numbers-of-hsas-positioned-as-retirement-savings-strategy . Accessed 5 Mar. 2025.

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

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

Does Energizer Holdings provide a company match for contributions made to the 401(k) plan?

Yes, Energizer Holdings provides a company match for employee contributions to the 401(k) plan, subject to specific terms and conditions.

What is the eligibility requirement to participate in the Energizer Holdings 401(k) plan?

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

Can employees of Energizer Holdings choose how their 401(k) contributions are invested?

Yes, employees at Energizer Holdings can choose from a variety of investment options for their 401(k) contributions.

How does Energizer Holdings ensure that employees are informed about their 401(k) plan options?

Energizer Holdings provides educational materials, workshops, and access to financial advisors to help employees understand their 401(k) plan options.

Is there a vesting schedule for the company match in the Energizer Holdings 401(k) plan?

Yes, there is a vesting schedule for the company match in the Energizer Holdings 401(k) plan, which determines how much of the match employees are entitled to based on their years of service.

What is the maximum contribution limit for the Energizer Holdings 401(k) plan?

The maximum contribution limit for the Energizer Holdings 401(k) plan is in line with IRS guidelines, which may change annually.

Can employees of Energizer Holdings take loans against their 401(k) accounts?

Yes, Energizer Holdings allows employees to take loans against their 401(k) accounts under certain conditions outlined in the plan.

What happens to an employee's 401(k) account if they leave Energizer Holdings?

If an employee leaves Energizer Holdings, they have several options for their 401(k) account, including cashing out, rolling it over to another retirement account, or leaving it in the Energizer Holdings plan if allowed.

Does Energizer Holdings offer any resources for retirement planning?

Yes, Energizer Holdings provides resources and tools for retirement planning, including access to financial advisors and online calculators.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Energizer Holdings provides its employees with a retirement plan that includes both a pension plan and a 401(k) plan, designed to help employees secure their financial future. The company offers the Energizer Holdings, Inc. Retirement Plan, which has gone through notable changes in recent years. In 2023, Energizer Holdings completed a pension plan annuity buyout, resulting in a $50.2 million recognition of unamortized actuarial losses (Energizer Holdings - Investors). For the 401(k) plan, Energizer Holdings offers a match of up to 6%, where the company matches 100% of employee contributions up to this limit. Employees can also make additional contributions beyond this match, and for employees over 50 years of age, catch-up contributions are available. The 401(k) plan is known to have typical features such as tax-deferral benefits and company contributions

Restructuring and Layoffs: Energizer Holdings has announced a significant restructuring initiative aimed at streamlining operations and reducing costs. This plan includes a reduction in workforce across several departments. The company has stated that these layoffs are necessary to improve efficiency and profitability amidst a challenging economic environment. It is crucial to follow this development due to its potential impact on employees and the overall company strategy in response to current market pressures.

Energizer Holdings offers stock options and RSUs to its executive team and key employees. The company uses the acronym SO for Stock Options and RSU for Restricted Stock Units. Specifics about these benefits are outlined in their annual proxy statements and are updated annually.

Energizer Holdings: Healthcare Benefits Information 1. Company Official Website: Website: Energizer Holdings Careers Healthcare Benefits: Energizer Holdings offers a comprehensive benefits package including medical, dental, and vision insurance. They also provide a wellness program that includes various health-related resources and preventive care initiatives. 2. Glassdoor: Website: Glassdoor - Energizer Holdings Benefits Healthcare Benefits: Employees have reported access to standard healthcare benefits including medical, dental, and vision coverage. Glassdoor reviews suggest that the healthcare plan is competitive but varies by location and employee level. 3. Indeed: Website: Indeed - Energizer Holdings Benefits Healthcare Benefits: According to Indeed, Energizer Holdings provides a range of healthcare benefits including medical, dental, and vision insurance. The company also offers a health savings account (HSA) and flexible spending accounts (FSA). 4. LinkedIn: Website: LinkedIn - Energizer Holdings Benefits Healthcare Benefits: LinkedIn mentions that Energizer Holdings offers healthcare benefits as part of their overall employee benefits package. Details on specific plans or coverage are not extensively detailed but include basic medical, dental, and vision options. 5. HR & Employee Benefits Websites: Website: Payscale - Energizer Holdings Benefits Healthcare Benefits: Payscale provides information on Energizer Holdings' benefits including medical, dental, and vision insurance. They also highlight employee feedback on the quality of these benefits.

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For more information you can reach the plan administrator for Energizer Holdings at 533 Maryville University Dr, Suite 200 St. Louis, MO 63141; or by calling them at (314) 985-2000.

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