New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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

Healthcare Provider Update: Healthcare Provider for EQT EQT's latest acquisition of CareNet, Japan's leading digital healthcare platform, illustrates its strategic interest in the healthcare sector. CareNet enhances EQT's presence within the Asia-Pacific healthcare technology landscape, focusing on integrating advanced data analytics and AI-driven solutions. Healthcare Cost Increases Expected in 2026 As the healthcare landscape evolves, significant cost increases loom for 2026. Record hikes in Affordable Care Act (ACA) premiums are anticipated, with some states seeing increases surpassing 60%. This surge is spurred by factors such as rising medical expenses and the potential expiration of federal premium subsidies, resulting in drastic out-of-pocket costs for many consumers-potentially up to 75%. With major insurers reporting substantial revenues, the pressure on enrollees intensifies, highlighting a critical juncture for managing healthcare finances. 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 EQT 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 EQT 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 EQT employees who already put money away for college, the worksheet will take that amount into consideration. For EQT 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 EQT employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.

Featured Video

Articles you may find interesting:

www.collegeboard.org
The group that administers the SAT test.

Estimating the Cost of College

Estimating the Cost of College

What is the purpose of EQT's 401(k) Savings Plan?

The purpose of EQT's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax or after-tax basis.

How can EQT employees enroll in the 401(k) Savings Plan?

EQT employees can enroll in the 401(k) Savings Plan by accessing the enrollment portal through the employee benefits website or by contacting the HR department for assistance.

What types of contributions can EQT employees make to their 401(k) account?

EQT employees can make pre-tax contributions, Roth (after-tax) contributions, and possibly catch-up contributions if they are age 50 or older.

Does EQT offer a company match on 401(k) contributions?

Yes, EQT offers a company match on employee contributions to the 401(k) Savings Plan, which helps employees grow their retirement savings.

What is the maximum contribution limit for EQT employees in the 401(k) Savings Plan?

The maximum contribution limit for EQT employees is determined by IRS guidelines, which may change annually. Employees should check the latest limits for the current year.

When can EQT employees start withdrawing funds from their 401(k) Savings Plan?

EQT employees can start withdrawing funds from their 401(k) Savings Plan without penalties at age 59½, though they may have options for loans or hardship withdrawals before that age.

Are there any fees associated with EQT's 401(k) Savings Plan?

Yes, EQT's 401(k) Savings Plan may have administrative fees and investment-related fees, which are disclosed in the plan documents provided to employees.

How often can EQT employees change their contribution amounts to the 401(k) Savings Plan?

EQT employees can change their contribution amounts to the 401(k) Savings Plan at any time, subject to the plan's rules and procedures.

Can EQT employees take loans against their 401(k) Savings Plan balance?

Yes, EQT allows employees to take loans against their 401(k) Savings Plan balance, subject to certain limits and repayment terms outlined in the plan.

What investment options are available in EQT's 401(k) Savings Plan?

EQT's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and possibly company stock, allowing employees to diversify their portfolios.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

EQT Corporation provides a comprehensive retirement plan for its employees, including a 401(k) plan and a defined benefit pension plan. The 401(k) plan is notable for offering up to a 9% employer contribution, which includes a 6% company contribution regardless of employee contributions, plus an additional 3% company match (50 cents to every dollar contributed by the employee). In 2023, EQT introduced a Roth 401(k) option to offer employees more flexibility and tax advantages in their retirement savings strategies. The defined benefit pension plan at EQT requires employees to meet specific years of service and age qualifications, though detailed specifics such as the pension formula and the exact name of the pension plan were not disclosed in the sources reviewed. However, EQT emphasizes its commitment to providing robust retirement benefits as part of its broader employee engagement and retention strategy. This plan is managed by an independent administrator who offers online resources and personalized advice to help employees navigate their retirement options.

Restructuring Layoffs and Operational Changes: In 2024, EQT Corporation announced significant restructuring efforts, including layoffs primarily resulting from their acquisition of Tug Hill and XcL Midstream. These efforts were part of a broader strategy to streamline operations and reduce costs. The company also adjusted its capital expenditures and production forecasts, emphasizing operational efficiency. Importance: It is crucial to address this news due to the current economic uncertainties, fluctuating investment environments, and evolving tax and political landscapes, which can significantly impact employee job security and financial planning.

Stock Options and RSUs at EQT: EQT Corporation offers its employees stock options under its Long-Term Incentive Plan (LTIP). These stock options are granted with a specific exercise price, typically equivalent to the market price on the grant date. Employees can exercise these options after a vesting period, usually over three years, allowing them to purchase company shares at the predetermined price. RSUs are also a significant component of EQT's compensation strategy. RSUs represent the right to receive shares upon vesting, usually over three years. They are awarded under EQT's equity-for-all program, which began in 2021, ensuring that all permanent employees are eligible for these equity awards. The fair market value of these RSUs is determined on the grant date, and the employees must remain with the company throughout the vesting period to receive the shares.

EQT Corporation offers a comprehensive set of health benefits designed to support its employees’ well-being, particularly through robust safety and wellness programs. The company has emphasized health and safety through extensive employee training and emergency preparedness initiatives, especially in high-risk areas like their field operations. Their training programs include safety protocols, proper use of personal protective equipment, and specific guidance on chemical handling, crucial for their operations in the oil and gas industry. EQT also provides a variety of health management programs that include wellness information and health education sessions conducted by medical professionals. These programs are part of their broader strategy to minimize health risks and enhance employee engagement, especially during the remote working conditions that many employees experienced in 2023. Additionally, EQT’s health benefits include support for employees nearing retirement, helping them transition smoothly by providing resources such as financial planning and retirement options, along with assistance in navigating the digital health insurance marketplace

Additional Articles

Check Out Articles for EQT employees

For more information you can reach the plan administrator for EQT at , ; or by calling them at .

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