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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 American National Group 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 American National Group 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.
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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 American National Group employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.
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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 type of retirement savings plan does American National Group offer to its employees?
American National Group offers a 401(k) retirement savings plan to its employees.
How can employees of American National Group enroll in the 401(k) plan?
Employees of American National Group can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does American National Group provide matching contributions to the 401(k) plan?
Yes, American National Group provides matching contributions to the 401(k) plan, subject to certain eligibility criteria.
What is the vesting schedule for employer contributions at American National Group?
The vesting schedule for employer contributions at American National Group typically follows a graded vesting schedule, which means employees earn ownership of the contributions over a period of time.
Can employees take loans against their 401(k) plans at American National Group?
Yes, employees may have the option to take loans against their 401(k) plans at American National Group, subject to the plan's terms and conditions.
What investment options are available in the American National Group 401(k) plan?
The American National Group 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can employees change their contribution amounts to the 401(k) plan at American National Group?
Employees at American National Group can typically change their contribution amounts on a quarterly basis or as specified in the plan documents.
What is the minimum contribution percentage required for the 401(k) plan at American National Group?
The minimum contribution percentage for the 401(k) plan at American National Group is usually outlined in the plan documents, often starting at 1% or 2%.
Does American National Group allow employees to make catch-up contributions to their 401(k) plans?
Yes, American National Group allows eligible employees aged 50 and older to make catch-up contributions to their 401(k) plans.
What happens to an employee's 401(k) balance if they leave American National Group?
If an employee leaves American National Group, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the plan if allowed.
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