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

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Unlock a World of Adventure: The Ball Corporation Employee's Guide to Retirement Travel

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Healthcare Provider Update: Healthcare Provider for Ball Corporation Ball Corporation's healthcare coverage is primarily provided through Aetna, a well-established insurer known for a range of healthcare plans tailored to meet the diverse needs of employees. Brief Overview of Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, Ball Corporation employees should prepare for significant healthcare cost increases, with many anticipating premium hikes of over 60% in some states. This alarming trend is largely attributed to rising medical expenses, the potential expiration of enhanced federal premium subsidies, and aggressive actions from major insurers. Without congressional intervention to extend these vital subsidies, more than 22 million individuals could face an average increase of 75% in out-of-pocket costs, straining budgets and limiting access to essential healthcare services. It's crucial for employees to proactively plan for these developments to mitigate financial impacts in the coming year. Click here to learn more

Traveling During Retirement

Traveling during retirement presents unique opportunities and challenges, providing Ball Corporation employees the chance to explore the world with newfound flexibility and perspective. This detailed guide offers strategic advice for making the most of travel during retirement, supporting both enrichment and effective management.

The Evolution of Travel in Retirement

Many dream of traveling more after retirement, envisioning a period filled with adventure and relaxation. However, transitioning from imagination to reality requires learning through trial and error, as was the case for me after ending a full-time career. Alongside my husband, who still works part-time, we've navigated the complexities of travel in our younger years, developing a style that suits our preferences for independence and spontaneity.

Learning from Early Experiences

Our retirement travel journey began with diverse experiences, from an Alaskan cruise to group excursions. We soon realized that the structured nature of these trips did not align with our desires. Travel, though leisurely, felt restrictive with its predetermined schedules and constant need for reservations, which limited our spontaneity and left us feeling confined. Similarly, group tours, while convenient for their logistical support, limited our ability to explore independently, often confining our time to tourist attractions and adhering to a set schedule.

Embracing 'A La Carte' Travel

These insights led us to what I call 'a la carte' travel. This approach allows us to customize our journeys according to our personal preferences, highlighting the flexibility and independence we've always cherished. We've identified six key rules to enhance our retirement travel:

  1. Travel Off-Season
    The flexible schedules of Ball Corporation retirees allow for off-season travel, which not only reduces crowds but often results in a more relaxed and enjoyable experience. For example, our recent trips to Europe during the winter season allowed us to explore without the constraints of long lines and crowded venues, making the experience far more pleasant.

  2. Choose Less Crowded Destinations
    We often select locations that are not primary tourist destinations, offering a slower pace and less density. This approach was particularly delightful during our stay in Bath and the Cotswolds in the UK, where we experienced exceptional historical sites and local culture without the exhaustion of tourist crowds.

  3. Engage with Local Residents
    One of the joys of traveling in retirement is the opportunity for spontaneous and meaningful exchanges with local residents. These conversations often provide insights and stories that enrich the travel experience. For instance, a caretaker at Blenheim Palace shared a memorable anecdote about Winston Churchill's birth, which was a highlight of our visit.

  4. Limit Your Focus
    Instead of trying to see everything, we prioritize a few key attractions or activities per destination. This approach prevents fatigue and allows us to spend more quality time at each site. At the Palais des Beaux-Arts in Lille, we chose to focus on specific artworks, which made our visit more enjoyable and less rushed.

  5. Stay Longer in Fewer Places
    To reduce the stress of repeated packing and unpacking, we extend our stays in fewer locations. This practice not only lessens travel-related stress but also allows us to feel more settled and comfortable in each new place, enhancing our overall experience.

  6. Be Flexible and Ready to Improvise
    The absence of a strict schedule allows for adjustments based on our daily preferences and conditions. This flexibility can lead to unexpected discoveries and experiences, which enhance our enjoyment of each trip.

Conclusion

Traveling in retirement is not just about discovering new destinations; it's about experiencing the world in a way that best suits our preferences and pace. The freedom to choose how and where we travel has transformed our experiences, turning each journey into a personalized adventure tailored to our desires. By sharing this knowledge, I hope to inspire Ball Corporation employees to discover their own travel rhythms, making each trip as rewarding as it is memorable.

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For a deeper exploration and personal stories about travel, resources such as travel blogs, forums for senior travelers, and lifestyle sections in newspapers offer additional perspectives and tailored advice for mature travelers.

Incorporating technology can significantly enhance the travel experience for Ball Corporation retirees by providing essential tools for navigation and local insights.  According to a study by the Pew Research Center in 2023, over 60% of travelers aged 55 and older use travel apps to book accommodations and access real-time information about locations , making their journeys more enjoyable and fulfilling. These applications extend beyond logistical arrangements, allowing for exploration of off-the-beaten-path destinations, aligning with the preferences of many seasoned travelers for autonomy and deep local engagement.

Just like a wine connoisseur selects a bottle not only for its label but also for its suitability to the occasion, experienced travelers choose their destinations and travel styles based on their preferences and pace. Traveling off-season offers the tranquility and complexity of a well-aged wine, enjoyed without the rush of peak periods. Choosing less crowded areas is like acquiring a unique vintage vehicle that promises a memorable experience. Engaging with local residents, focusing on select attractions, extending stays, and being flexible are akin to letting the wine breathe, allowing its full flavor to unfold elegantly. This personalized approach to travel enhances each journey, making it both satisfying and unforgettable.

What type of retirement plan does Ball Corporation offer to its employees?

Ball Corporation offers a 401(k) Savings Plan to its employees to help them save for retirement.

How does Ball Corporation match employee contributions to the 401(k) plan?

Ball Corporation provides a matching contribution to employee 401(k) contributions, typically matching a percentage of what employees contribute up to a certain limit.

Can employees at Ball Corporation choose how their 401(k) contributions are invested?

Yes, employees at Ball Corporation can choose from a variety of investment options for their 401(k) contributions, allowing them to tailor their investment strategy.

What is the eligibility requirement for Ball Corporation employees to participate in the 401(k) plan?

Most employees at Ball Corporation are eligible to participate in the 401(k) plan after completing a specified period of service, typically within their first year of employment.

Does Ball Corporation offer any educational resources for employees to learn about the 401(k) plan?

Yes, Ball Corporation provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.

What is the maximum contribution limit for employees participating in Ball Corporation’s 401(k) plan?

The maximum contribution limit for employees in Ball Corporation’s 401(k) plan is set by the IRS and may change annually; employees should check the latest limits for the current year.

Are there any fees associated with Ball Corporation's 401(k) plan?

Yes, Ball Corporation's 401(k) plan may have certain administrative fees, which are disclosed in the plan documents provided to employees.

Can employees take loans against their 401(k) savings at Ball Corporation?

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

What happens to employees' 401(k) savings if they leave Ball Corporation?

If employees leave Ball Corporation, they can roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the Ball Corporation plan, depending on the plan’s rules.

Does Ball Corporation allow for after-tax contributions to the 401(k) plan?

Yes, Ball Corporation may allow for after-tax contributions to the 401(k) plan, enabling employees to save additional funds for retirement.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Ball Corporation offers a defined benefit pension plan called the Ball Corporation Pension Plan. Employees become eligible after one year and vested after five years of service. The plan calculates benefits based on final average salary and years of service. Ball’s 401(k) plan, known as the Ball Corporation 401(k) Savings Plan, matches employee contributions up to 4% when contributing 5% or more. Immediate 100% vesting is provided for all contributions. [Source: Ball Benefits Overview, 2022, p. 12]
Ball Corporation transferred its pension liabilities to Prudential Annuity to manage costs and streamline administration. The company reported strong financial results for Q1 2024 and continues to offer competitive benefits including a 401(k) plan with company match and additional contributions. Understanding these benefits is vital given the current tax and political landscape.
Ball Corporation provides stock options and RSUs as part of its compensation packages. Stock options allow employees to purchase shares at a set price post-vesting, while RSUs are awarded with vesting conditions such as tenure or performance. In 2022, Ball Corporation enhanced its equity programs with performance-based RSUs. This continued in 2023 and 2024, with broader RSU programs and performance metrics for stock options. Executives and middle management are the main recipients, ensuring alignment with long-term company goals. [Source: Ball Corporation Financial Results 2022-2024, p. 58]
Ball Corporation’s 2022 healthcare updates included improved mental health support and expanded telehealth services. The company introduced additional wellness programs and preventive care options by 2023. For 2024, Ball Corporation focused on maintaining comprehensive health coverage and integrating innovative solutions. The strategy aimed to support overall employee well-being with digital health tools and comprehensive care options. Ball Corporation’s approach reflected a commitment to addressing evolving employee needs and enhancing benefits. The updates were designed to improve employee satisfaction and health management.
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For more information you can reach the plan administrator for Ball Corporation at 100 north riverside Chicago, IL 60606; or by calling them at 1-312-544-2000.

https://www.ball.com/getattachment/318cdc87-5e97-4291-b42e-79bbad714665/GRI-REPORT-2024-March-Update.pdf - Page 5 https://www.pbgc.gov/sites/default/files/documents/fy-2024-annual-performance-plan.pdf - Page 12 https://www.ball.com/getmedia/a64361fb-2ac5-4139-8497-e76e1add643c/2023_financial-data.pdf - Page 18 https://www.ball.com/getattachment/e0e7b2a3-5c68-4284-8f49-0a7bf45b3505/Ball-2023-GRI-Content-Index-Response_March-2023-1.pdf - Page 14 https://s1.q4cdn.com/288660599/files/doc_financials/2023/ball-corporation-2023-10k.pdf - Page 20 https://www.irs.gov/pub/irs-drop/rr-22-02.pdf - Page 8 https://cache.hacontent.com/ybr/R516/04471_ybr_ybrfndt/downloads/FedExCorporationPensionPlanAFN.pdf - Page 15 https://www.nvpers.org/sites/default/files/publications/21735_NV_PERS_News_2022_p6_1.pdf - Page 10 https://www.bdo.com/getmedia/bdc0ae98-c4b6-4f30-a4a9-c3e8a2d64dc4/EBP_2023-Deadlines-and-Important-Dates.pdf?ext=.pdf - Page 9 https://assets.kpmg.com/content/dam/kpmg/us/pdf/2022/10/22323.pdf - Page 13

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