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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 Elanco Animal Health 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 Elanco Animal Health 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 Elanco Animal Health 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 is the 401(k) plan offered by Elanco Animal Health?
The 401(k) plan at Elanco Animal Health is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does Elanco Animal Health offer matching contributions to the 401(k) plan?
Yes, Elanco Animal Health offers matching contributions to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees enroll in the 401(k) plan at Elanco Animal Health?
Employees can enroll in the 401(k) plan at Elanco Animal Health through the company’s benefits portal during the enrollment period or after a qualifying event.
What are the eligibility requirements for the 401(k) plan at Elanco Animal Health?
To be eligible for the 401(k) plan at Elanco Animal Health, employees typically need to meet certain criteria, such as age and length of service.
Can employees take loans against their 401(k) at Elanco Animal Health?
Yes, Elanco Animal Health allows employees to take loans against their 401(k) balance under certain conditions.
What investment options are available in the Elanco Animal Health 401(k) plan?
The 401(k) plan at Elanco Animal Health offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to customize their investment strategy.
How often can employees change their contribution percentage to the Elanco Animal Health 401(k) plan?
Employees at Elanco Animal Health can change their contribution percentage to the 401(k) plan at any time, subject to company policies.
Is there a vesting schedule for the matching contributions at Elanco Animal Health?
Yes, Elanco Animal Health has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own the matching funds.
What happens to an employee's 401(k) account if they leave Elanco Animal Health?
If an employee leaves Elanco Animal Health, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Elanco plan if eligible.
Are there any fees associated with the Elanco Animal Health 401(k) plan?
Yes, there may be administrative fees associated with the Elanco Animal Health 401(k) plan, which are disclosed in the plan documents.
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