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As a FM Global 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 FM Global 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 FM Global 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 FM Global 401(k) Savings Plan?
The FM Global 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.
How can I enroll in the FM Global 401(k) Savings Plan?
Employees can enroll in the FM Global 401(k) Savings Plan through the company’s HR portal during the enrollment period or after completing their eligibility requirements.
What are the eligibility requirements for the FM Global 401(k) Savings Plan?
To be eligible for the FM Global 401(k) Savings Plan, employees must be at least 21 years old and have completed a certain period of service with the company.
Does FM Global match contributions to the 401(k) Savings Plan?
Yes, FM Global offers a matching contribution to the 401(k) Savings Plan, which can help employees grow their retirement savings.
What is the maximum contribution limit for the FM Global 401(k) Savings Plan?
The maximum contribution limit for the FM Global 401(k) Savings Plan is determined by IRS guidelines, which may change annually.
Can I change my contribution percentage for the FM Global 401(k) Savings Plan?
Yes, employees can change their contribution percentage to the FM Global 401(k) Savings Plan at any time, subject to the plan's rules.
What investment options are available in the FM Global 401(k) Savings Plan?
The FM Global 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
How often can I make changes to my investment choices in the FM Global 401(k) Savings Plan?
Employees can typically make changes to their investment choices in the FM Global 401(k) Savings Plan on a quarterly basis or as specified in the plan documents.
What happens to my FM Global 401(k) Savings Plan if I leave the company?
If you leave FM Global, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it in the plan if you meet certain criteria.
Can I take a loan from my FM Global 401(k) Savings Plan?
Yes, FM Global allows employees to take loans from their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan.
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