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It doesn’t take a degree in finance to see the cost of college continues to rise.
In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.
For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our Activision Blizzard clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.
For Activision Blizzard employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.
For Activision Blizzard employees who already put money away for college, the worksheet will take that amount into consideration. For Activision Blizzard employees who haven’t, it’s never too late to start.
Resources
There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these Activision Blizzard employees to consider reviewing:
www.studentaid.ed.gov
The government’s college and financial aid portal.
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www.collegeboard.org
The group that administers the SAT test.
Estimating the Cost of College
What type of retirement savings plan does Activision Blizzard offer to its employees?
Activision Blizzard offers a 401(k) retirement savings plan to help employees save for their future.
Does Activision Blizzard match employee contributions to the 401(k) plan?
Yes, Activision Blizzard provides a matching contribution to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for the Activision Blizzard 401(k) plan?
The contribution limit for the Activision Blizzard 401(k) plan is aligned with the IRS limits, which may change annually.
Can employees of Activision Blizzard choose their investment options within the 401(k) plan?
Yes, employees at Activision Blizzard can select from a variety of investment options within the 401(k) plan.
When can employees of Activision Blizzard start contributing to the 401(k) plan?
Employees of Activision Blizzard can begin contributing to the 401(k) plan after completing their eligibility requirements.
Is there a vesting schedule for the matching contributions made by Activision Blizzard?
Yes, Activision Blizzard has a vesting schedule for matching contributions, which determines when employees fully own those funds.
How can Activision Blizzard employees access their 401(k) account information?
Employees can access their 401(k) account information through the designated online portal provided by Activision Blizzard's plan administrator.
What happens to my 401(k) plan if I leave Activision Blizzard?
If you leave Activision Blizzard, you have several options for your 401(k) plan, including rolling it over to another retirement account or leaving it with Activision Blizzard.
Can employees take loans against their 401(k) balance at Activision Blizzard?
Yes, Activision Blizzard allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.
Are there any penalties for withdrawing funds from the Activision Blizzard 401(k) plan before retirement age?
Yes, early withdrawals from the Activision Blizzard 401(k) plan may incur penalties and taxes unless specific conditions are met.