Discover the Top 5 Advantages of Continuing to Work in Retirement for Energy Transfer Employees

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 Energy Transfer.

1. Mental Benefits

Working during your Energy Transfer 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 Energy Transfer 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 Energy Transfer 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 Energy Transfer.

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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 primary purpose of Energy Transfer's 401(k) Savings Plan?

The primary purpose of Energy Transfer's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.

How can I enroll in Energy Transfer's 401(k) Savings Plan?

Employees can enroll in Energy Transfer's 401(k) Savings Plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.

Does Energy Transfer offer a company match for contributions to the 401(k) Savings Plan?

Yes, Energy Transfer offers a company match for employee contributions to the 401(k) Savings Plan, which enhances the overall retirement savings for employees.

What types of investment options are available in Energy Transfer's 401(k) Savings Plan?

Energy Transfer's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

Can I change my contribution amount to Energy Transfer's 401(k) Savings Plan at any time?

Yes, employees can change their contribution amount to Energy Transfer's 401(k) Savings Plan at any time, subject to any plan-specific guidelines.

What is the vesting schedule for the company match in Energy Transfer's 401(k) Savings Plan?

The vesting schedule for the company match in Energy Transfer's 401(k) Savings Plan may vary, but typically employees become fully vested after a certain number of years of service.

Are there any fees associated with Energy Transfer's 401(k) Savings Plan?

Yes, there may be administrative fees and investment-related fees associated with Energy Transfer's 401(k) Savings Plan, which are disclosed in the plan documents.

How can I access my account information for Energy Transfer's 401(k) Savings Plan?

Employees can access their account information for Energy Transfer's 401(k) Savings Plan through the plan's online portal or by contacting the plan administrator.

What happens to my 401(k) Savings Plan account if I leave Energy Transfer?

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

Can I take a loan from my 401(k) Savings Plan at Energy Transfer?

Yes, Energy Transfer's 401(k) Savings Plan may allow employees to take loans against their account balance, subject to specific terms and conditions.

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

Energy Transfer offers a 401(k) plan with company match and discretionary profit-sharing contributions. The plan includes various investment options and financial planning resources.

Energy Transfer offers RSUs to its executives and key employees. RSUs vest over multiple years, aligning employee interests with long-term company goals.

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For more information you can reach the plan administrator for Energy Transfer at 8111 Westchester Dr Dallas, TX 75225; or by calling them at (214) 981-0700.