Healthcare Provider Update: Hub Group provides a portfolio of medical plans, wellness programs, FSAs, and a 401(k) with discretionary match 2. As ACA costs increase, Hubs flexible benefits and health-focused initiatives may help employees avoid the financial strain of marketplace plans. Click here to learn more
The first few years of retirement are frequently a time of transitions for many, including those leaving Hub Group. 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 Hub Group 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 Hub Group. 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 Hub Group?
The 401(k) plan at Hub Group is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them prepare for retirement.
Does Hub Group match employee contributions to the 401(k) plan?
Yes, Hub Group offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the eligibility requirement for Hub Group's 401(k) plan?
Employees at Hub Group are typically eligible to participate in the 401(k) plan after completing a specified period of employment, usually within the first year.
How can employees at Hub Group enroll in the 401(k) plan?
Employees can enroll in Hub Group's 401(k) plan through the company's HR portal or by contacting the HR department for assistance.
What types of investment options are available in Hub Group's 401(k) plan?
Hub Group offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles tailored to different risk tolerances.
Can employees at Hub Group take loans against their 401(k) savings?
Yes, Hub Group 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) account if I leave Hub Group?
If you leave Hub Group, you can choose to roll over your 401(k) account to another retirement plan, cash it out, or leave it in the Hub Group plan, depending on your preferences and the plan's rules.
How often can employees change their contribution amounts to the Hub Group 401(k) plan?
Employees can change their contribution amounts to Hub Group's 401(k) plan at any time, typically through the HR portal or by submitting a request to HR.
Is there a vesting schedule for Hub Group's 401(k) matching contributions?
Yes, Hub Group has a vesting schedule for its 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 Hub Group's 401(k) plan?
The maximum contribution limit for Hub Group's 401(k) plan is subject to IRS regulations, which may change annually. Employees should check with HR for the current limits.