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Altice USA Employees: Navigating the Rising Costs of College Tuition for Your Family

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Healthcare Provider Update: Altice USA offers comprehensive healthcare benefits including medical (with pharmacy), dental, and vision coverage, along with supplemental options like critical illness and hospital indemnity insurance 1. With ACA premiums expected to rise sharply in 2026, employeesespecially those nearing retirement or using marketplace plansare encouraged to compare employer-sponsored options and coordinate early with HR and a tax advisor to manage potential cost increases Click here to learn more

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 Altice USA 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 Altice USA 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 Altice USA employees who already put money away for college, the worksheet will take that amount into consideration. For Altice USA 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 Altice USA 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

Estimating the Cost of College

Estimating the Cost of College

What is the 401(k) plan offered by Altice USA?

The 401(k) plan offered by Altice USA is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in Altice USA's 401(k) plan?

Employees can enroll in Altice USA's 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.

Does Altice USA match contributions to the 401(k) plan?

Yes, Altice USA offers a matching contribution to the 401(k) plan, helping employees to maximize their retirement savings.

What is the maximum contribution limit for Altice USA's 401(k) plan?

The maximum contribution limit for Altice USA's 401(k) plan follows the IRS guidelines, which may change annually. Employees should check the latest limits for the current year.

When can I start withdrawing from my Altice USA 401(k) plan?

Employees can generally start withdrawing from their Altice USA 401(k) plan without penalties after reaching the age of 59½, though there are specific rules regarding hardship withdrawals.

Can I take a loan against my Altice USA 401(k) plan?

Yes, Altice USA allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.

What investment options are available in Altice USA's 401(k) plan?

Altice USA's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles, allowing employees to choose based on their risk tolerance and retirement goals.

How often can I change my contribution amount to Altice USA's 401(k) plan?

Employees can change their contribution amount to Altice USA's 401(k) plan at any time, subject to the plan's guidelines and payroll processing schedules.

Is there a vesting schedule for Altice USA's 401(k) matching contributions?

Yes, Altice USA has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period to fully own the matched funds.

How can I check my Altice USA 401(k) account balance?

Employees can check their Altice USA 401(k) account balance by logging into the benefits portal or contacting the plan administrator for assistance.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
In 2024, Altice USA announced a major restructuring plan, including significant layoffs and benefit reductions. The company is streamlining operations and focusing on improving profitability amidst rising operational costs.
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For more information you can reach the plan administrator for Altice USA at 1 Court Square, West Long Island City, NY 11101; or by calling them at (516) 803-2300.

*Please see disclaimer for more information

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