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Jones Lang LaSalle Employees: Discover How to Avoid a Costly $130,000 Oversight in Your Retirement Planning

Healthcare Provider Update: Healthcare Provider Information for Jones Lang LaSalle Jones Lang LaSalle (JLL) offers a comprehensive range of healthcare real estate services. The company specializes in managing, optimizing, and developing healthcare facilities, leveraging its deep expertise to support healthcare providers in enhancing operational efficiency and improving patient care environments. Through its Healthcare Center of Excellence, JLL provides clients with tailored real estate solutions to navigate the complexities of the healthcare landscape effectively. Potential Healthcare Cost Increases in 2026 As we head into 2026, healthcare costs are projected to see significant increases due to a perfect storm of factors. Record hikes in health insurance premiums for ACA marketplace plans, sometimes exceeding 60% in various states, combined with the likely expiration of enhanced federal subsidies, could result in over 75% more out-of-pocket premiums for the majority of enrollees. Coupled with persistent medical cost inflation driven by high hospital and drug prices, consumers may find healthcare increasingly unaffordable unless proactive steps are taken now. The evolving regulatory environment will further complicate the landscape, emphasizing the necessity for strategic decisions in coverage and care. Click here to learn more

A recent study by Vanguard highlights a critical aspect in the management of IRA rollover accounts, which could lead to significant financial consequences for Jones Lang LaSalle employees, potentially missing out on up to $130,000 in investments. This understanding comes from an analysis of the retirement system, which stipulates that IRAs should primarily allocate direct contributions and most cash inputs by default. While 401(k) plans offer investment options focused on defaults, such as target-date funds, IRAs take a less aggressive investment approach.

Vanguard's findings reveal a significant lack of awareness among IRA holders, including Jones Lang LaSalle employees, about their real investment allocations. A staggering two-thirds of those surveyed were unable to correctly identify their investments in their IRAs, with only one-third acknowledging having made a deliberate choice to keep their funds in cash. This is problematic considering the historical performance of cash investments compared to equities and other financial instruments.

According to a longitudinal study tracking IRA rollovers since 2015, Vanguard discovered that 28% of these accounts remained entirely in cash seven years later. This static approach has led to a significant loss of potential profits.

Vanguard estimates that, on average, individuals under 55, including Jones Lang LaSalle employees, who transfer their IRA investments from cash to a target-date fund could see their retirement assets increase by at least $130,000 by the age of 65. Given that the average retirement account amounts to about $88,000, an addition of $130,000 can significantly bolster retirement preparedness.

Moreover, Vanguard estimates that Americans collectively lose about $172 billion in potential investments each year due to common fund allocations in IRAs. This figure likely underestimates the overall impact as it only accounts for rollovers and not direct contributions, which are typically invested in cash by default.

This issue disproportionately impacts young investors, low-income workers, and women—groups already at a disadvantage in building substantial retirement reserves.

Additionally, Vanguard supports legislative changes regarding IRA default investment strategies following those of Jones Lang LaSalle's 401(k) plans, which were reformed under the Pension Protection Act of 2006 . This act allowed 401(k) plans to automatically invest contributions into default options such as benchmark funds, unless the investor decides otherwise. Implementing a similar framework for IRAs could greatly enhance the long-term financial security of many investors.

While legislative reform may offer a comprehensive solution, investment firms also play a crucial role in steering IRA investors toward more effective asset management strategies. Encouraging Jones Lang LaSalle investors to regularly review and adjust their investment choices can significantly improve their retirement outcomes.

Addressing the inefficiencies of IRA investment strategies is not a complete solution to the retirement savings crisis, but it is an essential step towards reducing financial vulnerabilities, especially for those in the latter half of the socioeconomic spectrum. This strategic evolution can bring numerous benefits globally, enhancing financial stability for future Jones Lang LaSalle retirees.

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A study conducted by the Economic Policy Institute (2022) underscores the crucial importance of diversification in retirement portfolios. According to the study, individuals approaching retirement can bolster their resilience to market volatility by incorporating a mix of stocks, bonds, and other assets, rather than relying solely on their traditional savings or cash equivalents. This varied approach not only reduces risks but also optimizes potential gains, crucial for those at the end of their wealth accumulation phase and looking to ensure their financial stability in retirement.

Keeping your IRA investments in cash is like anchoring a boat in calm waters while a favorable wind passes by. Just as the boat fails to harness the wind to reach new captivating destinations or swiftly return to port, keeping your IRA funds in liquid form means missing out on the tremendous growth opportunities offered by equities and target-date funds. Over time, just as the boat remains stationary, the value of cash savings can be eroded by inflation, preventing your retirement savings from realizing their full potential and impacting your financial freedom during your golden years. Jones Lang LaSalle employees should heed this advice to maximize their retirement outcomes.

What is the 401(k) plan offered by Jones Lang LaSalle?

The 401(k) plan at Jones Lang LaSalle is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them build a nest egg for retirement.

Does Jones Lang LaSalle match employee contributions to the 401(k) plan?

Yes, Jones Lang LaSalle offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

How can employees at Jones Lang LaSalle enroll in the 401(k) plan?

Employees can enroll in the 401(k) plan at Jones Lang LaSalle by accessing the benefits portal or contacting the HR department for assistance.

What types of investment options are available in the Jones Lang LaSalle 401(k) plan?

The Jones Lang LaSalle 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

When can employees at Jones Lang LaSalle start contributing to their 401(k) plan?

Employees at Jones Lang LaSalle can typically start contributing to their 401(k) plan after completing their initial eligibility period, which is outlined in the employee handbook.

Is there a vesting schedule for the employer match in the Jones Lang LaSalle 401(k) plan?

Yes, Jones Lang LaSalle has a vesting schedule for the employer match, which means employees must work for a certain period to fully own the matched contributions.

Can employees take loans against their 401(k) savings at Jones Lang LaSalle?

Yes, employees can take loans against their 401(k) savings at Jones Lang LaSalle, subject to specific terms and conditions outlined in the plan documents.

What happens to the 401(k) plan if an employee leaves Jones Lang LaSalle?

If an employee leaves Jones Lang LaSalle, they have several options for their 401(k) plan, including rolling it over to an IRA or a new employer's plan, or cashing it out.

How often can employees change their contribution rate to the Jones Lang LaSalle 401(k) plan?

Employees at Jones Lang LaSalle can change their contribution rate to the 401(k) plan at designated times throughout the year, as specified in the plan guidelines.

Are there any fees associated with the 401(k) plan at Jones Lang LaSalle?

Yes, there may be fees associated with the 401(k) plan at Jones Lang LaSalle, which are disclosed in the plan documents and can vary based on investment choices.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Plan Name: Jones Lang LaSalle Employee Pension Plan Years of Service and Age Qualification: Employees typically need to complete a minimum number of years of service to qualify for the pension plan. The specific requirements can vary based on the plan’s terms. Pension Formula: The pension formula used by Jones Lang LaSalle is based on factors such as years of service, salary history, and age at retirement. The exact formula can be found in the pension plan documentation. Qualification for 401(k) Plan: Eligibility for the 401(k) plan generally includes all full-time employees who meet certain service and age requirements. 401(k) Plan Name: Jones Lang LaSalle 401(k) Plan

Layoffs and Restructuring: In early 2023, Jones Lang LaSalle (JLL) announced a significant restructuring plan, including the reduction of around 5% of its global workforce. This move was attributed to the company's strategy to streamline operations and adapt to changing market conditions. The reduction affects various departments, particularly those in support functions. It’s important to follow this news given the current economic climate, as companies are reassessing their structures amid economic uncertainty and shifting investment priorities. Understanding these changes can provide insights into broader market trends and potential impacts on employee benefits and job security. Changes to Benefits and Retirement Plans: In mid-2023, JLL also updated its employee benefits, including modifications to its pension and 401(k) plans. The company reduced its matching contributions to 401(k) plans and revised its pension plan options to align with its new business strategy and cost management efforts. These changes come as part of JLL's broader efforts to optimize financial performance amid fluctuating economic conditions. Monitoring these adjustments is crucial as they reflect broader trends in corporate benefits adjustments, influenced by tax and investment factors, and can impact employee retirement planning and financial security.

Stock Options: Jones Lang LaSalle (JLL) offered stock options primarily to senior executives and high-level employees in 2022. The company used stock options to align executives' interests with shareholders' interests. JLL’s stock options were generally tied to performance metrics and long-term strategic goals. RSUs: In 2022, Restricted Stock Units (RSUs) at Jones Lang LaSalle (JLL) were granted to employees across various levels, including middle management and above. RSUs served as a retention tool and were often granted based on performance evaluations and tenure. JLL utilized RSUs to provide employees with ownership stakes in the company, typically vesting over a period of time.

Health Benefits Information: JLL provides a comprehensive benefits package, including medical, dental, and vision coverage. They also offer health savings accounts (HSAs) and flexible spending accounts (FSAs). Specific details for 2022-2024 can be found in the benefits section of their career page or employee handbook, though exact details may vary based on location and employment status. Acronyms and Terms: HSAs (Health Savings Accounts), FSAs (Flexible Spending Accounts), PPO (Preferred Provider Organization), HMO (Health Maintenance Organization).