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

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Why Advance Auto Parts Employees Can Thrive in Retirement Without a Bucket List

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Healthcare Provider Update: Healthcare Provider for Advance Auto Parts: Advance Auto Parts offers healthcare benefits through a range of insurance carriers; specific providers may vary by location and plan. Generally, large employers like Advance Auto Parts collaborate with major insurers such as UnitedHealthcare, Anthem (Elevance Health), and others to provide health insurance options to their employees. It's advisable for employees to check specific plan details through their benefits resources for precise provider information. Potential Healthcare Cost Increases in 2026: As Advance Auto Parts prepares for 2026, employees could face significant increases in healthcare costs, driven by a dramatic rise in Affordable Care Act (ACA) premiums. Projections indicate that many states could see hikes exceeding 60%, primarily due to the expiration of enhanced federal premium subsidies and rising medical costs influenced by inflation. Notably, 51% of large employers, including Advance Auto Parts, may implement higher deductibles and out-of-pocket expenses to mitigate these costs, potentially shifting more financial burdens onto employees and complicating access to affordable coverage. Understanding these dynamics will be crucial for employees to effectively manage their healthcare expenses. Click here to learn more

The first few years of retirement are frequently a time of transitions for many, including those leaving Advance Auto Parts. It is a critical period that can influence the next few decades financially and emotionally. At the age of sixty-six, Wall Street Journal distinguished editor Stephen Kreider Yoder announced his retirement. His wife, sixty-seven-year-old Karen Kreider Yoder, followed suit. Their experiences, highlighted in the 'Retirement Rookies' column each month, demonstrate a departure from conventional retirement preparation. They emphasize crafting adaptable, meaningful experiences that serve as a foundation for future undertakings over following predetermined bucket lists.


This approach to retirement highlights a larger movement among individuals reimagining their post-employment years. By focusing on personal development and continual exploration, retirees can ensure a fuller, more satisfying experience. This narrative offers invaluable insights for Advance Auto Parts employees looking to maximize their life-changing retirement years.

Recent studies by the American Psychological Association (APA) underline the advantages of the Yoders' method of unstructured retirement planning. The research indicates that retirees adhering rigidly to their pre-planned bucket lists report lower levels of satisfaction and fulfillment compared to those who engage in activities based on their own interests and whims. This suggests that a flexible retirement lifestyle can lead to more fulfilling and significant experiences, an important consideration as employees transition from structured careers to the freedom of retirement.


In the Retirement Rookies column, Stephen and Karen Kreider Yoder share their journeys and offer a fresh perspective on retirement planning. Learn why they're passing on typical bucket lists in favor of flexible, meaningful experiences, and how this strategy might enhance your post-work years at Advance Auto Parts. Discover how embracing an unstructured retirement can lead to increased contentment and pleasure, setting the stage for a rewarding future.

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Forgoing a conventional retirement plan is akin to sailing a ship without a defined course. Retirees like the Yoders choose to navigate the waters of their golden years with the liberty to uncover new horizons as they appear, rather than charting every port of call. This method, much like a sailor discovering new adventures in uncharted waters, allows them to encounter unexpected joys and experiences, enriching each day with personal growth and satisfaction.

What type of retirement savings plan does Advance Auto Parts offer?

Advance Auto Parts offers a 401(k) retirement savings plan to help employees save for their future.

Can employees at Advance Auto Parts contribute to their 401(k) plan?

Yes, employees at Advance Auto Parts can contribute a portion of their salary to the 401(k) plan.

What is the maximum contribution limit for the Advance Auto Parts 401(k) plan?

The maximum contribution limit for the Advance Auto Parts 401(k) plan is determined by the IRS guidelines, which can change annually.

Does Advance Auto Parts offer any company matching contributions to the 401(k) plan?

Yes, Advance Auto Parts offers a company matching contribution to encourage employees to save for retirement.

When can employees at Advance Auto Parts enroll in the 401(k) plan?

Employees at Advance Auto Parts can typically enroll in the 401(k) plan during their initial eligibility period or during open enrollment periods.

What investment options are available in the Advance Auto Parts 401(k) plan?

The Advance Auto Parts 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for company contributions in the Advance Auto Parts 401(k) plan?

Yes, Advance Auto Parts has a vesting schedule that determines when employees fully own the company contributions made to their 401(k) accounts.

Can employees take loans against their 401(k) savings at Advance Auto Parts?

Yes, employees at Advance Auto Parts may have the option to take loans against their 401(k) savings, subject to the plan's terms.

What happens to my 401(k) savings if I leave Advance Auto Parts?

If you leave Advance Auto Parts, you can roll over your 401(k) savings into another retirement account or leave it in the Advance Auto Parts plan, depending on the plan's provisions.

How can I access my 401(k) account information at Advance Auto Parts?

Employees can access their 401(k) account information through the plan's online portal or by contacting the plan administrator.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Advance Auto Parts announced it would lay off approximately 400 employees as part of a $150 million cost reduction plan. This restructuring includes selling two business units and eliminating several executive positions to streamline operations​ (WRAL TechWire)​​ (WRAL TechWire)​.
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For more information you can reach the plan administrator for Advance Auto Parts at 2635 East Millbrook Road Raleigh, CA 27604; or by calling them at (919) 227-5466.

*Please see disclaimer for more information

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