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Healthcare Provider Update: Provides first-day medical coverage, FSAs, HSAs, and fertility benefits, with additional options like accident and hospital insurance 2. With ACA premiums projected to increase by 1518%, American Towers robust benefits help employees avoid steep out-of-pocket costs and maintain comprehensive coverage. 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 American Tower 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 Tower 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..' |
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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 Tower 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 plan does American Tower offer to its employees?
American Tower offers a 401(k) retirement savings plan to its employees.
How can employees of American Tower enroll in the 401(k) plan?
Employees of American Tower can enroll in the 401(k) plan through the company’s HR portal or by contacting the benefits department for assistance.
Does American Tower match employee contributions to the 401(k) plan?
Yes, American Tower provides a matching contribution to employee contributions made to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for the American Tower 401(k) plan?
The maximum contribution limit for the American Tower 401(k) plan is in accordance with IRS guidelines, which may change annually.
When can employees of American Tower start contributing to their 401(k) plan?
Employees of American Tower can start contributing to their 401(k) plan after completing their eligibility requirements, typically within the first few months of employment.
Are there any fees associated with the American Tower 401(k) plan?
Yes, the American Tower 401(k) plan may have administrative fees and investment fees, which are disclosed in the plan documents.
Can employees of American Tower take loans against their 401(k) savings?
Yes, employees of American Tower may have the option to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What investment options are available in the American Tower 401(k) plan?
The American Tower 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 amount in the American Tower 401(k) plan?
Employees of American Tower can typically change their contribution amount at any time, subject to the plan’s guidelines.
What happens to the 401(k) savings if an employee leaves American Tower?
If an employee leaves American Tower, they can choose to roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the American Tower plan if allowed.
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