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Understanding Risk Tolerance: A Guide for SiteOne Landscape Supply Employees Navigating Retirement Changes

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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 SiteOne Landscape 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 SiteOne Landscape 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 SiteOne Landscape 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 is the 401(k) plan offered by SiteOne Landscape Supply?

The 401(k) plan at SiteOne Landscape Supply is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can employees at SiteOne Landscape Supply enroll in the 401(k) plan?

Employees can enroll in the 401(k) plan by completing the enrollment form available on the SiteOne Landscape Supply employee portal or by contacting the HR department for assistance.

Does SiteOne Landscape Supply offer any matching contributions to the 401(k) plan?

Yes, SiteOne Landscape Supply offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.

What is the vesting schedule for the 401(k) matching contributions at SiteOne Landscape Supply?

The vesting schedule for matching contributions at SiteOne Landscape Supply typically follows a graded vesting schedule, where employees earn ownership of the match over a period of time.

Can employees at SiteOne Landscape Supply take loans against their 401(k) savings?

Yes, SiteOne Landscape Supply allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan documents.

What investment options are available in the SiteOne Landscape Supply 401(k) plan?

The SiteOne Landscape Supply 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Is there a minimum contribution requirement for the 401(k) plan at SiteOne Landscape Supply?

Yes, SiteOne Landscape Supply has a minimum contribution requirement for employees who wish to participate in the 401(k) plan, which is detailed in the plan documents.

How often can employees at SiteOne Landscape Supply change their 401(k) contribution percentage?

Employees at SiteOne Landscape Supply can change their 401(k) contribution percentage at any time, subject to the plan's rules regarding frequency and notice.

What happens to the 401(k) plan if an employee leaves SiteOne Landscape Supply?

If an employee leaves SiteOne Landscape Supply, they have several options for their 401(k) savings, including rolling over the balance to another retirement account, cashing out, or leaving the funds in the SiteOne plan if eligible.

Does SiteOne Landscape Supply provide educational resources for employees regarding their 401(k) plan?

Yes, SiteOne Landscape Supply offers educational resources and workshops to help employees understand their 401(k) plan options and make informed investment decisions.