<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

Top Retirement Destinations for Dycom Industries Employees: Discover Where You Can Thrive in Your Golden Years

image-table

Healthcare Provider Update: Healthcare Provider for Dycom Industries Dycom Industries primarily provides healthcare coverage to its employees through major insurers; however, specific details about their contracted healthcare provider are typically not publicly disclosed. Generally, companies like Dycom partner with large insurance carriers or health plans that offer a mix of medical, dental, and wellness programs tailored for their workforce. Potential Healthcare Cost Increases for Dycom Industries in 2026 As healthcare costs continue to surge, Dycom Industries is likely to encounter substantial increases in healthcare expenditures in 2026. With predictions indicating that ACA premiums may spike by over 60% in certain states, the company's medical benefit costs could rise sharply, influencing overall financial performance. The potential expiration of enhanced federal premium subsidies, coupled with ongoing inflation in medical services, suggests that many employees could see their out-of-pocket expenses swell by as much as 75%. In this climate, it's crucial for Dycom to evaluate strategic measures to mitigate these rising healthcare costs and navigate the financial impacts on their workforce. Click here to learn more

In a recent survey by  Bankrate , Delaware has been identified as the premier state for retirement, ranking first in the company's annual survey, which assesses key elements influencing retirees' decisions. This year, Delaware rose from second place, surpassing Iowa, which now finds itself at ninth due to increased living expenses, property taxes, and homeowner insurance costs.

The Bankrate evaluation involved a comprehensive analysis of several data points across all states, excluding the District of Columbia. The rankings were based on five major categories: affordability (40% of the total score), overall well-being (25%), healthcare costs and quality (20%), weather (10%), and crime rate (5%). Dycom Industries employees will find these factors essential when considering where to enjoy their retirement.

Often overlooked as a retirement destination, Delaware boasts numerous benefits that have solidified its status among retirees. It offers superior healthcare services, a favorable tax environment with no state or municipal tax, and an exemption from Social Security benefit taxes, enhancing its affordability. Despite higher-than-average living expenses, these financial perks make Delaware an attractive option for those seeking a stable post-career life.

The demographic profile of the country is notable for its high proportion of residents aged 62 and older, which enriches its collective diversity. However, Delaware does have areas of concern, including crime rates and the cost of living, which have not been as favorable. For Dycom Industries retirees, understanding these dynamics is crucial to making an informed decision.

Alongside Delaware were West Virginia, Georgia, South Carolina, and Missouri, all renowned for their great affordability. In particular, West Virginia's low living and real estate expenses, coupled with affordable home insurance, secured its second-place position, even though it achieved better health quality. Georgia advanced from fifth to third place last year due to lower living expenses and home insurance rates, despite continuing issues with healthcare and crime. South Carolina, ranked fourth since the nineteenth century, is valued for its affordability and climate, despite crime-related challenges.

In contrast, the states deemed least favorable for retirement included Alaska, New York, Washington, California, and North Dakota. Alaska remained the least favored due to its poor accessibility and adverse weather conditions. High living costs are a common challenge across the Northeast and West, affecting retirees' financial stability and their ability to maintain their savings. Dycom Industries employees should consider these factors when planning their retirement locations.

Featured Video

Articles you may find interesting:

Loading...

Bankrate's study underscores the importance of feasibility in retirement planning, especially as many Americans feel financially unprepared for their retirement years. Relocating to a state that offers financial benefits can be a strategic decision for those nearing retirement age, thus allowing them to maximize their savings and enhance their quality of life during their golden years. This approach is particularly significant for individuals who are behind on their retirement savings, as moving to a more affordable location can significantly extend the duration and comfort of their retirement funds.

An often overlooked aspect of retirement planning is the availability of senior-friendly recreational activities, which can significantly enhance quality of life. For example, South Carolina, ranked fourth among the best states for retirement, offers a wide range of senior-friendly recreational activities, including over 360 golf courses and numerous national parks. This infrastructure not only provides entertainment but also opportunities for physical activity and socialization, which are essential for maintaining health and well-being in later life. Dycom Industries retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the 401(k) plan offered by Dycom Industries?

The 401(k) plan offered by Dycom Industries is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.

How does Dycom Industries match employee contributions to the 401(k) plan?

Dycom Industries offers a company match on employee contributions, which helps to enhance the overall savings for retirement.

When can employees at Dycom Industries enroll in the 401(k) plan?

Employees at Dycom Industries can enroll in the 401(k) plan during the open enrollment period or when they first become eligible after their hire date.

What are the eligibility requirements for the 401(k) plan at Dycom Industries?

To be eligible for the 401(k) plan at Dycom Industries, employees must meet certain criteria, including age and length of service with the company.

Can employees at Dycom Industries take loans against their 401(k) savings?

Yes, employees at Dycom Industries may have the option to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What investment options are available in the Dycom Industries 401(k) plan?

The Dycom Industries 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

How can employees at Dycom Industries change their contribution percentage to the 401(k) plan?

Employees at Dycom Industries can change their contribution percentage by submitting a request through the company’s HR portal or contacting the HR department.

Does Dycom Industries provide financial education or resources for employees regarding the 401(k) plan?

Yes, Dycom Industries provides financial education resources and workshops to help employees understand their 401(k) options and make informed decisions.

What happens to the 401(k) savings if an employee leaves Dycom Industries?

If an employee leaves Dycom Industries, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out, subject to tax implications.

Is there a vesting schedule for the company match in the Dycom Industries 401(k) plan?

Yes, there is typically a vesting schedule for the company match in the Dycom Industries 401(k) plan, which determines when employees fully own the matched contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Dycom Industries Inc., a prominent specialty contractor in the telecom, utility, and infrastructure sectors, offers its employees the Dycom Industries, Inc. Retirement Savings Plan, which is managed by Prudential. This 401(k) plan covers 13,591 employees and allows for pre-tax contributions with a company match. Dycom Industries also offers a matching contribution of 50% of the first 6% of an employee’s eligible pay, encouraging long-term savings. The company's 401(k) plan details, including contributions, are documented under the name "DYCOM INDUSTRIES, INC. RETIREMENT SAVINGS PLAN" (source: Capitalize website, page accessed on August 2024). Regarding Dycom Industries' pension plan, they are not known to offer a traditional defined benefit pension plan for the majority of their workforce. Instead, the focus is placed on their 401(k) plan, which is commonly utilized across industries today. The exact details and eligibility criteria for this plan align with Dycom's retirement strategy focused on employee contributions and company matching for future retirement benefits.
Restructuring and Layoffs: In early 2024, Dycom Industries announced a strategic restructuring plan aimed at optimizing operational efficiency and reducing costs. This plan included the layoff of approximately 5% of its workforce. The restructuring is intended to streamline operations and focus on core business areas. Given the current economic climate, staying informed about such changes is critical for understanding how large-scale companies are adapting to economic uncertainties. The reduction in workforce can impact not only the employees but also the company's long-term strategic positioning.
Stock Options: Dycom Industries offers stock options to its executives and senior management as part of their compensation package. Stock options typically provide the right to purchase Dycom Industries stock at a fixed price for a specified period. RSUs: Restricted Stock Units (RSUs) at Dycom Industries are granted to key employees, often subject to performance and time-based vesting conditions. These RSUs convert to Dycom Industries stock upon vesting.rts.
Website: Dycom Industries Health Benefits Information: The official website provides a section on employee benefits that includes details about healthcare coverage, including medical, dental, and vision insurance. They offer a range of plans with various coverage levels and options. Health Benefits Information: Reviews on Glassdoor mention that Dycom provides competitive health benefits, including medical, dental, and vision insurance. Employees have reported a decent range of coverage options and benefits packages. Health Benefits Information: Indeed provides employee reviews and details about the company's benefits, including health insurance coverage, wellness programs, and other related benefits.
New call-to-action

Additional Articles

Check Out Articles for Dycom Industries employees

Loading...

For more information you can reach the plan administrator for Dycom Industries at 11780 US Highway 1, Suite 600 Palm Beach Gardens, FL 33408; or by calling them at (561) 627-7171.

https://www.linkedin.com/authwall?trk=bf&trkInfo=AQHPMYiNVtyTqAAAAZE9eQzI23pg5VYAkomWc0gX1vnNfagrAaYXdf4fFnhR46vOvpQ5TqOC_hLG61quDfm7qO81-ZRM_hpOLWNBl-NOJkrPBS5fccY-r_3bwsooZhRX1HQLmWM=&original_referer=&sessionRedirect=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdycom-industries https://benefitslink.com/ https://dycomind.com/

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Dycom Industries employees