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As a Elanco Animal Health 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 Elanco Animal Health 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 Elanco Animal Health 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 Elanco Animal Health?
The 401(k) plan at Elanco Animal Health is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does Elanco Animal Health offer matching contributions to the 401(k) plan?
Yes, Elanco Animal Health offers matching contributions to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees enroll in the 401(k) plan at Elanco Animal Health?
Employees can enroll in the 401(k) plan at Elanco Animal Health through the company’s benefits portal during the enrollment period or after a qualifying event.
What are the eligibility requirements for the 401(k) plan at Elanco Animal Health?
To be eligible for the 401(k) plan at Elanco Animal Health, employees typically need to meet certain criteria, such as age and length of service.
Can employees take loans against their 401(k) at Elanco Animal Health?
Yes, Elanco Animal Health allows employees to take loans against their 401(k) balance under certain conditions.
What investment options are available in the Elanco Animal Health 401(k) plan?
The 401(k) plan at Elanco Animal Health offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to customize their investment strategy.
How often can employees change their contribution percentage to the Elanco Animal Health 401(k) plan?
Employees at Elanco Animal Health can change their contribution percentage to the 401(k) plan at any time, subject to company policies.
Is there a vesting schedule for the matching contributions at Elanco Animal Health?
Yes, Elanco Animal Health has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own the matching funds.
What happens to an employee's 401(k) account if they leave Elanco Animal Health?
If an employee leaves Elanco Animal Health, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Elanco plan if eligible.
Are there any fees associated with the Elanco Animal Health 401(k) plan?
Yes, there may be administrative fees associated with the Elanco Animal Health 401(k) plan, which are disclosed in the plan documents.