New Update: Rising Oil Costs are Affecting Retirement Plans. Will you be impacted?
Company:
Rogers Corporation
Plan Administrator:
2225 w chandler blvd
Chandler, AZ
85224
480-917-6000
It’s been more than two years of on-again, off-again work in the office, and as someone who has been on both sides of the Zoom, the solution is clear: don’t force employees into the office if they don’t want to be there.
Remote Control
Many leaders across the spectrum are facing the question about when, and if, to bring their teams back into the office. While you will hear arguments that support both sides of the debate, there are no stats that support creating a work environment filled with dissatisfied workers.
At TheSoul Publishing, we’ve been 80% remote for more than five years. That headstart gave our growing digital studio an incredible runway to learn the dos and the don’ts of making a remote work environment work efficiently. Many of our team members work in creative roles, and they benefit from non-traditional work hours. Our team never knows when and how they will be inspired to create the next viral video, and our remote setup enables that flexibility.
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But it’s not just creatively focused team members who benefit from an efficient remote setup. Colleagues from across the spectrum, whether it’s IT, finance, or Human Resources have seen the benefits of working from home.
Flexible Schedules
One team member needs to get his kids to school in the morning but loves burning the midnight oil. Another prefers an early start, and an early finish to her day. One of my team members even prefers to take an hour or two in the middle of the day to step away and refocus. When you’re working remotely, all of these schedules are not only possible, but actually can be more productive for the team as a whole.
But effective remote working doesn’t happen on its own. The system needs to be carefully considered and constructed with particular business needs in mind. First and foremost is setting up a clear and effective system for communications and project management.
Asynchronous Communications
When you’re in the office and your teammate comes to your desk and asks you a question, you most likely stop what you’re doing and do your best to answer the question. While this may be efficient for the person asking the question, it’s more than likely not the best process for the person answering. On the flip side, asynchronous communication has proven to be an incredibly effective way for businesses to operate. Instead of your colleague getting instant answers, he instead uses your project management system to pose the question. If it’s urgent, he can make the deadline ASAP, whereas if the answer can come in a few days, the deadline can be delayed.
When a question is attached to the project, it also enables both parties to have full transparency into all of the details, often answering questions before they’re asked. Also, it means the person being asked a question can answer at a time that is best for them, rather than when they are in the middle of a project.
Asynchronous communications also enable companies to schedule fewer meetings and eliminates the need for internal email. It’s worked well for TheSoul, which has a no meetings/no internal email policy. Projects move forward on schedule as expectations are clearly laid out, with contributors having access to their teammates’ tasks to better understand status and progress.
While having a live chat tool at the disposal of your team is useful, there isn’t an expectation that a message will be immediately responded to. This allows everyone to focus on the task at hand and prioritize their time as they see fit. If the team is aligned on the desired outcome, it’s a superior method to accomplishing goals...
As you plan your financial future, understanding the full scope of Rogers Corporation's retirement benefits gives you the strongest foundation. It is important to note that Rogers Corporation maintains a defined benefit pension plan that has been frozen to new benefit accruals -- meaning the plan no longer accumulates future benefits for most employees, but those who were already vested may still be entitled to receive the pension benefit they accrued prior to the freeze, subject to the vesting requirements described in their plan documents, which means the plan no longer accumulates future benefits for most employees, but those who were already vested may still be entitled to receive the pension benefit they accrued prior to the freeze, subject to the vesting requirements described in their plan documents - this means the plan no longer accumulates future benefits for most employees, but those who were already vested may still be entitled to receive the pension benefit they accrued prior to the freeze, subject to the vesting requirements described in their plan documents, which means the plan no longer accumulates future benefits for most employees, but those who were already vested may still be entitled to receive the pension benefit they accrued prior to the freeze, subject to the vesting requirements described in their plan documents. Rogers Corporation also offers retiree healthcare benefits to eligible employees, which can provide meaningful coverage for those who retire before reaching Medicare eligibility at age 65. Rogers Corporation's 401(k) plan includes employer matching contributions of 100% on first 1% of salary + 50% on next 5% of salary (3.5% total, RESIP 401k plan), subject to plan terms. Bringing every piece of your Rogers Corporation benefits together inside a single retirement income framework is the surest way to see the full picture.
Source:Â HR Daily Advisor
What type of retirement plan does Rogers Corporation offer to its employees?
Rogers Corporation offers a 401(k) retirement savings plan to its employees.
How can employees of Rogers Corporation enroll in the 401(k) plan?
Employees of Rogers Corporation can enroll in the 401(k) plan by completing the enrollment form available through the HR department or the company's benefits portal.
Does Rogers Corporation match employee contributions to the 401(k) plan?
Yes, Rogers Corporation offers a matching contribution to employee 401(k) contributions, subject to certain limits.
What is the maximum contribution limit for the Rogers Corporation 401(k) plan?
The maximum contribution limit for the Rogers Corporation 401(k) plan is in accordance with IRS guidelines, which may change annually.
When can employees of Rogers Corporation start contributing to their 401(k) plan?
Employees of Rogers Corporation can start contributing to their 401(k) plan after completing their eligibility period, which is typically outlined in the employee handbook.
Are there any fees associated with the Rogers Corporation 401(k) plan?
Yes, there may be administrative fees associated with the Rogers Corporation 401(k) plan, which are disclosed in the plan documents.
What investment options are available in the Rogers Corporation 401(k) plan?
The Rogers Corporation 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees take loans against their 401(k) savings at Rogers Corporation?
Yes, employees of Rogers Corporation may be eligible to take loans against their 401(k) savings, subject to the plans terms and conditions.
What happens to my Rogers Corporation 401(k) if I leave the company?
If you leave Rogers Corporation, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Rogers Corporation plan if allowed.
How often can employees change their contribution amounts to the Rogers Corporation 401(k) plan?
Employees of Rogers Corporation can change their contribution amounts during designated enrollment periods or as specified in the plan guidelines.
For more information you can reach the plan administrator for Rogers Corporation at 2225 w chandler blvd Chandler, AZ 85224; or by calling them at 480-917-6000.
https://www.rogerscorp.com/documents/pension-plan-2022.pdf - Page 5 https://www.rogerscorp.com/documents/pension-plan-2023.pdf - Page 12 https://www.rogerscorp.com/documents/pension-plan-2024.pdf - Page 15 https://www.rogerscorp.com/documents/401k-plan-2022.pdf - Page 8 https://www.rogerscorp.com/documents/401k-plan-2023.pdf - Page 22 https://www.rogerscorp.com/documents/401k-plan-2024.pdf - Page 28 https://www.rogerscorp.com/documents/rsu-plan-2022.pdf - Page 20 https://www.rogerscorp.com/documents/rsu-plan-2023.pdf - Page 14 https://www.rogerscorp.com/documents/rsu-plan-2024.pdf - Page 17 https://www.rogerscorp.com/documents/healthcare-plan-2022.pdf - Page 23
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