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Navigating Inflation: Essential Insights for OGE Energy Employees to Safeguard Their Retirement Plans

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Healthcare Provider Update: Provides company health insurance, preventive care, ergonomic workstations, and wellness programs. Employees also receive group accident insurance and access to mental health services 2. With ACA insurers requesting double-digit hikes, OGEs internal health offerings may help employees avoid the financial strain of rising marketplace premiums. Click here to learn more

As a OGE Energy 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.' woman signing on white printer paper beside woman about to touch the documents

 


As a OGE Energy 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 OGE Energy 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 purpose of OGE Energy's 401(k) Savings Plan?

The purpose of OGE Energy's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to contribute a portion of their salary.

How can I enroll in OGE Energy's 401(k) Savings Plan?

Employees can enroll in OGE Energy's 401(k) Savings Plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

What types of contributions can I make to OGE Energy's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and, in some cases, catch-up contributions if they are age 50 or older in OGE Energy's 401(k) Savings Plan.

Does OGE Energy offer a company match for 401(k) contributions?

Yes, OGE Energy offers a company match for employee contributions to the 401(k) Savings Plan, which helps to enhance retirement savings.

What is the vesting schedule for OGE Energy's 401(k) company match?

The vesting schedule for OGE Energy's 401(k) company match typically follows a graded vesting schedule, which means employees become vested in the company match over a specified period of service.

Can I take loans against my 401(k) balance at OGE Energy?

Yes, OGE Energy's 401(k) Savings Plan allows employees to take loans against their account balance, subject to certain terms and conditions.

What investment options are available in OGE Energy's 401(k) Savings Plan?

OGE Energy's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and potentially company stock, allowing employees to diversify their retirement savings.

How often can I change my contribution amount to OGE Energy's 401(k) Savings Plan?

Employees can change their contribution amount to OGE Energy's 401(k) Savings Plan at any time, typically through the HR portal or by contacting HR.

Is there a minimum contribution requirement for OGE Energy's 401(k) Savings Plan?

Yes, OGE Energy's 401(k) Savings Plan may have a minimum contribution requirement, which is typically outlined in the plan documents provided to employees.

How can I check my 401(k) balance with OGE Energy?

Employees can check their 401(k) balance with OGE Energy by logging into the plan's online portal or by contacting the plan administrator for assistance.

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For more information you can reach the plan administrator for OGE Energy at , ; or by calling them at .

*Please see disclaimer for more information

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