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

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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 KKR 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 KKR 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 KKR employees who already put money away for college, the worksheet will take that amount into consideration. For KKR 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 KKR 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 type of retirement plan does KKR offer to its employees?

KKR offers a 401(k) retirement savings plan to its employees.

How can KKR employees enroll in the 401(k) plan?

KKR employees can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal.

Does KKR match employee contributions to the 401(k) plan?

Yes, KKR provides a matching contribution to employees' 401(k) plans, subject to certain limits.

What is the maximum contribution limit for KKR employees in the 401(k) plan?

The maximum contribution limit for KKR employees in the 401(k) plan is determined by the IRS and may change annually.

Can KKR employees change their contribution percentage at any time?

Yes, KKR employees can change their contribution percentage at any time, subject to the plan’s guidelines.

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

KKR’s 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

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

Yes, KKR has a vesting schedule for its matching contributions, which determines when employees fully own those funds.

Can KKR employees take loans against their 401(k) savings?

Yes, KKR employees may have the option to take loans against their 401(k) savings, depending on the plan’s rules.

What happens to KKR employees' 401(k) accounts if they leave the company?

If KKR employees leave the company, they can roll over their 401(k) accounts to another retirement account or leave them with KKR, subject to plan provisions.

Does KKR provide financial education resources for employees regarding their 401(k) plans?

Yes, KKR offers financial education resources to help employees understand and manage their 401(k) plans effectively.

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

Name of Pension Plan: KKR Pension Plan Eligibility: Employees are generally eligible if they have completed 5 years of service and are at least 55 years old. Pension Formula: The formula is based on years of service and final average salary. Name of 401(k) Plan: KKR 401(k) Savings Plan Eligibility: Employees who have completed 1 year of service are eligible.

Restructuring and Layoffs: KKR announced a restructuring plan aimed at streamlining its operations and focusing on core investment areas. This includes layoffs primarily in non-core divisions and a consolidation of certain administrative functions. This move is part of a broader strategy to adapt to current market conditions and optimize operational efficiency. It is crucial for stakeholders to stay informed about these changes given the volatile economic environment, which could impact investment strategies and employee benefits.

Kohlberg Kravis Roberts & Co. (KKR) provided details on their employee stock options and RSUs in their annual report. Stock Options (SO): KKR grants stock options primarily to senior executives and key employees as part of their long-term incentive program. RSUs: KKR offers RSUs to executives and high-potential employees, typically vesting over a period of 3-5 years.

HMO (Health Maintenance Organization): A type of health insurance plan that requires members to use a network of doctors and hospitals. PPO (Preferred Provider Organization): A health insurance plan that offers more flexibility in choosing healthcare providers. HDHP (High Deductible Health Plan): A plan with a higher deductible but lower premiums, often paired with a Health Savings Account (HSA). HSA (Health Savings Account): A tax-advantaged savings account for people with high-deductible health plans to save for medical expenses. EAP (Employee Assistance Program): A work-based program that provides employees with free access to counseling and other support services.

Additional Articles

Check Out Articles for KKR employees

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

https://www.thelayoff.com/ https://www.pionline.com/ https://www.forbes.com/ https://www.wsj.com/ https://www.pionline.com/ https://www.bloomberg.com/asia