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Empowering Women at Crown Castle International: 4 Essential Retirement Strategies to Consider

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Preparing for retirement at Crown Castle International can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.

These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put Crown Castle International employees ahead of the curve.

Talk about money. Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
Be proactive about your retirement after Crown Castle International. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Crown Castle International retirement accounts stand today? Being proactive with your Crown Castle International retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.

Make room for your future in your budget. Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.

Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.

Transamerica.com, 2021

GAO.gov, 2021

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What type of retirement savings plan does Crown Castle International offer to its employees?

Crown Castle International offers a 401(k) retirement savings plan to its employees.

Does Crown Castle International provide a company match for contributions to the 401(k) plan?

Yes, Crown Castle International provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

What is the eligibility requirement to participate in Crown Castle International's 401(k) plan?

Employees of Crown Castle International are generally eligible to participate in the 401(k) plan after completing a specified period of service.

Can employees of Crown Castle International change their contribution percentage to the 401(k) plan?

Yes, employees of Crown Castle International can change their contribution percentage to the 401(k) plan at designated times throughout the year.

What investment options are available in Crown Castle International's 401(k) plan?

Crown Castle International's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees of Crown Castle International make changes to their investment allocations in the 401(k) plan?

Employees of Crown Castle International can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

Is there a vesting schedule for the company match in Crown Castle International's 401(k) plan?

Yes, Crown Castle International has a vesting schedule for the company match, which determines how much of the matching contributions employees are entitled to based on their years of service.

What is the maximum contribution limit for Crown Castle International's 401(k) plan?

The maximum contribution limit for Crown Castle International's 401(k) plan is set according to IRS guidelines, which can change annually.

Does Crown Castle International allow employees to take loans against their 401(k) savings?

Yes, Crown Castle International allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to an employee's 401(k) balance if they leave Crown Castle International?

If an employee leaves Crown Castle International, they have several options regarding their 401(k) balance, including rolling it over to another retirement account, cashing it out, or leaving it in the Crown Castle International plan if eligible.

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

Crown Castle International announced a restructuring plan which includes reducing its workforce by 10% to streamline operations and cut costs. They also introduced changes to their employee benefits, including modifications to their 401(k) match program. Additionally, the company is adjusting its pension plan to better align with current financial conditions.

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For more information you can reach the plan administrator for Crown Castle International at 1220 Augusta Dr. Houston, TX 77057; or by calling them at 713-570-3000.