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Healthcare Provider Update: Garrett Motion offers health and life insurance, annual health checkups, and mental health support. Employees benefit from retirement plans, relocation bonuses, and performance incentives. The company promotes learning through peer-to-peer training and digital communities. Paid time off includes maternity, paternity, and sabbatical leave 10. Garrett Motion As ACA premiums rise, Garrett Motions employer-sponsored coverage and global learning culture help employees maintain affordable healthcare and career growth. Click here to learn more
As a Garrett Motion 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 Garrett Motion 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 Garrett Motion 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 retirement savings plan does Garrett Motion offer to its employees?
Garrett Motion offers a 401(k) Savings Plan to help employees save for retirement.
How can employees of Garrett Motion enroll in the 401(k) Savings Plan?
Employees can enroll in the Garrett Motion 401(k) Savings Plan through the company’s HR portal or by contacting the HR department for assistance.
Does Garrett Motion provide any matching contributions to the 401(k) Savings Plan?
Yes, Garrett Motion offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.
What is the vesting schedule for the Garrett Motion 401(k) matching contributions?
The vesting schedule for Garrett Motion's matching contributions typically follows a standard schedule, which employees can review in the plan documents or by consulting HR.
Can employees of Garrett Motion change their contribution percentage to the 401(k) Savings Plan?
Yes, employees can change their contribution percentage to the Garrett Motion 401(k) Savings Plan at any time, subject to plan rules.
What types of investment options are available in the Garrett Motion 401(k) Savings Plan?
The Garrett Motion 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a minimum contribution requirement for the Garrett Motion 401(k) Savings Plan?
Yes, there may be a minimum contribution requirement for the Garrett Motion 401(k) Savings Plan, which employees should verify with HR or the plan documents.
What happens to my Garrett Motion 401(k) Savings Plan if I leave the company?
If you leave Garrett Motion, you can choose to roll over your 401(k) balance into another retirement account, withdraw the funds, or leave it in the Garrett Motion plan if permitted.
Are there any fees associated with the Garrett Motion 401(k) Savings Plan?
Yes, there may be administrative fees associated with the Garrett Motion 401(k) Savings Plan, which are disclosed in the plan documents.
Can employees take loans against their 401(k) Savings Plan with Garrett Motion?
Yes, Garrett Motion allows employees to take loans against their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan.
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