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Healthcare Provider Update: Offers medical, dental, vision, prescription, disability, and life insurance, with full-time employees paying only 16% of total premium costs 3. As ACA subsidies phase out, American Waters low employee contribution rates and broad coverage make its plans a financially stable alternative to marketplace options. Click here to learn more
As a American Water Works employee earning a good wage, remember when everyday products were much cheaper than they are now? That's a real-life example of inflation, an unavoidable phenomenon that erodes the value of money by pushing prices up over time. If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.
| 'If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.' |
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As a American Water Works employee interested in investing, it is important to consider how investors have a wide range of tools at their disposal to protect their portfolios from inflation. Some prefer inflation-protected bonds, while others swear by commodities such as gold as effective inflation hedges. Investing in stocks has historically been one of the best ways to offset, or even outpace, inflation's degenerative effects on one's savings. For American Water Works employees, it is important to account for this information when planning your finances as to create a portfolio that minimizes volatility and accounts for inflation.
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We still have a tremendous amount of interest from advisors looking into commodity funds, ETFs and other inflation protection instruments to protect against potential inflation.
What type of retirement savings plan does American Water Works offer to its employees?
American Water Works offers a 401(k) retirement savings plan to its employees.
How can employees of American Water Works enroll in the 401(k) plan?
Employees of American Water Works can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does American Water Works match employee contributions to the 401(k) plan?
Yes, American Water Works provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.
What is the maximum contribution limit for the American Water Works 401(k) plan?
The maximum contribution limit for the American Water Works 401(k) plan is determined by IRS guidelines, which may change annually.
Can employees of American Water Works take loans against their 401(k) savings?
Yes, American Water Works allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What investment options are available in the American Water Works 401(k) plan?
The American Water Works 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
When can employees of American Water Works start withdrawing from their 401(k) accounts?
Employees of American Water Works can start withdrawing from their 401(k) accounts at age 59½, or earlier under certain circumstances.
Is there a vesting schedule for employer contributions in the American Water Works 401(k) plan?
Yes, American Water Works has a vesting schedule for employer contributions, which determines how much of the employer match employees are entitled to based on their years of service.
How often can employees of American Water Works change their 401(k) contribution amounts?
Employees of American Water Works can change their 401(k) contribution amounts at any time, subject to plan rules.
Does American Water Works provide educational resources for employees regarding their 401(k) plan?
Yes, American Water Works provides educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.
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