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Unlocking Retirement Planning: The Top 3 Retirement Calculators for Catalent Employees and Retirees

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Healthcare Provider Update: Healthcare Provider for Catalent Catalent, a prominent player in the biopharmaceutical industry, collaborates with various healthcare providers to optimize its services. One of the notable healthcare partners for Catalent is UnitedHealthcare, which often works with organizations like Catalent to ensure streamlined processes in drug delivery and related healthcare services. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are expected to rise significantly, primarily driven by looming federal policies and medical inflation. Reports indicate that Affordable Care Act (ACA) premiums may surge due to the potential expiration of enhanced premium subsidies, causing many policyholders to face out-of-pocket increases of over 75%. Insurers are already proposing steep rate hikes, with some states expected to see increases as high as 66%. This combination of factors, including rising healthcare service costs and more aggressive premium strategies from insurers, is set to intensify financial pressures on consumers in the coming year. Click here to learn more

Organizing for retirement has never been more difficult for Catalent employees. Given the current state of the economy and the uncertain times ahead, it may appear that having a finance degree is necessary to succeed. However, ironically, because of the development of sophisticated tools like retirement calculators that streamline the planning process, it has also never been easier.

A cursory web search yields a wealth of retirement calculators available for Catalent employees. But number and quality are not the same. Choosing the appropriate instrument for a certain circumstance is essential. Each of the following calculators offers specific features to meet the demands of the user in addition to providing crucial information for wise retirement planning decisions.

1.  Retirement Planning with Wealth Enhancement Group

Four effective options are provided by Wealth Enhancement Group:

  • - Retirement Readiness Calculator
  • - 401(k) Calculator
  • - Compound Interest Calculator
  • - Monthly Expense Calculator

 

These options make the Wealth Enhancement Group calculators an ideal option for Catalent employees. The application provides individualized advice for improving retirement plans. The first step for users is to register and fill out some basic information. After that, the tool offers personalized analysis of your financial situation. A meeting with a retirement advisor is also available with Wealth Enhancement Group. 

Advantages:

- Incredibly thorough and customized.

  • - Simple to use.
  • - Makes recommendations for enhancing retirement planning.
  •  
    • 2.  Retirement Calculator from AARP

The calculator provided by AARP is easy to use and covers all the necessary ground without being unduly complicated. Users can test several scenarios on the interactive results page, which is particularly useful for Catalent employees.

Advantages:

  • - Straightforward and simple to comprehend.
  • - A scenario testing results page that is interactive.
  •  

3. Retirement Planner by MarketWatch

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A variety of calculators, each concentrating on a different facet of retirement planning, are available from MarketWatch. This division has advantages and disadvantages for Catalent employees.

Advantages:

  • - Different calculators for distinct purposes.
  • - Simple to see results and modify inputs
  •  

In Summary

Although retirement planning can seem overwhelming, it can be simple and doable with the right resources for Catalent employees. The retirement calculators shown here are intended to make planning easier by providing insights that can be put into practice.

For those looking for thorough and customized retirement plans, the calculators above serve as great options because they are  is both personalized and detailed. Every calculator has advantages and disadvantages based on the demands and preferences of the user. By making use of these resources, Catalent employees can take charge of their retirement planning and acquire confidence during their golden years.

Aside from the specific features and advantages of any calculator, it's important to remember that retirees who consistently use thorough planning tools have much higher levels of financial confidence. According to a recent Vanguard survey, Catalent employees who use thorough planning tools had a 40% higher likelihood of feeling confident about their retirement plans. This demonstrates how important precise and thorough retirement calculators are to improving financial preparedness and comfort.

Having the greatest tools available to be informed and prepared can make a big impact as the financial landscape continues to change. Using sophisticated retirement calculators not only helps with careful planning but also gives Catalent employees the ability to face their retirement years with clarity and confidence.

67% of retirees who utilize detailed retirement calculators indicated increased satisfaction with their retirement savings and income planning compared to those who did not use such tools, according to a recent Employee Benefit Research Institute (EBRI) study. This emphasizes how important it is for Catalent employees to use sophisticated retirement calculators like Wealth Enhancement Group and AARP, which provide individualized planning options and in-depth insights, guaranteeing a more certain and organized retirement plan.

Retirement planning is similar to crossing a wide ocean. It's like having a fleet of quality navigational equipment at your disposal when you use the top ten retirement calculators. Every one of them, from AARP to Wealth Enhancement Group, serves as a quality compass, assisting you in precisely navigating the financial waters. Similar to how a trustworthy compass helps sailors navigate erratic waters, these calculators offer precise, detailed, and customized information to help Catalent employees navigate their retirement planning toward a safe and wealthy future.

What is the Catalent 401(k) Savings Plan?

The Catalent 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or Roth after-tax basis.

How can I enroll in the Catalent 401(k) Savings Plan?

Employees can enroll in the Catalent 401(k) Savings Plan by accessing the benefits portal or contacting Human Resources for guidance on the enrollment process.

What are the eligibility requirements for the Catalent 401(k) Savings Plan?

To be eligible for the Catalent 401(k) Savings Plan, employees typically need to be at least 21 years old and have completed a specified period of service with the company.

Does Catalent offer a company match for the 401(k) Savings Plan?

Yes, Catalent offers a company match for contributions made to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

How much can I contribute to the Catalent 401(k) Savings Plan?

Employees can contribute up to the IRS annual limit to the Catalent 401(k) Savings Plan, which may vary each year. It’s important to check the current limits.

When can I start making contributions to the Catalent 401(k) Savings Plan?

Employees can start making contributions to the Catalent 401(k) Savings Plan after they complete the eligibility requirements and enroll in the plan.

Can I change my contribution amount in the Catalent 401(k) Savings Plan?

Yes, employees can change their contribution amount at any time during the year by accessing the benefits portal or contacting Human Resources.

What investment options are available in the Catalent 401(k) Savings Plan?

The Catalent 401(k) Savings Plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance and retirement goals.

How often can I change my investment allocations in the Catalent 401(k) Savings Plan?

Employees can change their investment allocations in the Catalent 401(k) Savings Plan at any time, subject to the plan's trading restrictions.

What happens to my Catalent 401(k) Savings Plan if I leave the company?

If you leave Catalent, you have several options for your 401(k) Savings Plan, including rolling it over to another qualified plan, cashing it out, or leaving it in the Catalent 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.
Catalent's Pension Plan: Catalent offers a comprehensive retirement benefits package designed to support its employees' financial wellness. The primary pension plan provided by Catalent is known as the "Catalent Pension Plan." This plan includes a defined benefit formula based on an employee’s years of service and final average pay. Typically, to qualify for the pension plan, employees must have a minimum of five years of service and be at least 55 years of age. The specific pension formula details and eligibility criteria are laid out in the employee benefits documentation provided internally by Catalent​ (Catalent)​ (Catalent Investor Relations)​ (FiercePharma). Catalent's 401(k) Plan: Catalent also offers a 401(k) plan to its employees, which is referred to as the "Catalent 401(k) Savings Plan." Employees are eligible to participate in the 401(k) plan from their first day of employment. The company provides a generous matching contribution, where Catalent matches 50% of the first 6% of the employee's contributions. This plan is designed to help employees save for retirement with the added benefit of tax deferral on contributions and earnings​
Catalent has been undergoing significant restructuring since 2023, including multiple rounds of layoffs affecting various facilities. In late 2023, the company laid off approximately 300 employees as part of a cost-cutting initiative aimed at consolidating its facilities. This was followed by further layoffs in early 2024, including the reduction of 130 staff members at its Bloomington, Indiana site, which is being sold to Novo Nordisk as part of a broader $16.5 billion acquisition deal expected to close by the end of 2024. The restructuring is driven by reduced demand for COVID-19-related services and a need to increase efficiency and reduce costs across its operations. Importance: Addressing this news is crucial due to the current economic environment, where companies are navigating the aftermath of the pandemic, fluctuating demand, and economic pressures. These changes also reflect broader trends in the biopharma industry, where consolidation and cost-cutting measures are common as companies adjust to new market realities​
Stock Options: Catalent offers stock options to its employees as part of its long-term incentive plan. These options are designed to align the interests of employees with those of shareholders. Employees receive the right to purchase company stock at a predetermined price, known as the exercise price, after a specified vesting period. Restricted Stock Units (RSUs): Catalent also provides RSUs to its employees, which represent a promise to deliver shares of the company's stock in the future. RSUs typically vest over a period of time, encouraging employees to remain with the company. Once vested, the RSUs are converted into shares, which the employee can then sell or hold.
Catalent offers a comprehensive suite of health benefits to its employees, designed to meet diverse needs and foster a healthy lifestyle. Their health insurance plans cover a wide range of medical services, emphasizing both personal and financial wellness. Employees have access to wellness programs, which aim to manage healthcare costs and encourage a healthy lifestyle. These programs include health insurance, wellness incentives, and various support resources to balance work and personal life, such as generous paid time off and flexible work arrangements. In 2022, 2023, and 2024, Catalent continued to enhance its benefits offerings, aligning them with industry standards and employee needs. Recent updates include tuition reimbursement, global scholarship programs for employees' children, and comprehensive retirement plans. The company has also been recognized for its commitment to diversity and inclusion, receiving accolades as a “Best Place to Work for People with Disabilities” for consecutive years. Specific healthcare-related terms and acronyms frequently used by Catalent include "OptiDose® Design Solution," "RP Scherer Softgel Technology," and "OneXpress™ Solution," which refer to their proprietary technologies and approaches in pharmaceutical development and manufacturing. Recent employee healthcare news highlights Catalent's ongoing efforts to support employee well-being. For instance, their 2023 Corporate Responsibility Report details initiatives in employee health and wellness, such as investments in diverse and inclusive workplace practices and contributions to STEM education
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For more information you can reach the plan administrator for Catalent at 14 Schoolhouse Road Somerset, NJ 8873; or by calling them at +1 908-809-1300.

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