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What type of retirement plan does Moody's offer to its employees?
Moody's offers a 401(k) savings plan to help employees save for retirement.
How can employees enroll in Moody's 401(k) plan?
Employees can enroll in Moody's 401(k) plan through the company's benefits portal during the enrollment period.
Does Moody's match employee contributions to the 401(k) plan?
Yes, Moody's provides a matching contribution to employee 401(k) accounts, subject to certain limits.
What is the maximum contribution limit for Moody's 401(k) plan?
The maximum contribution limit for Moody's 401(k) plan is in line with IRS guidelines, which can change annually.
Can employees at Moody's take loans against their 401(k) savings?
Yes, Moody's allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in Moody's 401(k) plan?
Moody's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
How often can employees change their contribution amounts in Moody's 401(k) plan?
Employees can change their contribution amounts to Moody's 401(k) plan at any time, subject to plan rules.
What happens to my 401(k) savings if I leave Moody's?
If you leave Moody's, you can roll over your 401(k) savings into another qualified retirement account or leave it in the plan, depending on the balance.
Is there a vesting schedule for Moody's 401(k) matching contributions?
Yes, Moody's has a vesting schedule for matching contributions, which determines when employees fully own those funds.
Can employees at Moody's access their 401(k) savings before retirement?
Employees at Moody's may access their 401(k) savings before retirement under certain circumstances, such as financial hardship.