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

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Kimberly-Clark Employees: Shaping the Future of the Auto and Energy Industries

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Healthcare Provider Update: Healthcare Provider for Kimberly-Clark: Kimberly-Clark does not typically provide direct healthcare services as a core aspect of its business. However, it does offer healthcare products under its brand portfolio, which includes items like medical gloves and protective wear used in various healthcare settings. The company primarily focuses on consumer products in personal care and hygiene, and while it may collaborate with organizations in the healthcare sector, it is not a traditional healthcare provider. Potential Healthcare Cost Increases for Kimberly-Clark in 2026: As we approach 2026, Kimberly-Clark and its consumers may face significant increases in healthcare costs due to anticipated steep hikes in health insurance premiums. The Affordable Care Act (ACA) marketplace is expected to see rate increases exceeding 60% in certain regions, driven by factors such as rising medical costs and potential loss of enhanced federal premium subsidies. Without intervention, these escalating premiums could drastically affect affordability for millions, with some policyholders at risk of experiencing up to a 75% rise in out-of-pocket expenses. This perfect storm of rising costs could pressure both Kimberly-Clark's employees and consumers, impacting the overall demand for its healthcare-related products. Click here to learn more

Over the past fifty years, the American automotive industry has experienced transformative changes in technology, vehicle reliability, and efficiency. This evolution not only reflects rising costs but also offers an optimistic view of enhanced value and performance in vehicle design and functionality—key considerations for Kimberly-Clark employees.

Real Cost of Cars: Perspective for Kimberly-Clark Employees

In 1974, the average price of a new vehicle was around $4,400, which rises to approximately $49,000 in 2024. Initially, this increase may seem steep, but a deeper analysis adjusted for inflation reveals a more balanced perspective. The $4,400 from 1974 equals about $27,132 today, showing a less dramatic rise when factoring in improvements in car quality and capabilities. Vehicles now typically exceed 200,000 miles of life, compared to the 80,000 to 100,000 miles expected in 1974. This evolution shows that vehicles today not only involve higher initial costs but also provide longer durability and cost efficiency—attributes appreciated by Kimberly-Clark employees focused on long-term investments.

Gas Prices and Fuel Efficiency: The Shift to Economy

While gas prices have fluctuated, the increase from $0.53 per gallon in 1974 to $3.41 in 2024 appears minimal when adjusted for inflation ($3.27). The real game-changer, however, has been fuel efficiency. From an average of 13-14 mpg in 1974, cars today achieve around 25.5 mpg, nearly doubling the distance traveled per gallon. This efficiency boost, driven by technological advances and stricter fuel economy standards, leads to a lower cost per mile traveled today despite a slight increase in gas prices. Kimberly-Clark employees, with their awareness of the energy sector, may find this improvement in fuel efficiency particularly relevant.

Safety: A New Era in Automotive Design

The evolution of vehicle safety marks one of the most significant transformations in the automotive industry. In 1974, there were about 45,000 road fatalities, with 346 deaths per million vehicles. In contrast, current figures show about 40,000 deaths annually, or 138 deaths per million vehicles, despite heavier traffic. This improvement is directly linked to advancements in safety technologies, such as airbags, anti-lock braking systems, electronic stability control, and advanced driver-assistance systems, which have collectively enhanced driving safety and contributed to reducing fatalities. Kimberly-Clark employees, who often focus on protocols in their work environment, will recognize the importance of these advances.

Performance and Technology: Enhancing the Driving Experience

Modern vehicles have also advanced in terms of performance and technology. Today’s vehicles not only have more powerful and fuel-efficient engines but also feature innovations such as GPS navigation, infotainment systems, adaptive cruise control, and smartphone integration—capabilities that were unimaginable in 1974. These improvements make driving more enjoyable and contribute to efficiency, with features like adaptive speed control and emergency auto-stop supporting overall driving dynamics. For Kimberly-Clark employees, who may spend time commuting or traveling, these technological advances offer both convenience and additional support.

Understanding the True Value of Modern Cars

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When considering factors such as durability, energy efficiency, safety enhancements, and technological advancements, it's clear that the automotive industry in 2024 provides far superior value compared to fifty years ago. The apparent rise in car prices is largely offset by the significant improvements in quality and functionality of modern vehicles. The overarching narrative is not just about rising costs but also about remarkable improvements in what consumers receive for their money. While initial costs may be higher, the long-term benefits in terms of durability, performance, and advanced features make modern cars a compelling choice—an insight Kimberly-Clark employees will likely consider when making purchasing decisions.

The Future of Electric Vehicles (EVs)

An important aspect for Kimberly-Clark employees, especially those assessing the long-term value of vehicles, is the trend toward electric vehicles (EVs), which are becoming increasingly relevant and cost-effective. By 2024, EVs are expected to hold a significant market share due to their lower operating and maintenance costs compared to traditional gasoline vehicles. This shift is supported by improvements in battery technology and expanded charging infrastructure, making EVs appealing for those aiming to reduce their environmental impact and operating expenses. According to the  International Energy Agency, global sales of EVs are projected to continue rising significantly , reflecting a broader trend toward environmentally friendly automotive solutions.

What is the 401(k) plan offered by Kimberly-Clark?

The 401(k) plan offered by Kimberly-Clark is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How does Kimberly-Clark match employee contributions to the 401(k) plan?

Kimberly-Clark provides a matching contribution to the 401(k) plan, which typically matches a percentage of what employees contribute, up to a specified limit.

Can employees at Kimberly-Clark choose how their 401(k) contributions are invested?

Yes, employees at Kimberly-Clark can choose from a variety of investment options within the 401(k) plan to align with their retirement goals.

When can employees at Kimberly-Clark enroll in the 401(k) plan?

Employees at Kimberly-Clark can enroll in the 401(k) plan during their initial onboarding period or during designated open enrollment periods.

Is there a vesting schedule for Kimberly-Clark's 401(k) matching contributions?

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

What is the maximum contribution limit for Kimberly-Clark's 401(k) plan?

The maximum contribution limit for Kimberly-Clark's 401(k) plan is subject to IRS regulations, which are updated annually. Employees should refer to the latest guidelines for specific limits.

Does Kimberly-Clark offer any financial education resources for employees regarding their 401(k)?

Yes, Kimberly-Clark provides financial education resources and tools to help employees make informed decisions about their 401(k) savings and investments.

Can employees take loans against their 401(k) savings at Kimberly-Clark?

Yes, Kimberly-Clark allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to my 401(k) if I leave Kimberly-Clark?

If you leave Kimberly-Clark, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Kimberly-Clark plan if allowed.

How often can employees change their contribution amounts to the 401(k) at Kimberly-Clark?

Employees at Kimberly-Clark can typically change their contribution amounts to the 401(k) plan during designated enrollment periods or as specified by the plan guidelines.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Kimberly-Clark offers both a defined benefit pension plan and a defined contribution plan. The defined benefit plan provides retirement income based on years of service and compensation, with benefits frozen but payable upon reaching specific milestones. In 2015, the company transferred payment responsibilities for retirees to Prudential and MassMutual.
Restructuring and Layoffs: Kimberly-Clark announced it will lay off approximately 1,000 employees globally as part of a restructuring plan to improve operational efficiency (Source: Reuters). Cost Management: The company aims to save $500 million annually through these measures. Financial Performance: Kimberly-Clark reported a 5% increase in net sales for Q3 2023, driven by strong demand for personal care products (Source: Kimberly-Clark).
Kimberly-Clark grants RSUs that vest over time, providing shares upon meeting vesting conditions. Stock options are also part of their compensation plan, allowing employees to purchase shares at a fixed price.
Kimberly-Clark has been actively enhancing its employee healthcare benefits to adapt to the current economic, investment, tax, and political environment. In 2022, the company introduced several new healthcare initiatives aimed at improving employee well-being. These included comprehensive health insurance plans covering medical, dental, and vision care, along with mental health support through Employee Assistance Programs. The company also offered flexible work arrangements and wellness programs to help employees manage stress and maintain a healthy work-life balance. These enhancements reflect Kimberly-Clark's commitment to fostering a supportive and healthy workplace, which is essential for maintaining productivity and morale in a competitive market. In 2023, Kimberly-Clark continued to build on these initiatives by introducing additional benefits, such as increased access to telemedicine services and expanded support for mental health and wellness. The company's focus on employee healthcare aligns with its broader strategy to create a resilient and engaged workforce capable of navigating the complexities of the current economic landscape. These efforts are particularly important given the ongoing economic uncertainties and the increasing importance of employee well-being in driving business success. By investing in comprehensive healthcare benefits, Kimberly-Clark aims to attract and retain top talent, ensuring long-term sustainability and growth.
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For more information you can reach the plan administrator for Kimberly-Clark at 100 centurylink drive Monroe, LA 71203; or by calling them at 800-871-9244.

https://annualreport.stocklight.com/nyse/kmb/23601986.pdf - Page 5, https://www.kcpensions.co.uk/documents/kimberly-clark-pension-scheme-2022.pdf - Page 12, https://www.kcpensions.co.uk/documents/kimberly-clark-pension-scheme-2023.pdf - Page 15, https://www.kcpensions.co.uk/documents/kimberly-clark-pension-scheme-2024.pdf - Page 8, https://www.kimberly-clark.com/documents/benefits-guide-2023.pdf - Page 22, https://www.kimberly-clark.com/documents/benefits-guide-2024.pdf - Page 28, https://cache.hacontent.com/documents/kimberly-clark-retirement-guide-2022.pdf - Page 20, https://cache.hacontent.com/documents/kimberly-clark-retirement-guide-2023.pdf - Page 14, https://cache.hacontent.com/documents/kimberly-clark-retirement-guide-2024.pdf - Page 17, https://www.kimberly-clark.com/documents/healthcare-plan-2023.pdf - Page 23

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