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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 PPL 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 PPL 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 PPL 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 PPL offer to its employees?
PPL offers a 401(k) retirement savings plan to its employees.
How can PPL employees enroll in the 401(k) plan?
PPL employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What is the employer match policy for PPL's 401(k) plan?
PPL matches employee contributions up to a certain percentage, which is detailed in the plan documents provided to employees.
Are there any eligibility requirements for PPL employees to participate in the 401(k) plan?
Yes, PPL employees must meet specific eligibility criteria, such as length of service, as outlined in the plan documents.
What investment options are available in PPL's 401(k) plan?
PPL offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to tailor their investment strategy.
Can PPL employees take loans against their 401(k) savings?
Yes, PPL allows employees to take loans against their 401(k) savings, subject to certain terms and conditions.
What is the vesting schedule for PPL's 401(k) employer contributions?
PPL has a vesting schedule for employer contributions, which means employees earn rights to those contributions over time based on their years of service.
How often can PPL employees change their contribution amounts to the 401(k) plan?
PPL employees can change their contribution amounts at designated times throughout the year, typically during open enrollment periods.
What happens to my PPL 401(k) if I leave the company?
If you leave PPL, you have several options for your 401(k), including cashing it out, rolling it over to another retirement account, or leaving it with PPL.
Does PPL provide educational resources about the 401(k) plan?
Yes, PPL provides educational resources and workshops to help employees understand their 401(k) options and investment strategies.
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