Are You an AT&T Employee / Retiree? Understanding and effectively leveraging Your Retirement Benefits Is Essential To Financial Security Safe Money Mindset has assisted hundreds of AT&T employees navigate their retirement benefits to pursue successful financial futures. Our aim is to assist with understanding pension options, 401(k) contributions, investments and social security benefits so that the most appropriate decisions can be made for Your specific situation.
AT&T provides its employees with various retirement vehicles, such as defined benefit and defined contribution pension plans, flexible spending accounts and health reimbursement accounts as well as investment options tailored specifically to the employee needs. AT&T also offers life insurance that offers basic and supplemental policies with eligibility determined by factors like age, employment classification and compensation levels.
AT & T Retirement Savings Plan The AT & T Retirement Savings Plan (ARSP) is an Employee Stock Ownership Plan that allows employees to save a portion of their wages tax-deferred and receive matching contributions from AT&T. ARSP assets are pooled with those from other AT&T sponsored employee benefit trusts to form the Group Trust, and allocated accordingly between individual plan trusts based on account balance within each investment fund option.
Employee contributions to an ARSP may be invested in stocks and mutual funds, with automatic asset allocation and rebalancing available as options. Employees also can access investment education materials and guidance through the Plan website as well as fee-based account management from a registered investment adviser.
The company also offers limited matching funds to certain participants of its ARSP. Furthermore, using its Group Trust as administrator of Employee Stock Ownership Plans (ESOPs), which are distinct pools of assets with specific investment goals and rules and limitations; unlike its general assets these do not fall under its responsibility nor can the company guarantee that investments within them will perform as intended.
At retirement, AT&T participants have the option of either taking their pension in one lump sum payment or monthly payout. Each option has its own set of advantages and disadvantages – such as guaranteed lifetime income without cost-of-living adjustments for monthly pensioners and greater control and potential market risk for lump sum holders; additionally pension benefits include survivor benefits.
Merit understands the complexities associated with AT&T retirement benefits can be an overwhelming task, which is why our team works directly with retirees to make sure they’re on a path towards financial security in retirement. Our experts can review your pension options, 401(k) balance, investments and social security benefits to develop an action plan designed to help reach your goals.