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

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ABM Industries Employees: Discover the Key Questions to Ask for a Fulfilling Retirement Journey

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Healthcare Provider Update: Healthcare Provider for ABM Industries ABM Industries primarily partners with various insurance providers to offer healthcare benefits to its employees. While specific contracts may vary, commonly engaged healthcare insurers for employee benefits may include Blue Cross Blue Shield (BCBS), Aetna, and UnitedHealthcare, among others. Potential Healthcare Cost Increases in 2026 As healthcare costs continue to rise, employees of ABM Industries should be prepared for significant increases in out-of-pocket premiums in 2026. With the potential expiration of enhanced federal subsidies under the Affordable Care Act (ACA), many employees may face premium hikes exceeding 75%. The perfect storm of escalating medical costs, driven by high drug prices and labor expenses, is compounded by insurer rate increases, with reports indicating some states may see hikes surpassing 60%. Given these factors, careful planning is essential for employees to navigate their healthcare options effectively amidst such financial pressures. Click here to learn more

Eight years ago, in my mid-40s, I attended a dinner party where I witnessed an older man, slightly tipsy from his gin, pose a question to a young girl: “What do you want to be when you grow up?” Her response was a gleefully rattled off list: veterinarian, painter, computer programmer. I listened, intrigued, which soon turned into a near-panic realization. She had time to be all those things. However, no one was asking me what I wanted to be at a mature age. More critically, I wasn’t asking myself that question. At ABM Industries, midlife is often not just a reflection but a redirection, sparking new career phases and personal growth.

Midlife is often seen as a 'crisis' time, marked by a U-shaped happiness curve with a dip in middle years. A significant reason for this is a tendency to fall into a vicious circle of complacency, where we lean heavily on our existing skills. We are reassured by our competence yet constrained by our perceived limitations, distributing our time accordingly. This inertia can pose health risks if it leads to prolonged burnout. Conversely, pondering 'What do I want to be?' can foster positive age perceptions and a strong will to live, something ABM Industries professionals understand well, encouraging ongoing learning and adaptation.

This dinner party encounter propelled me into an unexpected six-year journey to become a competitive athlete, something I would never have envisioned. As a skinny, gangly child born a year before Title IX was amended, I always had an instinctive craving for what sports could offer me. Usually picked last for teams and warming the bench, I leaned into what I was praised for—stringing words together—and followed this feedback into a journalism career. I found myself tethered to my keyboard, leading a sedentary life of sitting and screen watching. Meanwhile, athletics took a backseat. Indeed, no one burst with joy when I fumbled on the seventh-grade basketball court, a reminder that we value resilience and the courage to try new roles, regardless of past experiences.

I was advised that by embracing something you enjoyed as a child and were naturally good at, it could become your superpower. Whether true or not, I’d be thrilled to gain an additional 7.5 years of life. This figure comes from Becca Levy, a Yale epidemiology professor who led a pioneering study linking age perception with mortality data. She concluded that individuals with a more positive view of aging lived an average of 7.5 years longer. Central to these positive perceptions was maintaining a 'will to live,' encompassing activities that excite and motivate us—much like the ongoing development opportunities at ABM Industries, where employees are encouraged to engage in activities that fuel their passion and vitality.

After discussing with Levy and reviewing multiple studies from health, cognition, and longevity experts for my book 'Not Too Late: The Power of Pushing Limits at Any Age,' one conclusion was clear: avoiding the skill trap as we age is vital for preserving our sharpness and agility. Chronic exhaustion—like that which comes from tackling tough situations—has been linked to anxiety, depression, and an increased risk of making mistakes. By embracing new or uncomfortable experiences, we stop forcing our brain to operate on autopilot and make challenging choices. For example, always taking the same route, eating at the same restaurants, talking to the same people, or performing the same job in the same way. Routines have their place, but not when they put your life on autopilot, a philosophy well-aligned with ABM Industries’s emphasis on innovation and dynamic career paths.

The Seattle Longitudinal Study, a significant research project running from 1956 to 2012, investigated cognitive development and change through adulthood. Over 6,000 adults, aged 22 to 100, participated, undergoing exercises to assess their cognitive skills. K. Warner Schaie, the lead author, wrote: 'When one stops making decisions, it won't be long before it's hard to make decisions at all. The belief that one can do no more becomes a self-fulfilling prophecy.' At ABM Industries, we challenge this notion by fostering an environment where lifelong learning and decision-making are key components of our culture.

Still disoriented the morning after the dinner party, a simple Google search on 'the most challenging activities to do' led me to obstacle course racing (OCR), a demanding sport that combines running with obstacles such as carrying heavy sandbags and navigating ropes and monkey bars. An OCR variant will be featured in the 2028 Olympic Games as part of the modern pentathlon.

OCR was my answer to the old man’s question. Although I was certainly older, 'athlete' was still something I longed to be. Thus, for the past six years, I have trained nearly every day, despite my other responsibilities and professional obligations, to become what I always wished to be as a little girl but never imagined possible. As a competitive athlete, I've participated in over 50 races, won numerous medals in my age group, and competed in two world championships of the Spartan Race.

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When I was younger, there wasn't much to tell me that I could ever develop these skills. However, by tapping into the qualities, experience, and wisdom I now possess as an adult, I finally achieved this. Your ambition might differ, but you can also realize it. The path forward requires a reorganization of time and priorities. Three strategies to consider when embarking on your own quest to escape the skill prison:

  1. Do not impose entry barriers.
  2. Try something you truly enjoy, regardless of whether you think you are skilled at it.
  3. Be willing to appear foolish.

According to research, retirees who regularly ask themselves reflective questions about their life satisfaction tend to experience greater joy. A Harvard University study found that questions like 'What activities bring me joy?' and 'How can I continue to grow and learn?' are crucial for maintaining a fulfilling retirement. Regular self-assessment helps retirees align their activities with their values, enhancing overall well-being.

Explore how embracing new challenges can enhance your retirement years. This article examines how to push boundaries, avoid chronic monotony, and extend your life with expert advice and real-life examples. Keywords: retirement, active aging, mental well-being, overcoming ennui, longevity, new challenges, maintaining activity, positive age perceptions, health benefits, retirement activities.

What is the primary purpose of the 401(k) plan at ABM Industries?

The primary purpose of the 401(k) plan at ABM Industries is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.

Does ABM Industries offer a matching contribution for its 401(k) plan?

Yes, ABM Industries offers a matching contribution to encourage employees to save for retirement, which can significantly enhance their retirement savings.

What are the eligibility requirements for participating in ABM Industries' 401(k) plan?

Employees of ABM Industries are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually 30 days.

How can employees at ABM Industries enroll in the 401(k) plan?

Employees at ABM Industries can enroll in the 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 ABM Industries' 401(k) plan?

ABM Industries' 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and possibly company stock, allowing employees to choose based on their risk tolerance.

Can employees change their contribution percentage to the 401(k) plan at ABM Industries?

Yes, employees at ABM Industries can change their contribution percentage at any time, subject to the plan's guidelines.

Is there a vesting schedule for ABM Industries' matching contributions?

Yes, ABM Industries has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period before they fully own the employer's contributions.

What happens to the 401(k) plan if an employee leaves ABM Industries?

If an employee leaves ABM Industries, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the money in the ABM Industries plan if allowed.

Are there loans available against the 401(k) balance at ABM Industries?

Yes, ABM Industries may allow employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

How often can employees at ABM Industries make changes to their investment allocations in the 401(k) plan?

Employees at ABM Industries can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
ABM Industries is laying off 176 janitorial workers in San Antonio due to the end of a contract with Flowers Baking Co.
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For more information you can reach the plan administrator for ABM Industries at 551 Fifth Avenue, Suite 300 New York, NY 10176; or by calling them at (212) 297-0200.

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