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As a Builders FirstSource 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 Builders FirstSource 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 Builders FirstSource 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 is the 401(k) plan offered by Builders FirstSource?
The 401(k) plan at Builders FirstSource is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does Builders FirstSource match employee contributions to the 401(k) plan?
Builders FirstSource offers a matching contribution to the 401(k) plan, which typically matches a percentage of the employee's contributions, helping to boost retirement savings.
When can employees of Builders FirstSource enroll in the 401(k) plan?
Employees of Builders FirstSource can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.
What are the eligibility requirements for the 401(k) plan at Builders FirstSource?
To be eligible for the 401(k) plan at Builders FirstSource, employees generally need to be at least 21 years old and have completed a specified period of service.
Can employees of Builders FirstSource take loans against their 401(k) savings?
Yes, Builders FirstSource allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What investment options are available in the Builders FirstSource 401(k) plan?
The Builders FirstSource 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
How can employees of Builders FirstSource access their 401(k) account information?
Employees can access their 401(k) account information through the Builders FirstSource benefits portal or by contacting the plan administrator.
What happens to the 401(k) plan if an employee leaves Builders FirstSource?
If an employee leaves Builders FirstSource, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the Builders FirstSource plan if eligible.
Does Builders FirstSource offer financial education resources for its 401(k) plan?
Yes, Builders FirstSource provides financial education resources and workshops to help employees make informed decisions about their 401(k) savings.
Are there any fees associated with the Builders FirstSource 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Builders FirstSource 401(k) plan, which are disclosed in the plan documents.
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