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Healthcare Provider Update: Offers health, dental, and vision insurance to employees working 30+ hours/week, along with wellness programs and an Employee Assistance Program (EAP) 1. With ACA premiums expected to rise by up to 75% due to subsidy expirations, Kaiser Aluminums employer-sponsored coverage provides a more stable and cost-effective alternative for eligible employees. Click here to learn more
As a Kaiser Aluminum 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 Kaiser Aluminum 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 Kaiser Aluminum 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 type of retirement savings plan does Kaiser Aluminum offer to its employees?
Kaiser Aluminum offers a 401(k) retirement savings plan to its employees.
Does Kaiser Aluminum provide matching contributions to the 401(k) plan?
Yes, Kaiser Aluminum provides matching contributions to the 401(k) plan, helping employees maximize their retirement savings.
What is the eligibility requirement to participate in Kaiser Aluminum's 401(k) plan?
Employees at Kaiser Aluminum are typically eligible to participate in the 401(k) plan after completing a specified period of service, often within the first year of employment.
Can employees at Kaiser Aluminum choose how much to contribute to their 401(k) plan?
Yes, employees at Kaiser Aluminum can choose to contribute a percentage of their salary to the 401(k) plan, within IRS limits.
What investment options are available in Kaiser Aluminum's 401(k) plan?
Kaiser Aluminum's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.
Is there a vesting schedule for the employer match in Kaiser Aluminum's 401(k) plan?
Yes, Kaiser Aluminum has a vesting schedule for employer matching contributions, which means employees must work for a certain period to fully own the matched funds.
How can employees at Kaiser Aluminum access their 401(k) account information?
Employees at Kaiser Aluminum can access their 401(k) account information online through the plan's designated website or by contacting the plan administrator.
What happens to the 401(k) plan if an employee leaves Kaiser Aluminum?
If an employee leaves Kaiser Aluminum, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the Kaiser Aluminum plan, subject to certain conditions.
Are there loans available against the 401(k) plan at Kaiser Aluminum?
Yes, Kaiser Aluminum allows participants to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.
Can employees at Kaiser Aluminum change their contribution levels at any time?
Yes, employees at Kaiser Aluminum can change their contribution levels at designated times throughout the year, as specified in the plan guidelines.
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