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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 RPM International Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider for RPM International RPM International, a company specializing in industrial coatings and sealants, typically offers healthcare plans through major insurers. Employees of RPM International can expect to receive health benefits from providers such as UnitedHealthcare, Aetna, or Cigna, depending on the specific plan choices made available by the company. Healthcare Cost Increases in 2026 As we approach 2026, RPM International employees should brace for a significant rise in healthcare costs. Premiums for Affordable Care Act (ACA) marketplace plans are anticipated to increase sharply, with some states reporting hikes exceeding 60%. A decrease in federal premium subsidies and the continuous rise in medical care costs-including skyrocketing medication prices-are substantial contributing factors. Employees are advised to evaluate employer-sponsored plans alongside marketplace options early to mitigate financial impacts, as many may face increased out-of-pocket expenses that could affect their budget significantly. 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%). RPM International 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 RPM International 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. RPM International 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. RPM International retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What type of retirement plan does RPM International offer to its employees?

RPM International offers a 401(k) retirement savings plan to its employees.

Does RPM International provide a company match for employee contributions to the 401(k) plan?

Yes, RPM International provides a company match for employee contributions to the 401(k) plan, helping employees maximize their retirement savings.

What is the eligibility requirement for RPM International employees to participate in the 401(k) plan?

Employees at RPM International are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually within their first year of employment.

Can RPM International employees choose how their 401(k) contributions are invested?

Yes, RPM International employees can choose from a variety of investment options for their 401(k) contributions, including mutual funds and other investment vehicles.

How often can RPM International employees change their 401(k) investment elections?

RPM International employees can change their 401(k) investment elections at any time, allowing them to adjust their investment strategy as needed.

What is the maximum contribution limit for RPM International employees participating in the 401(k) plan?

The maximum contribution limit for RPM International employees is subject to IRS guidelines, which can change annually. Employees should check the current limits for accurate information.

Does RPM International offer a Roth 401(k) option for its employees?

Yes, RPM International offers a Roth 401(k) option, allowing employees to make after-tax contributions to their retirement savings.

What happens to RPM International employees' 401(k) accounts if they leave the company?

If RPM International employees leave the company, they have several options for their 401(k) accounts, including rolling over the balance to another retirement account or leaving it in the RPM International plan.

Is there a vesting schedule for the company match in RPM International's 401(k) plan?

Yes, RPM International has a vesting schedule for the company match, which means employees must work for a certain period to fully own the matched contributions.

Can RPM International employees take loans against their 401(k) accounts?

Yes, RPM International allows employees to take loans against their 401(k) accounts, subject to specific terms and conditions outlined in the plan.

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For more information you can reach the plan administrator for RPM International at , ; or by calling them at .

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