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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 Verisk Analytics 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 Verisk Analytics 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 Verisk Analytics 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 Verisk Analytics?
The 401(k) plan at Verisk Analytics is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.
How can employees at Verisk Analytics enroll in the 401(k) plan?
Employees at Verisk Analytics can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does Verisk Analytics offer a company match for the 401(k) contributions?
Yes, Verisk Analytics offers a company match for employee contributions to the 401(k) plan, helping employees maximize their retirement savings.
What is the eligibility requirement for Verisk Analytics' 401(k) plan?
Employees at Verisk Analytics typically become eligible for the 401(k) plan after completing a specified period of service, as outlined in the employee handbook.
Can employees at Verisk Analytics change their contribution percentage to the 401(k) plan?
Yes, employees at Verisk Analytics can change their contribution percentage at any time, subject to the plan's guidelines.
What investment options are available in the Verisk Analytics 401(k) plan?
The 401(k) plan at Verisk Analytics offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for the company match in the Verisk Analytics 401(k) plan?
Yes, Verisk Analytics has a vesting schedule for the company match, which means employees must work for a certain period before they fully own the matched contributions.
How often can employees at Verisk Analytics review their 401(k) account statements?
Employees at Verisk Analytics can review their 401(k) account statements quarterly, and they can also access their account information online at any time.
What happens to the 401(k) plan if an employee leaves Verisk Analytics?
If an employee leaves Verisk Analytics, they can choose to roll over their 401(k) balance into another retirement account, cash out, or leave the funds in the Verisk Analytics plan, subject to the plan's rules.
Are there loans available against the 401(k) plan for employees of Verisk Analytics?
Yes, Verisk Analytics allows employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.
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