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Healthcare Provider Update: Provides health coverage through Credence Blue Cross Blue Shield, Aetna Dental, CVS Caremark, and EyeMed, with HDHP and HSA options 2. With ACA insurers requesting double-digit hikes, Atkores HDHP with HSA support offers a tax-advantaged, cost-effective alternative to marketplace plans. Click here to learn more
Are Atkore employees responsible for the damage caused by a tree on their property that hits their neighbor’s home or other insured structure, such as a garage or shed?
In most cases, the answer is “no.”
When such damage occurs to your neighbor’s home due to forces outside your control (e.g., weather events), your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a fallen down tree caused.
There is one exception, however.
If it is determined that the tree damage stems from your negligence (e.g., dead limbs that you refused to cut down, or you chose to trim your tree as a weekend project), then the neighbor’s insurer may come after you to recover their loss—a process called subrogation.¹
You may want to check your policy or speak to your insurance agent to ascertain if your homeowner's policy covers your liability in cases of negligence.
When Neighbors Sue
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Some neighbors may seek to bring legal action against you, though often that is unnecessary.
For those working at Atkore, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.
The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.
What is the Atkore 401(k) plan?
The Atkore 401(k) 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 basis.
How can Atkore employees enroll in the 401(k) plan?
Atkore employees can enroll in the 401(k) plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.
Does Atkore offer a company match for 401(k) contributions?
Yes, Atkore offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for Atkore’s 401(k) plan?
The maximum contribution limit for Atkore’s 401(k) plan is determined by the IRS guidelines, which are updated annually. Employees should check the latest limits for the current year.
Can Atkore employees change their contribution percentage to the 401(k) plan?
Yes, Atkore employees can change their contribution percentage at any time by accessing their account through the benefits portal.
What investment options are available in the Atkore 401(k) plan?
The Atkore 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 Atkore employees start withdrawing from their 401(k) plan?
Atkore employees can start withdrawing from their 401(k) plan without penalty after reaching the age of 59½, or under certain circumstances such as financial hardship.
Does Atkore allow loans against the 401(k) plan?
Yes, Atkore allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan documents.
Are there any fees associated with the Atkore 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Atkore 401(k) plan. Employees should review the plan documents for detailed information.
How often can Atkore employees change their investment options within the 401(k) plan?
Atkore employees can change their investment options within the 401(k) plan at any time, allowing for flexibility in managing their retirement savings.
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