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

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Healthcare Provider Update: Offers multiple medical plans including MEC and HSA-qualified options, plus dental, vision, STD, LTD, and critical illness coverage 6. With ACA premiums rising and subsidies expiring, TrueBlues income-based premium structure and HSA-qualified plans help employees maintain coverage without excessive costs. Click here to learn more

As a TrueBlue 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 TrueBlue 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 TrueBlue 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 TrueBlue 401(k) Savings Plan?

The TrueBlue 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or post-tax basis.

How can I enroll in the TrueBlue 401(k) Savings Plan?

You can enroll in the TrueBlue 401(k) Savings Plan through the company's HR portal or by contacting the HR department for assistance.

What types of contributions can I make to the TrueBlue 401(k) Savings Plan?

TrueBlue offers both pre-tax and Roth (post-tax) contribution options for employees participating in the 401(k) Savings Plan.

Does TrueBlue offer any matching contributions to the 401(k) Savings Plan?

Yes, TrueBlue provides a matching contribution to the 401(k) Savings Plan, which helps employees increase their retirement savings.

What is the vesting schedule for TrueBlue's matching contributions?

The vesting schedule for TrueBlue's matching contributions typically follows a graded vesting schedule, meaning employees earn rights to the matching funds over a period of time.

Can I change my contribution amount to the TrueBlue 401(k) Savings Plan?

Yes, employees can change their contribution amounts to the TrueBlue 401(k) Savings Plan at any time, subject to certain limits.

What investment options are available in the TrueBlue 401(k) Savings Plan?

The TrueBlue 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How can I access my TrueBlue 401(k) account information?

Employees can access their TrueBlue 401(k) account information through the online portal provided by the plan administrator.

What happens to my TrueBlue 401(k) Savings Plan if I leave the company?

If you leave TrueBlue, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, leaving it in the TrueBlue plan, or cashing it out.

Are there any loans available through the TrueBlue 401(k) Savings Plan?

TrueBlue may allow participants to take loans against their 401(k) Savings Plan balance, subject to specific terms and conditions.

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

*Please see disclaimer for more information

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