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Navigating Inflation: Essential Insights for Deckers Outdoor Employees to Safeguard Their Retirement Plans

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Healthcare Provider Update: Provides health insurance through Kaiser, Anthem Blue Cross, and HMSA, with options including PPO, HDHP with HSA, and EPO plans4. With ACA costs rising, Deckers flexible plan options and employer HSA contributions offer a strong alternative to marketplace plans. Click here to learn more

As a Deckers Outdoor 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.' woman signing on white printer paper beside woman about to touch the documents

 


As a Deckers Outdoor 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 Deckers Outdoor 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 Deckers Outdoor?

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

How can employees of Deckers Outdoor enroll in the 401(k) plan?

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

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

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

What is the vesting schedule for the company match in Deckers Outdoor's 401(k) plan?

The vesting schedule for the company match at Deckers Outdoor typically follows a standard timeline, which may vary. Employees should refer to the plan documents for specific details.

Can employees of Deckers Outdoor change their contribution percentage to the 401(k) plan?

Yes, employees can change their contribution percentage to the Deckers Outdoor 401(k) plan at any time, subject to the plan’s guidelines.

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

The Deckers Outdoor 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 employees of Deckers Outdoor start withdrawing from their 401(k) plan?

Employees can typically start withdrawing from their Deckers Outdoor 401(k) plan at age 59½, although there are specific rules and conditions that apply.

Are loans available against the 401(k) balance at Deckers Outdoor?

Yes, employees may be able to take loans against their 401(k) balance at Deckers Outdoor, subject to the plan’s terms and conditions.

What happens to the 401(k) plan if an employee leaves Deckers Outdoor?

If an employee leaves Deckers Outdoor, they have several options regarding their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it with Deckers Outdoor.

How does Deckers Outdoor communicate changes to the 401(k) plan?

Deckers Outdoor communicates changes to the 401(k) plan through official company emails, newsletters, and updates on the HR portal.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Deckers Outdoor Employee Pension Plan Name of Pension Plan: Deckers Outdoor Corporation Pension Plan Years of Service and Age Qualification: Employees generally need at least 5 years of service to qualify for benefits. Age qualifications typically align with standard retirement ages (e.g., 65 years old). Pension Formula: Deckers Outdoor’s pension formula typically involves a defined benefit based on years of service and average salary. The formula may be calculated as a percentage of the employee’s average salary over the highest earning years multiplied by the number of years of service.
Restructuring Layoffs: In 2024, Deckers Outdoor Corporation has continued its strategy to optimize its workforce, reflecting a broader trend in the industry towards efficiency and cost management. Despite reporting strong financial performance, including a record Q2 revenue of $1.092 billion, the company has made adjustments to its workforce to align with long-term goals. These layoffs, though not publicly detailed in terms of numbers, are part of a strategic approach to maintain competitiveness and shareholder value in an uncertain economic climate.
For Deckers Outdoor, the company offers both stock options and Restricted Stock Units (RSUs) as part of its employee compensation package. Stock options at Deckers Outdoor (NYSE: DECK) give employees the right to purchase company shares at a predetermined price after a specific vesting period. RSUs, on the other hand, provide employees with company shares upon the completion of vesting conditions without requiring an upfront purchase. In 2022, 2023, and 2024, Deckers Outdoor has continued to utilize these equity compensation tools to attract and retain top talent. The stock options typically vest over several years, often linked to the employee’s tenure or performance milestones. RSUs are granted and become actual shares after a defined period, usually subject to the company's stock price performance or individual achievements. Employees eligible for these benefits at Deckers Outdoor include senior executives, key management personnel, and other employees identified as critical to the company's success. These equity awards are designed to align employee incentives with the company's long-term financial performance, ensuring that key personnel are motivated to contribute to the company's growth.
Health Insurance: Deckers provides comprehensive health insurance options that cover a variety of healthcare needs. This includes medical, dental, and vision coverage. The company also offers Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) to help employees manage their healthcare expenses more effectively. Mental Health Support: Recognizing the importance of mental well-being, Deckers offers free memberships to Headspace for all employees, along with an Employee Assistance Program (EAP) that provides mental health support. Additionally, virtual fitness classes are available to promote physical and mental wellness.
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For more information you can reach the plan administrator for Deckers Outdoor at 250 Coromar Dr Goleta, CA 93117; or by calling them at (805) 967-7611.

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