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 Quanta Services 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 Quanta Services 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 Quanta Services employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 Quanta Services?
The 401(k) plan offered by Quanta Services is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.
How can I enroll in the Quanta Services 401(k) plan?
Employees can enroll in the Quanta Services 401(k) plan during the initial enrollment period or during open enrollment periods by accessing the benefits portal.
Does Quanta Services match employee contributions to the 401(k) plan?
Yes, Quanta Services offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for the Quanta Services 401(k) plan?
The maximum contribution limit for the Quanta Services 401(k) plan follows the IRS guidelines, which may change annually. Employees should check the latest limits for the current year.
Can I take a loan against my 401(k) plan with Quanta Services?
Yes, Quanta Services allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.
What investment options are available in the Quanta Services 401(k) plan?
The Quanta Services 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.
How often can I change my contribution amount to the Quanta Services 401(k) plan?
Employees can change their contribution amounts to the Quanta Services 401(k) plan at any time, typically through the benefits portal or by contacting HR.
Is there a vesting schedule for the Quanta Services 401(k) matching contributions?
Yes, Quanta Services has a vesting schedule for matching contributions, which determines how much of the employer's contributions employees are entitled to based on their years of service.
What happens to my 401(k) plan if I leave Quanta Services?
If you leave Quanta Services, you have several options regarding your 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it with Quanta Services until you reach retirement age.
Can I access my 401(k) funds while still employed at Quanta Services?
Generally, employees cannot access their 401(k) funds while still employed at Quanta Services unless they meet specific hardship criteria.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)