New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Understanding Risk Tolerance: A Guide for Beacon Roofing Supply Employees Navigating Retirement Changes

Healthcare Provider Update: Beacon Roofing Supply provides health insurance benefits to its employees through wellness-focused programs. The companys MotivateMe Wellness Program includes annual health assessments, health coaching, and online health management tools. Employees who participate may receive reduced insurance rates. Beacon emphasizes safety and well-being through workplace training and health resources 5. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. 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 Beacon Roofing Supply 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 Beacon Roofing Supply 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 Beacon Roofing Supply 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 Beacon Roofing Supply offer to its employees?

Beacon Roofing Supply offers a 401(k) retirement savings plan to help employees save for their future.

Does Beacon Roofing Supply match employee contributions to the 401(k) plan?

Yes, Beacon Roofing Supply provides a matching contribution to employee 401(k) contributions, subject to specific terms and conditions.

How can employees at Beacon Roofing Supply enroll in the 401(k) plan?

Employees can enroll in the 401(k) plan by completing the enrollment process through the company’s designated benefits portal.

What is the eligibility requirement for employees to participate in Beacon Roofing Supply's 401(k) plan?

Employees must meet specific eligibility criteria, such as age and length of service, to participate in the 401(k) plan at Beacon Roofing Supply.

What investment options are available in the Beacon Roofing Supply 401(k) plan?

The 401(k) plan at Beacon Roofing Supply offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can employees at Beacon Roofing Supply take loans against their 401(k) savings?

Yes, employees may have the option to take loans against their 401(k) savings at Beacon Roofing Supply, subject to the plan's rules.

How often can employees at Beacon Roofing Supply change their 401(k) contribution percentage?

Employees can typically change their 401(k) contribution percentage at any time, following the guidelines set by Beacon Roofing Supply.

What happens to an employee's 401(k) account if they leave Beacon Roofing Supply?

If an employee leaves Beacon Roofing Supply, they can choose to roll over their 401(k) balance to another retirement account or leave it in the plan, depending on the plan's provisions.

Is there a vesting schedule for the employer match in Beacon Roofing Supply's 401(k) plan?

Yes, Beacon Roofing Supply has a vesting schedule for employer matching contributions, which means employees must work for a certain period to fully own those contributions.

How can employees at Beacon Roofing Supply access their 401(k) account information?

Employees can access their 401(k) account information through the online benefits portal provided by Beacon Roofing Supply.

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

Beacon Roofing Supply announced a restructuring plan in 2024, involving significant layoffs across various departments. The company is also revising its benefits and pension plans to align with its cost-reduction strategies.

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For more information you can reach the plan administrator for Beacon Roofing Supply at 505 Huntmar Park Dr Herndon, VA 20170; or by calling them at +1 571-323-3939.