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

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Healthcare Provider Update: Offers a range of medical plans including Bronze, Silver, and Gold tiers, with dental and vision options and HSA eligibility 3. As ACA subsidies phase out, Veritivs tiered plan structure allows employees to select coverage that aligns with their financial and health needs, helping avoid steep marketplace costs. Click here to learn more

As a Veritiv 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 Veritiv 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 Veritiv 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 type of retirement savings plan does Veritiv offer to its employees?

Veritiv offers a 401(k) retirement savings plan to help employees save for their future.

Does Veritiv match employee contributions to the 401(k) plan?

Yes, Veritiv provides a matching contribution to the 401(k) plan, helping employees maximize their retirement savings.

What is the eligibility requirement for Veritiv employees to participate in the 401(k) plan?

Employees at Veritiv are eligible to participate in the 401(k) plan after completing a specified period of service, typically within their first year of employment.

How can Veritiv employees enroll in the 401(k) plan?

Veritiv employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What investment options are available in Veritiv's 401(k) plan?

Veritiv's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, to suit different risk tolerances and investment goals.

Can Veritiv employees change their contribution percentage to the 401(k) plan?

Yes, Veritiv employees can change their contribution percentage at any time, allowing them to adjust their savings based on their financial situation.

What is the maximum contribution limit for Veritiv's 401(k) plan?

The maximum contribution limit for Veritiv's 401(k) plan is in line with IRS guidelines, which may change annually. Employees should check the current limit for the year.

Does Veritiv allow for catch-up contributions in the 401(k) plan?

Yes, Veritiv allows employees aged 50 and older to make catch-up contributions to their 401(k) plan, enabling them to save more for retirement.

What happens to the 401(k) savings if a Veritiv employee leaves the company?

If a Veritiv employee leaves the company, they have several options for their 401(k) savings, including rolling it over to an IRA or a new employer's plan, or cashing it out.

Are there any fees associated with Veritiv's 401(k) plan?

Yes, Veritiv's 401(k) plan may have administrative and investment fees, which are disclosed in the plan's summary documents.

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

*Please see disclaimer for more information

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