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Navigating Retirement at Enovis: A Guide to Helping Increase Your Benefits in 2025

The Q1 2026 energy crisis has introduced significant volatility into the retirement planning calculations of many Enovis professionals, reinforcing the importance of a diversified, inflation-aware retirement strategy that accounts for the cyclical nature of the energy sector.

2026 Q1 Oil Market Update (March 2026): Enovis (NOV) shares are up approximately +20% over the past 90 days, with an approximate March 2026 average price of ~$18. Oilfield services companies are experiencing a surge in drilling contracts as higher crude prices driven by the U.S.-Israel joint strikes on Iran and the near-closure of the Strait of Hormuz, which carries approximately 20% of global oil and 21% of global LNG supply accelerate domestic E&P capital spending.

The Strait of Hormuz crisis has pushed Brent crude to ~$107/barrel and WTI to ~$94/barrel, marking one of the most severe oil supply shocks since the 1973 embargo, according to the IEA's March 2026 emergency report.

LNG markets have been hit particularly hard, with European TTF near ~$16.90/MMBtu following Iran's attacks on the Ras Laffan LNG facility, which handles roughly 20% of global LNG production.

The Q1 2026 energy market shock has delivered significant short-term gains for many Enovis employees' retirement accounts — and is also a reminder that sector concentration risk is real, making systematic diversification the most reliable path to long-term financial security.

'Enovis employees must remain vigilant in adapting to ongoing changes in retirement benefits, from COLA adjustments to TSP contributions, to ensure they are maximizing their retirement options and securing their financial future.' – Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Enovis employees should take advantage of retirement tools like catch-up contributions and Medicare strategies to optimize their benefits, ensuring a smooth transition into retirement with comprehensive coverage and financial security.' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

Key Updates on Retirement Benefits— Changes in annuities, cost-of-living adjustments, and Thrift Savings Plan (TSP) contributions.
Essential Insurance and Healthcare Considerations— Medicare enrollment strategies, FEGLI policy adjustments, and FEDVIP premium updates.
Financial and Estate Planning for a Comprehensive Future— Long-term care options, estate planning, and managing post-retirement benefits.

As 2025 unfolds, more options and considerations for Enovis employees and retirees are emerging in the retirement landscape. You will find this guide useful for making the transition to retirement.

Updates on Annuities & Cost of Living Adjustments.

Here are a few tools and services from Enovis to help you manage your annuity benefits. Annuity payments for retirees were adjusted in January 2025 for the 2025 cost-of-living adjustments (COLA), effective December 1, 2024. The COLA is 2.0% for Federal Employees Retirement System recipients and 2.5% for Civil Service Retirement System recipients. Social Security and military retirement payments also rise 2.5%. [Source needed]

Insurance Considerations

In retirement planning, insurance is an essential purchase. Regular reviews of your Federal Employees Group Life Insurance (FEGLI) policy are recommended as retirement approaches. Remember, FEGLI premiums increase every five years starting at age 50 - this can squeeze your budget. You can also enroll in Medicare Part A when you reach 65 to avoid penalties if you haven't claimed Social Security benefits yet.

Thrift Savings Plan Insights

Contributions to the Thrift Savings Plan (TSP) must increase. Those over 50 can contribute an additional USD 7,500 in 2026 (ages 60-63 may contribute an extra USD 11,250 under SECURE Act 2.0). To receive the full benefit of matching contributions, a minimum contribution of 5% per pay period is advised.

Medicare Enrollment Strategies

Crucial decisions regarding Medicare enrollment include when to enroll in parts A, B, C, and D. Combining your FEHB and TRICARE for Life with Medicare Parts A and B can lower your out-of-pocket costs.

The Federal Employees Dental and Vision Insurance Program (FEDVIP) is administered by the Federal Employees Dental and Vision Insurance Program (FEDVIP).

Participants in FEDVIP should know that 2025 premium changes could impact benefits. Update your enrollment details after a major life event or relocation for coverage continuity.

Long-Term Care & Retirement Planning.

Understand long-term care insurance and how it fits into your retirement planning. Check out the terms of your policy and how it fits in with other benefits you may be able to receive.

Estate Planning & Beneficiary Designations.

Estate planning and current beneficiary designations are critical to your assets. Regularly review and update these designations based on your personal situation.

Retirement Training and Resources

People nearing retirement can get training and tools. They include webinars and seminars on topics as simple as retirement planning to more complex issues like long-term care and Medicare options.

TSP Withdrawals and Regulations

New legislation affecting required minimum distributions (RMDs) and TSP withdrawals will help you manage your TSP account in retirement.

Retention of Personal Documents

Retaining copies of important documents, such as your proof of insurance and Notification of Personnel Action (SF-50s), is helpful when you retire to verify eligibility and service estimates.

Post-Retirement Federal Benefits Management

Staying connected with the Office of Personnel Management and other relevant agencies helps with benefit administration after retirement. Continuous management is needed for Medicare coordination, insurance coverage maintenance, and annuity adjustment.

So, in conclusion, 2025 brought many updates and revisions to retirement planning at Enovis. Staying proactive in managing your retirement plans, understanding policy impacts, and making informed decisions will enhance your retirement outcomes for a full and fulfilling retirement.

Articles you may find interesting:

Sources:

1. The Thrift Savings Plan. 2025 TSP Contribution Limits . 13 Nov. 2024, www.tsp.gov .

2. Friedman, Drew. 2025 COLA Will Be 2.5%, but Some Federal Retirees Get a Smaller Percentage . Federal News Network , 10 Oct. 2024, www.federalnewsnetwork.com .

3. Internal Revenue Service. 401(k) Limit Increases to $24,500 for 2025, IRA Limit Remains $7,500 . 1 Nov. 2024, www.irs.gov .

4. Serving Those Who Serve Editorial Team. 2025 Social Security COLA Increase . Serving Those Who Serve , Oct. 2024, www.stwserve.com .

5. The Thrift Savings Plan. SECURE Act 2.0, Section 109: Higher Catch-Up Limit to Apply at Age 60, 61, 62, and 63 . Jan. 2025, www.tsp.gov .

What is the Enovis 401(k) plan?

The Enovis 401(k) plan is a retirement savings plan that allows employees to save a portion of their salary for retirement on a tax-deferred basis.

How can I enroll in the Enovis 401(k) plan?

Employees can enroll in the Enovis 401(k) plan by completing the enrollment process through the company's HR portal or by contacting the HR department for assistance.

Does Enovis offer a company match for the 401(k) contributions?

Yes, Enovis offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility requirement to participate in the Enovis 401(k) plan?

To be eligible to participate in the Enovis 401(k) plan, employees must meet specific criteria, which typically include being a full-time employee and completing a certain period of service.

How much can I contribute to the Enovis 401(k) plan?

Employees can contribute up to the IRS limit set for 401(k) plans each year. Enovis may also allow for additional catch-up contributions for eligible employees.

Can I change my contribution percentage in the Enovis 401(k) plan?

Yes, employees can change their contribution percentage at any time by accessing their account through the Enovis HR portal or contacting HR.

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

The Enovis 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

When can I access my Enovis 401(k) funds?

Employees can access their Enovis 401(k) funds upon reaching retirement age, or under certain circumstances such as financial hardship or termination of employment.

Are there any fees associated with the Enovis 401(k) plan?

Yes, the Enovis 401(k) plan may have administrative fees and investment-related expenses, which are disclosed in the plan documents provided to employees.

How does the Enovis 401(k) plan handle loans?

The Enovis 401(k) plan allows eligible employees to take loans against their vested balance, subject to specific terms and conditions outlined in the plan documents.