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

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Top Retirement Destinations for Party City Holdco Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider for Party City Holdco Party City Holdco employees generally receive healthcare coverage through various major health insurance providers, including large insurers like UnitedHealthcare, Aetna, Anthem, and Cigna. These providers offer a range of plans tailored to meet the needs of employees while also adhering to regulations regarding healthcare coverage. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are anticipated to surge significantly, with many employers projecting a median increase of around 10%. This escalation is primarily driven by spiraling medical expenses, including high-cost specialty prescriptions, and the expiration of enhanced subsidies under the Affordable Care Act (ACA). With certain states facing premium hikes of over 60%, individuals enrolled in the ACA plans may see their out-of-pocket expenses rise sharply, creating financial strain for many, particularly those approaching retirement. Employers and employees alike will need to prepare strategically to navigate these rising costs effectively. 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%). Party City Holdco 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 Party City Holdco 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. Party City Holdco employees should consider these factors when planning their retirement locations.

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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. Party City Holdco retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the 401(k) plan offered by Party City Holdco?

The 401(k) plan offered by Party City Holdco is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can employees enroll in the 401(k) plan at Party City Holdco?

Employees can enroll in the 401(k) plan at Party City Holdco by completing the enrollment form available through the company's HR portal.

Does Party City Holdco match employee contributions to the 401(k) plan?

Yes, Party City Holdco offers a matching contribution to employee 401(k) plans, helping to enhance retirement savings.

What is the eligibility requirement for Party City Holdco's 401(k) plan?

Employees of Party City Holdco are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

What types of investments are available in Party City Holdco's 401(k) plan?

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

Can employees change their contribution percentage to the 401(k) plan at Party City Holdco?

Yes, employees at Party City Holdco can change their contribution percentage at any time, subject to plan rules.

What is the maximum contribution limit for the 401(k) plan at Party City Holdco?

The maximum contribution limit for the 401(k) plan at Party City Holdco is subject to IRS regulations, which may change annually.

Does Party City Holdco offer a Roth 401(k) option?

Yes, Party City Holdco provides employees with the option to contribute to a Roth 401(k), allowing for after-tax contributions.

How often can employees at Party City Holdco make changes to their investment allocations in the 401(k) plan?

Employees at Party City Holdco can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

What happens to the 401(k) plan if an employee leaves Party City Holdco?

If an employee leaves Party City Holdco, they have several options for their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the current plan.

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For more information you can reach the plan administrator for Party City Holdco at , ; or by calling them at .

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