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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Navigating Inflation: Essential Insights for Pinnacle West Capital Employees to Safeguard Their Retirement Plans

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Healthcare Provider Update: Provides medical coverage through Aetna, along with dental, vision, HSAs, FSAs, and voluntary benefits like critical illness and hospital indemnity insurance 2. With ACA premiums projected to rise by 1518%, Pinnacle Wests comprehensive benefits and multiple plan tiers offer employees flexibility and protection against rising out-of-pocket costs. Click here to learn more

As a Pinnacle West Capital 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 Pinnacle West Capital 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 Pinnacle West Capital 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 primary purpose of the 401(k) Savings Plan at Pinnacle West Capital?

The primary purpose of the 401(k) Savings Plan at Pinnacle West Capital is to help employees save for retirement through tax-advantaged contributions.

How can employees enroll in the 401(k) Savings Plan at Pinnacle West Capital?

Employees can enroll in the 401(k) Savings Plan at Pinnacle West Capital by accessing the benefits portal or contacting the HR department for guidance.

What types of contributions can employees make to the Pinnacle West Capital 401(k) Savings Plan?

Employees can make pre-tax and Roth (after-tax) contributions to the Pinnacle West Capital 401(k) Savings Plan.

Is there a company match for contributions made to the 401(k) Savings Plan at Pinnacle West Capital?

Yes, Pinnacle West Capital offers a company match for employee contributions to the 401(k) Savings Plan, which enhances retirement savings.

What is the maximum contribution limit for the 401(k) Savings Plan at Pinnacle West Capital?

The maximum contribution limit for the 401(k) Savings Plan at Pinnacle West Capital is subject to IRS guidelines, which are updated annually.

Can employees change their contribution percentage to the Pinnacle West Capital 401(k) Savings Plan?

Yes, employees can change their contribution percentage to the Pinnacle West Capital 401(k) Savings Plan at any time through the benefits portal.

What investment options are available in the Pinnacle West Capital 401(k) Savings Plan?

The Pinnacle West Capital 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and stable value funds.

When can employees access their funds from the Pinnacle West Capital 401(k) Savings Plan?

Employees can access their funds from the Pinnacle West Capital 401(k) Savings Plan upon reaching retirement age, termination of employment, or under certain hardship circumstances.

Are there any fees associated with the Pinnacle West Capital 401(k) Savings Plan?

Yes, there may be administrative and investment fees associated with the Pinnacle West Capital 401(k) Savings Plan, which are disclosed in the plan documents.

How often can employees review their account statements for the Pinnacle West Capital 401(k) Savings Plan?

Employees can review their account statements for the Pinnacle West Capital 401(k) Savings Plan on a quarterly basis.

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For more information you can reach the plan administrator for Pinnacle West Capital at , ; or by calling them at .

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