What Graphic Packaging Holding Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Graphic Packaging Holding Graphic Packaging Holding offers a 401(k) retirement plan, and while specific health insurance providers for the company are not explicitly detailed in public sources, employees often have access to various plans compliant with the Affordable Care Act (ACA). Employees should consult with their HR department or benefits administrator for precise details regarding their healthcare provider options. Healthcare Cost Increases in 2026 As 2026 approaches, Graphic Packaging Holding employees face potential healthcare cost increases due to significant projected hikes in ACA marketplace premiums. Reports indicate that many insurers are raising rates significantly, with some states anticipating increases exceeding 60%. Compounding the challenge are the potential expiration of enhanced federal subsidies, which could result in over 75% of enrollees experiencing sharp out-of-pocket premium increases. As a result, employees must proactively strategize their healthcare choices to mitigate the impact of these escalating costs and explore their benefits early to ensure affordability. Click here to learn more

For example, Graphic Packaging Holding employees planning on moving overseas need to have a clear plan of action to overcome the challenges of acquiring residency and citizenship in another country,' according to Brent Wolf from The Retirement Group at Wealth Enhancement Group.

Kevin Landis of The Retirement Group, a division of Wealth Enhancement Group, explains why detailed planning is crucial for Graphic Packaging Holding employees who intend to retire abroad. However,

In this article we will discuss:

1. The complexity of obtaining residency or citizenship abroad: Discussing the legal, financial, and cultural issues that are involved in moving overseas for Graphic Packaging Holding employees.

2. The necessity of professional advice and planning: Emphasizing the importance of thorough preparation and professional advice to ensure a smooth transition to retiring abroad.

3. Tax advantages and financial planning for retirees: Explaining the possible tax advantages that are available through international treaties and the strategic financial planning that needs to be done for the retirement savings of Graphic Packaging Holding employees.

Simply for political, economic, and social reasons, many Graphic Packaging Holding employees are looking to secure citizenship or residency in other countries if the United States is not as attractive as it once was. But, getting residency in another country and, perhaps, citizenship is not as simple as just buying a plane ticket and setting an itinerary.

This is because there are many processes that may take a few years to accomplish at times. The more people who are considering these options, the more difficult these choices become. It is therefore crucial to identify the legal, financial, and cultural implications that arise in order to ensure a smooth transition to a new home overseas before embarking on this journey.

Without a proper plan and some professional advice, it can be quite a challenge to switch gears and retire during your tenure at Graphic Packaging Holding.

The impact of potential tax advantages when retiring abroad will definitely affect your financial position. Many countries, including the United States, have tax treaties that prevent income from being taxed twice. For instance, pensioners are attracted to Portugal by the Non-Habitual Resident (NHR) regime that offers special tax concessions for up to 10 years.

You can enhance your retirement benefits by taking advantage of these perks and seeking the advice of a tax specialist. The IRS notes that because these treaties can be very different it is important to research and seek the advice of a professional (IRS, 2023). These advantages must be used by Graphic Packaging Holding employees to enhance their retirement.

Expatriating and retiring is a process of planning a long and beautiful road trip. Just as you would not travel without a map, a well-maintained car, and knowledge of your location, Graphic Packaging Holding employees who are retiring abroad need to plan carefully.

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Step by step, you will be guided on how to make your transition to your new home easier, from explaining cultural differences and tax benefits to helping you understand the legal and financial environment. Just as a road trip opens new views and experiences, retirement abroad presents a world of possibilities for a happy and comfortable retirement.

Sources:

1. The Warren Street Wealth Advisors Team. 'Graphic Packaging Holding and Large Company Employees.' Warren Street Wealth Advisors, 3 Feb. 2025, Accessed from warrenstreetwealth.com.

2. 'US Taxes for Americans Retiring Abroad in 2025.' MyExpatTaxes, 20 Nov. 2024, Accessed 3 Feb. 2025 from myexpattaxes.com.

3. Toms, Mary, CPA, MBA, MS. 'US Tax Implications of Retiring Abroad: What You Need to Know.' PBMares, 10 Dec. 2024, Accessed 3 Feb. 2025 from pbmares.com.

4. 'Financial Planning for US Expatriates.' The Expat Financial, Accessed 3 Feb. 2025 from expatfinancial.com.

5. 'Retiring Overseas: What You Need to Know About Your US Taxes and Financial Planning.' Expat CPA, Accessed 3 Feb. 2025 from expatcpa.com.

   What type of retirement savings plan does Graphic Packaging Holding offer to its employees?

   Graphic Packaging Holding offers a 401(k) retirement savings plan to its employees.

   Does Graphic Packaging Holding provide a company match for contributions to the 401(k) plan?

   Yes, Graphic Packaging Holding offers a company match for employee contributions to the 401(k) plan, subject to specific terms and conditions.

   At what age can employees of Graphic Packaging Holding start participating in the 401(k) plan?

   Employees of Graphic Packaging Holding can typically start participating in the 401(k) plan after they reach the age of 21.

   How can employees of Graphic Packaging Holding enroll in the 401(k) plan?

   Employees of Graphic Packaging Holding can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

   What is the maximum employee contribution limit for the 401(k) plan at Graphic Packaging Holding?

   The maximum employee contribution limit for the 401(k) plan at Graphic Packaging Holding is set by the IRS and may change annually; employees should check the latest guidelines.

   Does Graphic Packaging Holding allow employees to take loans against their 401(k) savings?

   Yes, Graphic Packaging Holding allows employees to take loans against their 401(k) savings, subject to specific plan rules.

   Can employees of Graphic Packaging Holding change their contribution percentage to the 401(k) plan?

   Yes, employees of Graphic Packaging Holding can change their contribution percentage at any time, following the plan’s guidelines.

   What investment options are available in the Graphic Packaging Holding 401(k) plan?

   The Graphic Packaging Holding 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, among others.

   Is there a vesting schedule for the company match in the 401(k) plan at Graphic Packaging Holding?

   Yes, Graphic Packaging Holding has a vesting schedule for the company match, which determines when employees fully own the matched contributions.

   How can employees of Graphic Packaging Holding access their 401(k) account information?

   Employees of Graphic Packaging Holding can access their 401(k) account information online through the plan’s designated website or mobile app.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Pension Plan Name: Graphic Packaging Holding Pension Plan Pension Formula: The pension benefit is calculated based on a formula that includes years of service and the average of the highest five consecutive years of salary. Eligibility: Employees must have at least 5 years of service and be 55 years old to qualify for retirement benefits. 401(k) Plan Name: Graphic Packaging Holding 401(k) Plan 401(k) Eligibility: Employees are eligible to participate in the 401(k) plan after 90 days of employment.
   Restructuring and Layoffs: In 2023, Graphic Packaging Holding announced a significant restructuring initiative aimed at optimizing its manufacturing operations. This included the closure of certain facilities and a reduction in workforce by approximately 10%. This move was part of a broader effort to streamline operations and reduce costs in response to shifting market demands and increased competition. Company Benefits Changes: The company has also revised its benefits package in light of the restructuring. Changes include adjustments to health insurance plans and alterations in retirement plan contributions. These modifications are intended to align the benefits structure with the new organizational framework and economic conditions.
   Graphic Packaging Holding Stock Options (GPK Options): 2022: GPK offered stock options primarily to senior executives and key employees as part of their compensation package. The options were usually granted with a vesting period of 3-4 years. 2023: GPK revised their stock option grants to include more mid-level management positions in addition to senior executives. The options were granted with performance-based vesting criteria. 2024: GPK continued to offer stock options, now including a broader range of employees in key operational roles. Vesting periods remained consistent with prior years.
   1. Company's Official Website Website: Graphic Packaging Holding - Careers & Benefits Navigate to: The careers section or benefits page on the official website. Search for: Health benefits, healthcare terms, acronyms, and any relevant updates. 2. General Search Engines Sources: Google, Bing, Yahoo Search for: “Graphic Packaging Holding health benefits 2022 2023 2024” Keywords to look for: Health insurance, wellness programs, employee assistance programs, health savings accounts (HSAs), flexible spending accounts (FSAs), and any specific healthcare terms or acronyms used by the company. 3. Employee Review Sites Websites: Glassdoor (Glassdoor) Indeed (Indeed) Comparably (Comparably) Search for: Reviews or employee feedback on health benefits. Look for: Insights on benefits from current or past employees, including satisfaction levels and specifics about health plans. 4. News Websites Websites: Bloomberg (Bloomberg) Reuters (Reuters) CNBC (CNBC) Search for: Recent news articles or press releases related to Graphic Packaging Holding's employee benefits and healthcare. Keywords to use: Employee healthcare changes, benefits adjustments, healthcare coverage updates. 5. Industry Reports and Publications Sources: Business Insider (Business Insider) HR Dive (HR Dive) SHRM (SHRM) Search for: Industry-specific reports on employee benefits that may include information on Graphic Packaging Holding. Keywords to use: Employee benefits trends, healthcare benefits in manufacturing, company-specific benefit analyses.