<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 JELD-WEN Holding Employees: Discover Where You Can Thrive in Your Golden Years

image-table

Healthcare Provider Update: Healthcare Provider for JELD-WEN Holding JELD-WEN Holding, as a significant employer in the manufacturing sector, typically engages with a variety of healthcare providers. While specific providers may vary depending on location and plan offerings, companies like Aetna, Cigna, and UnitedHealthcare are commonly involved in providing health insurance options for employees. Potential Healthcare Cost Increases for JELD-WEN Holding in 2026 As JELD-WEN Holding prepares for 2026, employees should be aware of significant potential increases in healthcare costs. With premiums in the Affordable Care Act (ACA) marketplace expected to rise sharply-some states forecasting hikes of over 60%-many employees may face higher out-of-pocket expenses. The combined effects of soaring medical costs, the anticipated expiration of enhanced federal premium subsidies, and a shift in employer strategies to pass on more costs could mean a financial burden for workers. It is essential for employees to engage with benefit adjustments proactively and strategize their healthcare plans in advance to mitigate these increases. 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%). JELD-WEN Holding 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 JELD-WEN Holding 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. JELD-WEN Holding 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. JELD-WEN Holding retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What type of retirement plan does JELD-WEN Holding offer to its employees?

JELD-WEN Holding offers a 401(k) retirement savings plan to its employees.

Is JELD-WEN Holding's 401(k) plan available to all employees?

Yes, the 401(k) plan at JELD-WEN Holding is available to all eligible employees.

What is the employer match for the 401(k) plan at JELD-WEN Holding?

JELD-WEN Holding provides a matching contribution for employee contributions to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.

How can employees enroll in the 401(k) plan at JELD-WEN Holding?

Employees can enroll in the 401(k) plan at JELD-WEN Holding through the company’s benefits portal or by contacting the HR department for assistance.

What investment options are available in JELD-WEN Holding's 401(k) plan?

JELD-WEN Holding's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can employees take loans against their 401(k) at JELD-WEN Holding?

Yes, JELD-WEN Holding allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

What is the vesting schedule for employer contributions in JELD-WEN Holding's 401(k) plan?

The vesting schedule for employer contributions at JELD-WEN Holding typically follows a graded schedule, where employees become vested over a period of time.

How often can employees change their contribution amounts to the 401(k) plan at JELD-WEN Holding?

Employees at JELD-WEN Holding can change their contribution amounts to the 401(k) plan at any time, subject to plan rules.

What is the maximum contribution limit for the 401(k) plan at JELD-WEN Holding?

The maximum contribution limit for the 401(k) plan at JELD-WEN Holding is determined by IRS regulations, which may change annually.

Does JELD-WEN Holding offer a Roth 401(k) option?

Yes, JELD-WEN Holding offers a Roth 401(k) option, allowing employees to make after-tax contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
JELD-WEN Holding, Inc. Pension Plan Years of Service and Age Qualification: Employees are eligible for the pension plan after reaching 5 years of service and the age of 55. Pension Formula: The formula for calculating the pension benefit is based on years of service and average compensation. Name of 401(k) Plan: JELD-WEN Holding, Inc. 401(k) Savings Plan Who Qualifies: Employees are eligible to participate in the 401(k) plan immediately upon employment.
Restructuring and Layoffs: In 2023, JELD-WEN announced a significant restructuring plan aimed at improving operational efficiency and reducing costs. The plan included the closure of several manufacturing facilities and a reduction in the workforce. This move was driven by challenges in the housing market and increased raw material costs, impacting the company’s profitability. The restructuring was intended to streamline operations and better position JELD-WEN for future growth. Source: Business Insider
JELD-WEN Holding provided stock options and RSUs as part of its compensation package for eligible employees, including executives and senior management. The stock options typically had a 4-year vesting period with a 1-year cliff. RSUs were granted based on individual performance and tenure.
Company Website: Review JELD-WEN Holding's official website for their health benefits details. Financial Reports and Investor Relations: Look for any health benefits information in their annual reports or investor presentations. News Outlets: Search for recent news articles about JELD-WEN that might mention changes to employee healthcare benefits. Employment Review Sites: Check employment review websites like Glassdoor or Indeed for employee reviews discussing health benefits. Industry News: Look into industry-specific news sources for any updates related to JELD-WEN’s healthcare policies
New call-to-action

Additional Articles

Check Out Articles for JELD-WEN Holding employees

Loading...

For more information you can reach the plan administrator for JELD-WEN Holding at , ; or by calling them at .

https://www.thelayoff.com/ https://www.linkedin.com/uas/login?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fjeld-wen%2Fbenefits%2F https://www.jeld-wen.com/en-us

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for JELD-WEN Holding employees