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Healthcare Provider Update: Williams provides medical coverage through UnitedHealthcare, including preventive care, chronic condition support, and fertility services. Employees also receive HSA contributions and access to FSAs 4. As ACA premiums surge, Williamss consumer-driven plans and wellness incentives offer a strong buffer against rising healthcare expenses. 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 Williams 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 Williams 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 Williams 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 types of retirement savings plans does Williams offer to its employees?
Williams offers a 401(k) retirement savings plan to help employees save for their future.
Does Williams match employee contributions to the 401(k) plan?
Yes, Williams provides a matching contribution to employee 401(k) plans, which enhances the overall savings potential.
What is the eligibility requirement for employees to participate in the Williams 401(k) plan?
Employees are typically eligible to participate in the Williams 401(k) plan after completing a specified period of employment, usually within the first year.
How can employees at Williams enroll in the 401(k) plan?
Employees can enroll in the Williams 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in the Williams 401(k) plan?
Williams offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.
How often can employees at Williams change their 401(k) contribution amount?
Employees at Williams can change their 401(k) contribution amount at any time, subject to plan guidelines.
Is there a vesting schedule for the employer match in the Williams 401(k) plan?
Yes, Williams has a vesting schedule for the employer match, which means employees must work for a certain period before they fully own the matched contributions.
Can employees take loans against their 401(k) balance at Williams?
Yes, employees at Williams may have the option to take loans against their 401(k) balance, subject to specific terms and conditions.
What happens to the 401(k) plan if an employee leaves Williams?
If an employee leaves Williams, they can either roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the Williams plan if permitted.
Does Williams provide financial education resources for employees regarding the 401(k) plan?
Yes, Williams offers financial education resources and workshops to help employees make informed decisions about their 401(k) savings.
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