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Seven Financial Books EnLink Midstream Employees Must Read

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Healthcare Provider Update: Healthcare Provider for EnLink Midstream: EnLink Midstream primarily collaborates with health insurance providers to manage employee health benefits; however, specific healthcare providers associated with EnLink Midstream aren't publicly detailed in available resources. Potential Healthcare Cost Increases for EnLink Midstream in 2026: As we look towards 2026, EnLink Midstream could face significant increases in healthcare costs driven by a perfect storm of economic factors. Affordability concerns are amplified by anticipated record hikes in ACA premiums, with some states seeing increases over 60%. The potential expiration of enhanced federal premium subsidies may push out-of-pocket expenses for employees, causing premiums to rise by over 75% for many. This combination of escalating medical costs and regulatory changes could strain both company resources and employee health benefits, necessitating strategic adjustments in how EnLink approaches healthcare coverage. Click here to learn more

Navigating the multitude of options available to secure a financially stable future can often feel overwhelming when it comes to personal finance. There are many options and complicated advice available when deciding whether to concentrate on paying off debt, making prudent investments, or increasing income. However, it is possible to become financially independent, as many professionals who have written enlightening books to assist people in this process have attested.

In an effort to simplify this extensive collection of resources, the esteemed Kiplinger Advisor Collective—one of the top organizations in the personal finance space—has selected seven exceptional books that offer priceless financial management guidance.  These choices are tools for changing your financial perspective and behavior, not just books.

Napoleon Hill's 'Think and Grow Rich'

'Think and Grow Rich,' a famous book by Napoleon Hill, is highly regarded as a success guide. It shows that financial success is achievable with a strong belief in one's objectives, a well-thought-out plan, unrelenting pursuit, and teamwork. Dennis Futch of The Tax Shop said that one of the main tenets of Hill's teachings is this idea of self-belief and perseverance, citing the book as a crucial resource from his high school years. EnLink Midstream employees can find great value in Hill's principles, applying them to both personal and professional goals.

William D. Danko and Thomas J. Stanley's 'The Millionaire Next Door'

This book explores the behaviors of those who have subtly amassed riches. It highlights ideas like the importance of compound interest and living within or below one's means. According to Dennis McNamara of wHealth Advisors, the book changed his perspective on wealth and gave hope that anyone from a low-income background might achieve the dream of becoming a millionaire. EnLink Midstream employees can draw inspiration from these strategies to enhance their financial stability.

'Your Money Vehicle: How to Begin Driving to Financial Freedom!' by Collins Jedidiah

The work of Jedidiah Collins focuses on financial literacy, an important but sometimes disregarded facet of education. The goal of his book and the instructional program that goes along with it, Money Vehicle, which has been embraced by schools in more than 20 states, is to give young people the fundamental money skills they will need as adults. Lifestyle Investor Justin Donald supports this strategy, emphasizing its immediate advantages and useful uses. EnLink Midstream employees, particularly those with children, can benefit from the principles taught in this book.

George S. Clason's 'The Richest Man in Babylon'

The everlasting financial lessons found in George S. Clason's book are told through ancient Babylonian parables. It is praised for its simple financial guidance that holds true both now and in the past. This book, according to Wasabi Technologies' Amrita Choudhary, has had a significant influence. She notes that its ideas may be immediately implemented to achieve wealth and financial stability on an individual basis. EnLink Midstream employees can utilize these timeless principles to secure their financial futures.

Dave Ramsey's 'The Total Money Makeover'

Dave Ramsey's strategy starts with debt removal and consists of a number of doable actions leading up to financial recovery. 'The Total Money Makeover' presents a methodical approach to financial planning that prioritizes behavioral modification above intricate financial strategies. This book is recommended by Black Briar Advisors' Stephen Nalley for individuals looking for a disciplined route to financial freedom. EnLink Midstream employees looking to eliminate debt and achieve financial independence will find this book particularly useful.

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Richard Carlson's 'Don't Sweat the Small Stuff...and It's All Small Stuff'

Richard Carlson's book conveys a philosophy that can have a significant influence on financial decision-making, even if it is not solely about money. It shows how important it is to keep your attention on the important things and not get too worked up over little things. Bob Chitrathorn, of Simplified Wealth Management's Wealth Planning division, values the life lessons that extend to personal money. EnLink Midstream employees can benefit from Carlson's advice to maintain focus on their long-term financial goals.

Robert Kiyosaki's 'Rich Dad Poor Dad'

In his books, Robert Kiyosaki promotes financial wisdom and the purchase of income-producing assets rather than frivolous expenditures. Even if he doesn't share all of Kiyosaki's viewpoints, Zain Jaffer of Zain Ventures values his honest analysis on the responsible use of debt. EnLink Midstream employees can apply Kiyosaki's lessons on investing and asset management to grow their wealth.

From strategic planning and investment to comprehending the psychological aspects of money management, each of these books presents a different perspective on personal finance. These books offer a strong basis for anyone, including EnLink Midstream employees, wishing to improve their financial plan to build a thorough understanding of how to obtain and preserve financial independence.

The significance of estate planning in financial literacy is growing, according to recent studies, especially for people who are nearing or have already reached retirement. In 2022, the American Association of Retired Persons (AARP) conducted a survey which revealed that while more than 60% of Americans over 50 acknowledge the need of estate planning, fewer than half have revised their wills or estate plans during the previous five years. This highlights a significant void in financial literacy, which these suggested books somewhat fill by encouraging an all-encompassing method of shielding and preserving one's financial legacy.

It would be as difficult to navigate a wide ocean without a chart or compass as it would be to manage your financial destiny without assistance. Like diverse navigational instruments on a ship, the books suggested by the Kiplinger Advisor Collective serve as your navigational tools, each providing unique insights and techniques. With 'Think and Grow Rich' acting as your sextant, helping you visualize and work toward your goals, and 'The Total Money Makeover' acting as your solid helm, guiding you through the rough seas of debt, these books provide you the tools you need to set a course for prosperity and financial security when you're retired.

EnLink Midstream employees can greatly benefit from the wisdom contained in these books. By integrating their insights into your financial planning, you can steer your financial ship towards a secure and prosperous future. Whether you're just starting your career at EnLink Midstream or approaching retirement, these resources will help you navigate your financial journey with confidence and clarity.

What is the primary purpose of the 401(k) plan at EnLink Midstream?

The primary purpose of the 401(k) plan at EnLink Midstream is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.

How can employees enroll in the 401(k) plan at EnLink Midstream?

Employees can enroll in the 401(k) plan at EnLink Midstream by accessing the enrollment portal through the company's HR website or by contacting the HR department for assistance.

Does EnLink Midstream offer a company match for 401(k) contributions?

Yes, EnLink Midstream offers a company match for employee contributions to the 401(k) plan, which helps employees increase their retirement savings.

What types of investment options are available in EnLink Midstream's 401(k) plan?

EnLink Midstream's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

When can employees start contributing to the 401(k) plan at EnLink Midstream?

Employees at EnLink Midstream can start contributing to the 401(k) plan after they have completed their eligibility requirements, typically within their first few months of employment.

What is the maximum contribution limit for the 401(k) plan at EnLink Midstream?

The maximum contribution limit for the 401(k) plan at EnLink Midstream follows the IRS guidelines, which may change annually. Employees should check the current limits for the specific year.

Can employees take loans against their 401(k) balance at EnLink Midstream?

Yes, EnLink Midstream allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

What happens to an employee's 401(k) balance if they leave EnLink Midstream?

If an employee leaves EnLink Midstream, they can choose to roll over their 401(k) balance to another retirement account, cash it out (which may incur penalties), or leave it in the EnLink Midstream plan if allowed.

Is there a vesting schedule for the company match in EnLink Midstream's 401(k) plan?

Yes, EnLink Midstream has a vesting schedule for the company match, meaning employees must work for a certain period before they fully own the matched contributions.

How often can employees change their contribution amounts in EnLink Midstream's 401(k) plan?

Employees at EnLink Midstream can typically change their contribution amounts at any time, subject to the plan's guidelines.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Eastman Chemical offers a comprehensive 401(k) plan that includes both traditional and Roth options. Employees at Eastman Chemical are automatically enrolled with a 7% deferral rate, with an annual "Auto Increase" feature that raises this rate by 1% each year until it reaches 10%. The company matches 50% of employee contributions up to 7%. Additionally, Eastman Chemical contributes a Retirement Savings Contribution (RSC), equivalent to 5% of the employee's RSC-eligible earnings, which is separate from employee contributions. Employees can further enhance their retirement savings through after-tax contributions, and they can utilize Roth in-plan conversions to potentially grow tax-free retirement income​ (MyEastmanBenefits)​ (MyEastmanBenefits). Eastman Chemical's pension plan is a defined benefit plan, where employees accrue benefits based on a combination of years of service and age qualification. However, specific details about the pension formula, years of service, and age qualification were not available in the sources consulted, and further document review would be necessary to obtain this data.
Restructuring and Layoffs: In 2023, EnLink Midstream announced a strategic restructuring aimed at optimizing operations and reducing costs. This included a reduction in workforce to streamline management and enhance operational efficiency. The company cited market conditions and operational challenges as reasons for these changes. The layoffs were part of a broader initiative to align resources with strategic priorities. Importance: Addressing this news is crucial given the current economic environment, where companies are under pressure to adapt to market fluctuations and regulatory changes. The impact of such restructuring on employees and stakeholders, especially in a volatile economic climate, underscores the importance of staying informed about these developments.
EnLink Midstream offers its employees various stock options and Restricted Stock Units (RSUs) as part of its executive compensation packages. The RSUs are awarded under the company's incentive plan, and eligibility extends to executives and key personnel who contribute to the company's growth​ (EnLink Midstream)​ (FinViz). EnLink Midstream employees receive these RSUs with vesting schedules typically tied to performance metrics and tenure within the company. Stock options are also available but are generally reserved for senior executives​ (EnLink Midstream)​ (EnLink Midstream). EnLink Midstream's stock options and RSUs play a crucial role in aligning employee incentives with shareholder value. The company expanded its RSU awards in 2022, 2023, and 2024 to support long-term employee retention and performance​ (EnLink Midstream)​ (Stock Analysis). Senior management and key employees are the primary recipients of these stock options, with vesting conditions tied to financial milestones such as EBITDA growth​
Benefits Overview: EnLink Midstream provides a comprehensive benefits package that includes medical, dental, and vision insurance. Employees can also access health savings accounts (HSAs), flexible spending accounts (FSAs), and various wellness programs. Healthcare Terms: HSA: Health Savings Account FSA: Flexible Spending Account EAP: Employee Assistance Program
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For more information you can reach the plan administrator for EnLink Midstream at 1722 Routh St, Suite 1300 Dallas, TX 75201; or by calling them at (214) 953-9500.

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