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

Discover the Top 5 Advantages of Continuing to Work in Retirement for Alpha Metallurgical Resources Employees

Healthcare Provider Update: Offers health insurance with no employee premium, plus dental, vision, and life insurance 7. As ACA subsidies expire, Alphas zero-premium coverage provides significant financial protection compared to rising marketplace costs. Click here to learn more

In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Alpha Metallurgical Resources.

1. Mental Benefits

Working during your Alpha Metallurgical Resources retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.

2.. Physical Benefits

Staying active during your Alpha Metallurgical Resources retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.

3. Financial Benefits

Besides the obvious extra income, working during your Alpha Metallurgical Resources retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.

4. Emotional Benefits

Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Alpha Metallurgical Resources.

Articles you may find interesting:

5. Social Benefits

One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.

Sources

1. AARP.org, February/March 2015

2. Forbes, 2017

3. Social Security Administration, 2017

4. Association for Psychological Science, 2017

What is the 401(k) plan offered by Alpha Metallurgical Resources?

The 401(k) plan at Alpha Metallurgical Resources is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

How can employees of Alpha Metallurgical Resources enroll in the 401(k) plan?

Employees of Alpha Metallurgical Resources can enroll in the 401(k) plan by completing the enrollment form available through the HR department or the employee portal.

What is the employer match for the 401(k) plan at Alpha Metallurgical Resources?

Alpha Metallurgical Resources offers a competitive employer match for the 401(k) plan, matching a percentage of employee contributions up to a certain limit, as specified in the plan documents.

When can employees of Alpha Metallurgical Resources start contributing to their 401(k) plan?

Employees of Alpha Metallurgical Resources can start contributing to their 401(k) plan as soon as they are eligible, which is typically after completing a specified period of service.

Are there any fees associated with the 401(k) plan at Alpha Metallurgical Resources?

Yes, there may be administrative fees associated with the 401(k) plan at Alpha Metallurgical Resources, which are outlined in the plan’s summary and can vary based on investment options.

What investment options are available in the Alpha Metallurgical Resources 401(k) plan?

The 401(k) plan at Alpha Metallurgical Resources offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

Can employees of Alpha Metallurgical Resources take loans against their 401(k) savings?

Yes, employees of Alpha Metallurgical Resources may have the option to take loans against their 401(k) savings, subject to the terms and conditions set forth in the plan.

What happens to the 401(k) plan if an employee leaves Alpha Metallurgical Resources?

If an employee leaves Alpha Metallurgical Resources, they have several options for their 401(k) savings, including rolling over the balance to a new employer’s plan or an IRA.

How often can employees change their contribution amounts to the 401(k) plan at Alpha Metallurgical Resources?

Employees of Alpha Metallurgical Resources can typically change their contribution amounts to the 401(k) plan at any time, subject to the plan’s guidelines.

Does Alpha Metallurgical Resources offer any educational resources for employees regarding the 401(k) plan?

Yes, Alpha Metallurgical Resources provides educational resources and workshops to help employees understand their 401(k) plan options and make informed investment decisions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Alpha Metallurgical Resources recently announced significant restructuring efforts that include layoffs impacting various departments. These changes are part of a broader strategy to streamline operations and reduce costs.

Additional Articles

Check Out Articles for Alpha Metallurgical Resources employees

For more information you can reach the plan administrator for Alpha Metallurgical Resources at 707 Virginia Street East, Suite 1400 Charleston, WV 25301; or by calling them at (304) 756-3300.