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Navigating Inflation: Essential Insights for World Fuel Services Employees to Safeguard Their Retirement Plans

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Healthcare Provider Update: Offers medical, dental, vision, mental health, FSAs, and disability insurance, along with paid leave and tuition reimbursement 7. As ACA premiums increase, World Fuels employer-sponsored plans may offer more predictable costs and better coverage than individual marketplace options. Click here to learn more

As a World Fuel Services 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 World Fuel Services 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 World Fuel Services 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 World Fuel Services?

The 401(k) plan at World Fuel Services is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in the World Fuel Services 401(k) plan?

Employees can enroll in the World Fuel Services 401(k) plan by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

Does World Fuel Services match contributions to the 401(k) plan?

Yes, World Fuel Services offers a matching contribution to the 401(k) plan, helping employees maximize their retirement savings.

What is the vesting schedule for the World Fuel Services 401(k) matching contributions?

The vesting schedule for World Fuel Services' 401(k) matching contributions typically follows a graded vesting schedule over a period of years, which is outlined in the plan documents.

Can I change my contribution percentage to the World Fuel Services 401(k) plan?

Yes, employees can change their contribution percentage to the World Fuel Services 401(k) plan at any time by submitting a request through the HR portal.

What investment options are available in the World Fuel Services 401(k) plan?

The World Fuel Services 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

When can I start withdrawing from my World Fuel Services 401(k) plan?

Employees can typically start withdrawing from their World Fuel Services 401(k) plan without penalty at age 59½, subject to specific plan rules and regulations.

Are there any loans available against my World Fuel Services 401(k) plan?

Yes, World Fuel Services may allow employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.

What happens to my World Fuel Services 401(k) if I leave the company?

If you leave World Fuel Services, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the World Fuel Services plan if allowed.

How often can I make changes to my investment choices in the World Fuel Services 401(k) plan?

Employees can make changes to their investment choices in the World Fuel Services 401(k) plan on a regular basis, typically quarterly or as specified in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
World Fuel Services provides RSUs and stock options as part of their compensation packages.
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For more information you can reach the plan administrator for World Fuel Services at 9800 NW 41st St. Miami, FL 33178; or by calling them at 800-345-3818.

*Please see disclaimer for more information

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