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

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Discovering the Best International Retirement Destinations for JELD-WEN Holding Employees: Your Guide to a Fulfilling Life Abroad

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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

Switzerland maintains its position at the top of  U.S. News & World Report’s annual survey of the most comfortable countries for retirement , a detail JELD-WEN Holding employees considering international retirement should note. This Alpine nation is distinguished not only in this category but also as the top country globally. Despite its high cost of living, Switzerland’s exceptional security, strong economic stability, outstanding medical safety, and favorable retirement benefits make it a prime destination for retirees. It also ranks highly in terms of quality of life (third) and business practice (second).

The survey assesses 89 countries based on various criteria such as feasibility, tax regimes, healthcare quality, social friendliness, and climatic conditions. Following in terms of retirement desirability are New Zealand, Portugal, and Australia, favored for their living costs and retirement and social security systems. In contrast, the United States does not make the top 20, an interesting observation for JELD-WEN Holding staff considering where to retire.

Top 10 Countries for a Comfortable Retirement:

1. Luxembourg finds itself in the tenth spot for retirement but does not fare as well in the global ranking, within the top 30. The country performs well in terms of quality of life and social vocation, ranking 17th and 16th respectively. Eligibility for retirement requires contributions to the national old-age pension fund for at least ten years.

2. Sweden, known for its high quality of life and commitment to social causes, ranks second in these areas but 20th for adventure, reflecting its friendly populace and pleasant climate. Retiring in Sweden involves more than a tourist stay; obtaining a residence permit from a Swedish consulate or embassy is necessary for stays exceeding 90 days.

3. Netherlands, despite not being in the top 10 globally, secures a spot among the best for retirement. The country is also a popular destination for solo travelers, ranked at number nine. Future retirees from outside the EU will need to navigate visas and residency permits to settle here.

4. Denmark leads the survey in terms of quality of life and sociability among the participating countries but ranks seventh for retirement. Notably, Switzerland does not offer a specific retirement visa, making long-term visas essential for American citizens planning extended stays.

5. Canada is a favored destination for some U.S. citizens, ranked sixth for retirement and fourth overall. The country tops the charts in terms of sociability, quality of life, and agility. Canada does not offer a special visa for retirement; however, a super visa may allow extended family visits, valid for five years.

6. Spain holds the fifth spot, with lower rents and property taxes than the United States. An estimated modest monthly income of $1,913 is sufficient for a comfortable existence, supported by affordable social security. Despite the end of the Golden Visa program, Spain offers a Non-Lucrative Visa allowing a three-year stay for retirees.

7. Australia, previously ranked third, now takes the fourth spot. It offers an Investor Retirement visa for financially independent retirees without dependents, valid for four years. Despite rising housing prices, urban rents remain lower than those in major U.S. cities. Australia also provides a choice between universal and private healthcare.

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8. Portugal moves up from second place to third. The Portugal D7 Retirement Visa simplifies residency for non-European citizens with stable incomes, while its golden visa program offers permanent residency opportunities through significant investments in real estate or scientific research. The cost of living is significantly lower than in the United States, allowing for a comfortable life on $1,500 to $2,000 per month.

9. New Zealand, ranked second, appeals to the elderly with its temporary retiree visitor visa, requiring certain investments within the country. It also offers a residency visa for elderly parents to wealthy individuals. Thanks to reduced living costs and free healthcare, New Zealand provides a viable alternative for retirees.

10. Switzerland remains the epitome of retirement destinations due to its leading healthcare system, low taxes, and even high living expenses. Prospective retirees will need a type D visa, ensuring their health insurance and sufficient financial resources. Residents likely need at least 3,500 euros per month to live comfortably in an urban setting, and the country’s tax policies favor the affluent. It has a three-pillar pension system that starts at 65 for men and 64 for women, reinforcing its status as a refuge for retirees seeking stability and high living standards.

11. This ranking highlights the importance of meticulous planning and considering various factors such as healthcare, cost of living, and social amenities when choosing a retirement location. Each country presents its own benefits and challenges, making it essential to consider personal preferences and financial circumstances in selecting the right place for retirement.

For JELD-WEN Holding retirees who might consider settling in top-ranked Switzerland, it's advantageous to know that Switzerland offers tax benefits for foreign retirees as part of its lump-sum taxation system, also called 'taxation according to expenditure.' This method allows retirees to negotiate their taxes based on their living expenses rather than income, significantly reducing their tax burden, making it an attractive option for those with substantial retirement incomes. This policy is especially beneficial to JELD-WEN Holding corporate sector retirees who may have significant pensions or investments (Swiss Federal Tax Administration, 2022).

Choose a nation from the top ten list as if selecting the ideal wine from a prestigious estate. Just as a wine enthusiast assesses wine based on its region, age, and grape type to match their taste and occasion, a retiree evaluates each country based on its healthcare quality, cost of living, and social infrastructure to find the best fit for their retired life. Switzerland, like a fine Swiss watch, demonstrates precision in healthcare and stability, making it the preferred choice for those seeking a top-tier retirement haven.

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
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