Healthcare Provider Update: For Owens Corning, the healthcare provider managing employee benefits is largely influenced by market dynamics and company-specific strategies. As reported, Owens Corning employees may face significant healthcare cost increases in 2026 due to a combination of factors. The anticipated sharp rise in Affordable Care Act (ACA) premiums-potentially exceeding 60% in some states-will likely lead the company to adjust its benefit structures, including higher deductibles and out-of-pocket maximums. With many large firms adopting similar approaches to manage rising healthcare expenses, Owens Corning employees should be proactive in understanding upcoming benefit changes and optimizing their plan selections to mitigate the impact of rising costs. Overall, 2026 could see employees bearing a larger share of healthcare expenses, reflecting broader trends in the insurance marketplace. Click here to learn more
The first few years of retirement are frequently a time of transitions for many, including those leaving Owens Corning. 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 Owens Corning 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 Owens Corning. 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 Owens Corning 401(k) Savings Plan?
The Owens Corning 401(k) Savings Plan is a retirement savings plan that allows employees to save for retirement through pre-tax and/or after-tax contributions.
How can I enroll in the Owens Corning 401(k) Savings Plan?
Employees can enroll in the Owens Corning 401(k) Savings Plan by accessing the enrollment portal through the company’s HR website or by contacting the HR department for assistance.
What are the contribution limits for the Owens Corning 401(k) Savings Plan?
The contribution limits for the Owens Corning 401(k) Savings Plan are set by the IRS and may change annually. Employees should check the latest IRS guidelines or consult the Owens Corning benefits team for current limits.
Does Owens Corning offer a company match for the 401(k) Savings Plan?
Yes, Owens Corning offers a company match for employee contributions to the 401(k) Savings Plan, which helps employees maximize their retirement savings.
When can I start contributing to the Owens Corning 401(k) Savings Plan?
Employees can start contributing to the Owens Corning 401(k) Savings Plan as soon as they are eligible, typically after completing a specified period of employment.
How often can I change my contributions to the Owens Corning 401(k) Savings Plan?
Employees can change their contribution amounts to the Owens Corning 401(k) Savings Plan at any time, subject to the plan's guidelines.
What investment options are available in the Owens Corning 401(k) Savings Plan?
The Owens Corning 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Can I take a loan from my Owens Corning 401(k) Savings Plan?
Yes, Owens Corning allows employees to take loans from their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan documents.
What happens to my Owens Corning 401(k) Savings Plan if I leave the company?
If you leave Owens Corning, you have several options for your 401(k) Savings Plan, including rolling it over to an IRA or a new employer's plan, cashing it out, or leaving it in the Owens Corning plan if eligible.
Is there a vesting schedule for the Owens Corning 401(k) Savings Plan?
Yes, Owens Corning has a vesting schedule for company match contributions, meaning employees must work for a certain period to fully own those contributions.