/General/General%206.png?width=1280&height=853&name=General%206.png)
Healthcare Provider Update: Offers health, dental, vision, life insurance, disability coverage, FSAs, HSAs, 401(k) with match, and wellness programs. Also includes legal services and education assistance. As ACA premiums rise, AESs flexible plan options and employer-sponsored coverage help employees avoid the financial burden of marketplace plans. Click here to learn more
The world of investing is very subjective--the investment plan that’s right for you depends largely upon the level of comfort that you have when it comes to risk. We'd like our clients from AES to remember that you can’t completely avoid risk when it comes to investing, but it's possible for you to manage it.
There are two aspects of risk tolerance for AES employees to consider: (1) the capacity of your investment plan itself to absorb losses, and (2) how comfortable you are personally with risk. The first aspect can be quantified--the more flexibility your investment plan has when it comes to potential loss, the more risk your plan can tolerate. For example, as we’ve discussed, a long investment time horizon may allow you to take on more risk than a short time horizon.
| 'You can’t completely avoid risk when it comes to investing, but it is possible for you to manage it..' |
|
The second aspect, how comfortable you are personally with risk, is more of an emotional measure, and depends on many factors, including your objectives, life stage, personality, and investment experience. Some investors are comfortable with a high degree of risk, while others can tolerate only minimal risk. Individual risk tolerance is an important factor for AES employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
Investors are typically grouped into three categories for purposes of discussing risk tolerance: aggressive (those who have a high degree of risk tolerance); moderate (those willing to accept some degree of risk), and conservative (those who are risk averse).
What is the AES 401(k) Savings Plan?
The AES 401(k) Savings Plan is a retirement savings plan that allows AES employees to save a portion of their salary on a pre-tax or Roth after-tax basis.
How does the AES 401(k) plan work?
Employees can contribute a percentage of their salary to the AES 401(k) plan, and AES may match a portion of those contributions, helping employees grow their retirement savings.
What is the maximum contribution limit for the AES 401(k) plan?
The maximum contribution limit for the AES 401(k) plan is determined by the IRS and may change annually. Employees should check the latest IRS guidelines for the current limit.
Does AES offer matching contributions to the 401(k) plan?
Yes, AES offers matching contributions to the 401(k) plan, which can help employees increase their retirement savings.
When can I enroll in the AES 401(k) Savings Plan?
Employees can typically enroll in the AES 401(k) Savings Plan during the initial onboarding process or during the annual open enrollment period.
How do I change my contribution percentage for the AES 401(k) plan?
You can change your contribution percentage for the AES 401(k) plan by accessing the employee benefits portal or contacting the HR department for assistance.
What investment options are available in the AES 401(k) plan?
The AES 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles, allowing employees to choose based on their risk tolerance.
Can I take a loan from my AES 401(k) plan?
Yes, AES allows employees to take loans from their 401(k) accounts under certain conditions. Employees should review the plan's loan policy for details.
What happens to my AES 401(k) if I leave the company?
If you leave AES, you have several options regarding your 401(k), including rolling it over to an IRA or a new employer’s plan, cashing it out, or leaving it in the AES plan if permitted.
Is there a vesting schedule for AES's matching contributions?
Yes, AES has a vesting schedule for matching contributions, meaning you must work for a certain period before you fully own the employer contributions made to your account.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)