Congratulations! You have just graduated from college and are seeking your first full time position. Choosing your workplace investment choices to fund your retirement is essential to planning successfully for your future.
Research two potential full time employers and find out what options you will have to choose from based on their retirement plan. This can be an organization/company that you have been hired at, are currently interviewing at, or are just generally interested in working at after you complete your degree. If you do not have an idea of two potential employers, a list of four sample employers HR websites are included in D2L for you to use.
*Sometimes employers can be vague in what they provide to prospective employees. The information listed below contains the type of information you may find on a prospective employer website. However, sometime this information is not available or vague in its description. If this is the case, please state not available.
Complete the attached chart to analyze two future potential employers.
|
|
Employer #1
|
Employer #2
|
|
Name of Company and Company Website
|
|
|
|
Type of Retirement Plans
|
|
|
|
Employer Match? How much?
|
|
|
|
Vesting Requirements
|
|
|
|
Education/Support Services Available?
|
|
|
|
Who can participate?
|
|
|
|
Other Important Attributes
|
|
|
After completing the chart, provide your responses to the following questions.
- Analyze the retirement options that you chose. This analysis should include:
- Describe each of the employer plans identified above. Explain one main advantage and disadvantage of each plan.
- What, if any, investment choices were available for you within the retirement plan? How do you feel about the choices provided?
- Identify and explain which employer you felt offers the better retirement benefits. Why?
- If you could identify one lesson learned about retirement planning, what would it be? Why is this lesson important?