Healthcare Provider Update: Healthcare Provider for Waste Management Waste Management, Inc., a leading provider of waste collection, disposal, and recycling services in North America, partners with Cigna Healthcare to provide healthcare benefits to its employees. Cigna offers a range of health insurance plans, including medical, dental, and vision coverage, tailored to meet the needs of Waste Management's diverse workforce. Healthcare Cost Increases in 2026 As we approach 2026, Waste Management and its employees may face significant healthcare cost increases due to substantial projected hikes in health insurance premiums. The Affordable Care Act (ACA) marketplace is anticipating an average increase of over 20%, with certain states seeing hikes surpassing 60% as a result of rising medical costs and the potential expiration of enhanced federal premium subsidies. This combination of factors could lead to out-of-pocket premium costs soaring by more than 75% for many employees, placing additional financial strain on both the company and its workforce during the upcoming year. Click here to learn more
The first few years of retirement are frequently a time of transitions for many, including those leaving Waste Management. 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 Waste Management 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 Waste Management. 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 Waste Management?
The 401(k) plan at Waste Management is a retirement savings plan that allows employees to save a portion of their earnings on a tax-deferred basis.
How can I enroll in Waste Management's 401(k) plan?
Employees can enroll in Waste Management's 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does Waste Management provide a company match for the 401(k) contributions?
Yes, Waste Management offers a company match for employee contributions to the 401(k) plan, which helps employees save more for retirement.
What is the maximum contribution limit for Waste Management's 401(k) plan?
The maximum contribution limit for Waste Management's 401(k) plan is in line with IRS regulations, which may change annually. Employees should refer to the latest IRS guidelines for current limits.
Can I change my contribution percentage to Waste Management's 401(k) plan?
Yes, employees can change their contribution percentage to Waste Management's 401(k) plan at any time by accessing their account through the HR portal.
When can I start withdrawing funds from my Waste Management 401(k) plan?
Employees can typically start withdrawing funds from their Waste Management 401(k) plan at age 59½, but specific conditions may apply.
What investment options are available in Waste Management's 401(k) plan?
Waste Management's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Is there a vesting schedule for Waste Management's 401(k) company match?
Yes, Waste Management has a vesting schedule for the company match, which means employees must work for a certain period before they fully own the matched contributions.
How can I access my Waste Management 401(k) account?
Employees can access their Waste Management 401(k) account online through the designated retirement plan website or mobile app.
What happens to my Waste Management 401(k) if I leave the company?
If you leave Waste Management, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Waste Management plan if permitted.