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

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Why Concentrix Employees Can Thrive in Retirement Without a Bucket List

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Healthcare Provider Update: Healthcare Provider for Concentrix Concentrix provides healthcare benefits to its employees through various insurance carriers that include major national insurers. Specific details about their healthcare provider network and insurance options should be confirmed with Concentrix's HR department or employee benefits portal. Potential Healthcare Cost Increases in 2026 In 2026, Concentrix employees may experience significant healthcare cost increases due to rising premiums in the Affordable Care Act (ACA) marketplace, with some states seeing hikes over 60%. A substantial loss of enhanced federal premium subsidies could result in average out-of-pocket premium costs soaring by more than 75%. While many employers, including Concentrix, are adjusting their benefits in response to escalating medical expenses, employees should consider strategic choices in their coverage plans to mitigate the impact of these rising costs and ensure access to affordable healthcare. Click here to learn more

The first few years of retirement are frequently a time of transitions for many, including those leaving Concentrix. 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 Concentrix 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 Concentrix. 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 is the 401(k) plan offered by Concentrix?

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

How can I enroll in the Concentrix 401(k) plan?

Employees can enroll in the Concentrix 401(k) plan by completing the enrollment process through the company’s benefits portal during the open enrollment period or within 30 days of their hire date.

Does Concentrix match contributions to the 401(k) plan?

Yes, Concentrix offers a matching contribution to the 401(k) plan, which helps employees grow their retirement savings.

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

The maximum contribution limit for the Concentrix 401(k) plan is determined by the IRS and is subject to change annually. Employees should check the latest IRS guidelines for the current limit.

Can I change my contribution amount to the Concentrix 401(k) plan?

Yes, employees can change their contribution amount to the Concentrix 401(k) plan at any time through the benefits portal.

When can I access my funds in the Concentrix 401(k) plan?

Employees can access their funds in the Concentrix 401(k) plan upon reaching retirement age, or in certain circumstances such as financial hardship or termination of employment.

What investment options are available in the Concentrix 401(k) plan?

The Concentrix 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Does Concentrix provide financial advice for 401(k) participants?

Yes, Concentrix may offer access to financial advisors or resources to help employees make informed decisions about their 401(k) investments.

Is there a vesting schedule for the Concentrix 401(k) matching contributions?

Yes, Concentrix has a vesting schedule for matching contributions, which means that employees must work for a certain period before they fully own the matched funds.

How do I check my 401(k) balance with Concentrix?

Employees can check their 401(k) balance by logging into the benefits portal or contacting the plan administrator for assistance.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Concentrix has announced a significant restructuring plan involving the closure of several international offices and a reduction in its global workforce by approximately 10% by the end of 2024. The company cited operational efficiency and cost reduction as primary reasons for these changes.
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For more information you can reach the plan administrator for Concentrix at 901 Mariners Island Blvd, Suite 200 San Mateo, CA 94404; or by calling them at (650) 226-6000.

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