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As a Pacific Life 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 Pacific Life 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 Pacific Life 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 Pacific Life?
The 401(k) plan at Pacific Life is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.
How can employees at Pacific Life enroll in the 401(k) plan?
Employees at Pacific Life can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
Does Pacific Life offer a matching contribution for its 401(k) plan?
Yes, Pacific Life offers a matching contribution to its 401(k) plan, helping employees increase their retirement savings.
What types of investment options are available in the Pacific Life 401(k) plan?
The Pacific Life 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Can employees at Pacific Life change their contribution percentage to the 401(k) plan?
Yes, employees at Pacific Life can change their contribution percentage at any time by accessing their account through the HR portal.
What is the vesting schedule for the Pacific Life 401(k) plan?
The vesting schedule for the Pacific Life 401(k) plan typically depends on the length of service with the company, with employees becoming fully vested after a certain number of years.
Are there any fees associated with the Pacific Life 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Pacific Life 401(k) plan, which are disclosed in the plan documents.
How can employees at Pacific Life access their 401(k) account information?
Employees at Pacific Life can access their 401(k) account information online through the company’s HR portal or by contacting the plan administrator.
What happens to my Pacific Life 401(k) if I leave the company?
If you leave Pacific Life, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Pacific Life plan if eligible.
Can employees at Pacific Life take loans against their 401(k) savings?
Yes, Pacific Life allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
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