/General/General%205.png?width=1280&height=853&name=General%205.png)
Healthcare Provider Update: Offers medical plans administered by Anthem Blue Cross and Blue Shield, with HSA options and wellness incentives 3. As ACA premiums increase, Spires employer contributions and preventive care tools help employees manage healthcare costs more effectively. 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 Spire 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 Spire 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 Spire 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 Spire?
The 401(k) plan at Spire is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does Spire offer a matching contribution for the 401(k) plan?
Yes, Spire offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
How can Spire employees enroll in the 401(k) plan?
Spire 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 eligibility requirement for Spire’s 401(k) plan?
To be eligible for Spire’s 401(k) plan, employees typically need to be full-time employees and meet a minimum service requirement.
What types of investment options are available in Spire’s 401(k) plan?
Spire’s 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.
Can Spire employees change their contribution percentage to the 401(k) plan?
Yes, Spire employees can change their contribution percentage at any time, subject to the plan’s guidelines.
What is the maximum contribution limit for Spire’s 401(k) plan?
The maximum contribution limit for Spire’s 401(k) plan is in accordance with IRS guidelines, which may change annually.
Does Spire allow for loans against the 401(k) plan?
Yes, Spire allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.
What happens to my 401(k) plan if I leave Spire?
If you leave Spire, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Spire plan if eligible.
How often can Spire employees review their 401(k) statements?
Spire employees can review their 401(k) statements quarterly, and they can also access their account online at any time.
-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)