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As a Land O'Lakes 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 Land O'Lakes 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 Land O'Lakes 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 Land O'Lakes?
The 401(k) plan at Land O'Lakes is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does Land O'Lakes match employee contributions to the 401(k) plan?
Land O'Lakes offers a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.
What types of investment options are available in the Land O'Lakes 401(k) plan?
The Land O'Lakes 401(k) plan provides a variety of investment options, including mutual funds, target-date funds, and company stock.
Can employees at Land O'Lakes take loans against their 401(k) savings?
Yes, Land O'Lakes allows employees to take loans against their 401(k) savings, subject to certain terms and conditions.
When can employees at Land O'Lakes start contributing to the 401(k) plan?
Employees at Land O'Lakes can start contributing to the 401(k) plan after completing a specified period of employment, typically within the first few months.
What is the vesting schedule for Land O'Lakes' 401(k) matching contributions?
The vesting schedule for Land O'Lakes' 401(k) matching contributions varies, but employees generally become fully vested after a certain number of years of service.
How can employees at Land O'Lakes access their 401(k) account information?
Employees can access their 401(k) account information through the Land O'Lakes employee portal or by contacting the plan administrator.
Are there any fees associated with the Land O'Lakes 401(k) plan?
Yes, the Land O'Lakes 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.
What happens to the 401(k) savings if an employee leaves Land O'Lakes?
If an employee leaves Land O'Lakes, they can choose to roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the Land O'Lakes plan if permitted.
Does Land O'Lakes offer financial education resources for employees regarding the 401(k) plan?
Yes, Land O'Lakes provides financial education resources and workshops to help employees understand their 401(k) options and make informed investment decisions.
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