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

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Coterra Energy Employees: Discover the Key Questions to Ask for a Fulfilling Retirement Journey

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Healthcare Provider Update: Healthcare Provider for Coterra Energy Coterra Energy employees and retirees utilize the healthcare services offered through a variety of providers, primarily those associated with the Affordable Care Act (ACA) marketplace plans. These can include major insurers like UnitedHealthcare, Anthem (Elevance Health), and others depending on the specific plan selections available to them. It is advisable for employees to review their individual options based on their needs and potential costs. Potential Healthcare Cost Increases in 2026 In 2026, Coterra Energy employees may face substantial increases in healthcare costs, driven by impending changes in the Affordable Care Act (ACA). With state estimates pointing to premium hikes exceeding 60% in some regions, and a potential loss of federal premium subsidies, many employees could experience a drastic rise in out-of-pocket expenses-averaging an alarming 75%. This scenario is compounded by escalating medical costs across the board, placing additional financial strain on Coterra employees and retirees as they navigate their healthcare options. It is critical for individuals to proactively plan for these changes to avoid detrimental impacts on their financial stability. 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 Coterra Energy, 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 Coterra Energy 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 Coterra Energy, 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 Coterra Energy’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 Coterra Energy, 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 Coterra Energy's 401(k) Savings Plan?

The primary purpose of Coterra Energy's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their salary.

How can employees of Coterra Energy enroll in the 401(k) Savings Plan?

Employees of Coterra Energy can enroll in the 401(k) Savings Plan by completing the online enrollment process through the company’s benefits portal or by contacting the HR department for assistance.

What types of contributions can employees make to Coterra Energy's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and possibly catch-up contributions if they are age 50 or older to Coterra Energy's 401(k) Savings Plan.

Does Coterra Energy offer a company match for 401(k) contributions?

Yes, Coterra Energy offers a company match for employee contributions to the 401(k) Savings Plan, which enhances the overall retirement savings for employees.

What is the vesting schedule for Coterra Energy's company match in the 401(k) Savings Plan?

The vesting schedule for Coterra Energy's company match typically follows a graded vesting schedule, where employees become fully vested after a certain number of years of service.

Can employees of Coterra Energy change their contribution amounts to the 401(k) Savings Plan?

Yes, employees can change their contribution amounts to Coterra Energy's 401(k) Savings Plan at any time, subject to plan rules.

What investment options are available within Coterra Energy's 401(k) Savings Plan?

Coterra Energy's 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.

Is there a loan option available through Coterra Energy's 401(k) Savings Plan?

Yes, Coterra Energy allows employees to take loans against their 401(k) Savings Plan balance, subject to specific terms and conditions outlined in the plan.

How can employees access their account information for Coterra Energy's 401(k) Savings Plan?

Employees can access their account information for Coterra Energy's 401(k) Savings Plan through the plan's online portal or by contacting the plan administrator.

What happens to the 401(k) Savings Plan if an employee leaves Coterra Energy?

If an employee leaves Coterra Energy, they have several options regarding their 401(k) Savings Plan balance, including rolling it over to another retirement account, cashing it out, or leaving it in the plan if permitted.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Pension Plan: Coterra Energy's pension plan is designed to provide financial security for its employees upon retirement. The specific name of the pension plan is the Coterra Energy Defined Benefit Plan. This plan uses a formula based on years of service and average final pay to determine the pension amount. Employees become eligible for the pension plan after completing five years of service and reaching the age of 55. The pension formula typically considers the highest consecutive three years of earnings within the last ten years of service. This information can be found in the 2023 Annual Report on page 45​ (Coterra Energy)​ (CoTerra Energy). 401(k) Plan: The 401(k) plan at Coterra Energy, referred to as the Coterra Energy 401(k) Savings Plan, includes a company match and an employer retirement contribution. Employees can contribute a portion of their salary on a pre-tax or post-tax (Roth) basis, with the company matching up to 6% of the employee's contributions. All full-time employees are eligible to participate in the 401(k) plan from the first day of employment. Detailed information about the 401(k) plan and its benefits can be found on page 22 of the Coterra Energy Employee Benefits Guide
Restructuring Layoffs: In May 2024, Coterra's subsidiary, GasSearch Drilling Services (GDS), laid off one-third of its workforce in Pennsylvania. This reduction affected 55 employees out of 170, which was part of the company's strategic cost-cutting measures amidst fluctuating market conditions. Benefit Changes: Coterra has maintained a consistent dividend payout, with a slight increase in 2024 to $0.21 per share, reflecting a 5% year-over-year growth. The company's total shareholder returns for 2023 amounted to $1.026 billion, combining dividends and share repurchases. Pension and 401(k) Changes: Coterra's financial reports from 2023 indicate a strong cash flow from operating activities, enabling continued contributions to employee retirement plans without major changes to existing pension or 401(k) structures. The company’s focus remains on sustaining financial health to support employee benefits despite industry challenges.
2022: Coterra Energy offered stock options and Restricted Stock Units (RSUs) to its employees as part of their compensation and retention strategy. The RSUs vested over a period of three to five years and were primarily aimed at senior executives and key personnel. Stock options were granted with a vesting schedule and an exercise price equal to the market value of the stock on the grant date​ (CoTerra Energy). 2023: In 2023, Coterra Energy continued to offer RSUs and stock options, emphasizing long-term performance and shareholder value. The RSUs and stock options remained an integral part of the company’s incentive plans to retain top talent and align their interests with those of shareholders. The vesting schedules and performance criteria were designed to reward sustained performance and commitment​ (CoTerra Energy). 2024: For 2024, Coterra Energy enhanced its equity compensation plans by introducing performance-based RSUs, which vested based on the achievement of specific operational and financial targets. Stock options granted in 2024 included similar vesting schedules and exercise prices set at the market value on the grant date. These plans were available to senior executives and other key employees, aiming to drive long-term growth and sustainability​ (CoTerra Energy).
Health Benefits Information for Coterra Energy (2022-2024) Overview: Coterra Energy offers a comprehensive benefits package designed to support the health and well-being of its employees. The package includes medical, dental, and vision insurance, as well as a range of additional benefits aimed at providing financial security and work-life balance. Health Benefits: Coterra provides a consumer-directed health plan (CDHP) which includes excellent coverage for preventive care, comprehensive medical services, and prescription drugs. The plan is complemented by a Health Savings Account (HSA), to which Coterra makes a generous employer contribution. This account allows employees to save pre-tax dollars for healthcare expenses.
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For more information you can reach the plan administrator for Coterra Energy at 801 Travis St. Houston, TX 77002; or by calling them at 713-651-1144.

https://www.coterra.com/contact-us/ https://investors.coterra.com/Investors/resources/investor-contacts/default.aspx https://investors.coterra.com/Investors/news/news-details/2024/Coterra-Energy-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Provides-2024-Outlook-and-Announces-Dividend-Increase/ https://last10k.com/sec-filings/ctra/0000858470-24-000019.htm https://investors.coterra.com/Investors/news/news-details/2024/Coterra-Energy-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Provides-2024-Outlook-and-Announces-Dividend-Increase/default.aspx https://www.sec.gov/Archives/edgar/data/858470/000130817923000263/lctra2023_def14a.htm https://marcellusdrilling.com/2024/05/coterras-gds-subsidiary-lays-off-one-third-of-pa-workforce/ https://www.marketscreener.com/quote/stock/COTERRA-ENERGY-INC-12146/news/Coterra-Energy-to-close-GDS-facility-in-Marcellus-Business-Unit-46878518/ https://stockanalysis.com/stocks/ctra/employees/ https://investors.coterra.com/Investors/news/news-details/2021/Cabot-Oil--Gas-and-Cimarex-Energy-Complete-Combination-Forming-Coterra-Energy/default.aspx https://investors.coterra.com/Investors/financials/annual-reports/default.aspx https://www.marketscreener.com/quote/stock/COTERRA-ENERGY-INC-12146/news/Coterra-Energy-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Provides-2024-Outlook-and-Announc-46012254/ https://benefits.coterra.com/-/media/Mercer/Coterra/Documents/2023-Coterra_RateSheet_FINAL-092322.pdf?rev=6f3987adafb04ddd834541cb3d06082a&hash=0B612FBDB26822F905B67D67CBC1AA95 https://benefits.coterra.com/-/media/Mercer/Coterra/Documents/2024_Coterra_Benefits_Glance.pdf?rev=ddc423802e254a6295e645ed422580db&hash=49B40EE84B1A3BE513B01F8B8AA83DA9 https://benefits.coterra.com/-/media/Mercer/Coterra/Documents/2024_Coterra_Benefits_Glance.pdf?rev=ddc423802e254a6295e645ed422580db&hash=49B40EE84B1A3BE513B01F8B8AA83DA9 https://www.coterra.com/careers/employee-benefits/ https://investors.coterra.com/Investors/news/news-details/2024/Coterra-Energy-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Provides-2024-Outlook-and-Announces-Dividend-Increase/default.aspx https://investors.coterra.com/ https://investors.coterra.com/Investors/news/news-details/2024/Coterra-Energy-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Provides-2024-Outlook-and-Announces-Dividend-Increase/default.aspx

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