Throughout October and November, we hosted our yearly company-wide Roadshow. During these events, associates learned about updates to our benefits and 401(k) program, Kids & Community Partners, and other exciting company updates.
We know this information is important to you. Today, Loop is sharing Roadshow highlights and reminders.
Benefits
At The Connor Group, our people are our #1 key to success, and your health is a top priority.
Did you know that all associates can earn fully-paid medical benefits after three years? Within that three-year period, associates will pay $1,656 per year for their benefits, which is $6,344 less than the national average of $8,000.
Due to your hard work throughout 2023, our benefits premiums will not increase in 2024.
As a reminder, you don’t need to do anything if you are not making any changes to your benefits. Your elections from 2023 will roll over. If you are making changes, please fill out your open enrollment letter and submit it to payroll@connorgroup.com. You can only update your benefits selections once per year, so be sure to review the information and decide what’s best for you!
Open enrollment closes this Thursday, November 30th. If you have any questions, please contact partner Wendy Green or payroll and benefits specialist Sharissa Rigsby at payroll@connorgroup.com.
401(k)
Exciting new changes are coming to the 401(k) program in 2024. We are changing the fund offerings to best serve our associates. One new fund, the TCG equity fund, will allow associates to invest up to 30% of their 401(k) in Connor Group equity funds. Maximizing your savings over the long term can set you up for financial success, as seen in this example:
Did you know you can review your 401(k) on Loop?
- Click “Profile” at the bottom of the screen.
- Click “401(k) Dashboard.”
From there, you will be able to see your account balance, company match (and if you are taking full advantage), and the company match schedule.
Partnership
- Less than 10% of working Americans get the opportunity to have an equity stake in the company they work for.
- We are committed to increasing our number of partners to 100.
- An average partnership of 20 years at The Connor Group is worth $3M.
- Combine that with your 401K over 30 years, and you are looking at a combined $8M.
Strategic Plan
- Selling: This year, we have not sold any properties. Why? Because the prices we want are not being matched. When we buy a property – we are happy to own it long-term.
- Refinancing: Increased interest rates have impacted refinances. Therefore, it is not a smart business decision. That opportunity is not lost forever. Like selling properties, it will happen again.
- Buying: We will continue to aggressively look for buying opportunities.
Thank you to all associates who participated in our roadshows. If you have further questions, please contact events manager Sydney Lance.