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

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

Healthcare Provider Update: Offers medical, dental, vision, mental health, and fertility benefits, plus FSAs and HSAs 9. As ACA premiums rise and subsidies expire, Nasdaqs comprehensive benefits help employees avoid the financial strain of marketplace plans. 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 Nasdaq 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 Nasdaq 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 Nasdaq employees who already put money away for college, the worksheet will take that amount into consideration. For Nasdaq 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 Nasdaq 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 Nasdaq offer to its employees?

Nasdaq offers a 401(k) Savings Plan to its employees.

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

Employees at Nasdaq can enroll in the 401(k) Savings Plan through the company’s HR portal during the enrollment period.

Does Nasdaq match employee contributions to the 401(k) Savings Plan?

Yes, Nasdaq provides a matching contribution to employee contributions made to the 401(k) Savings Plan, up to a certain percentage.

What is the vesting schedule for Nasdaq's 401(k) matching contributions?

The vesting schedule for Nasdaq's 401(k) matching contributions typically follows a graded vesting schedule over a period of years.

Are there any investment options available within Nasdaq's 401(k) Savings Plan?

Yes, Nasdaq’s 401(k) Savings Plan offers a variety of investment options, including mutual funds and target-date funds.

Can employees at Nasdaq take loans against their 401(k) Savings Plan?

Yes, employees at Nasdaq may have the option to take loans against their 401(k) Savings Plan, subject to specific terms and conditions.

What is the minimum contribution percentage for Nasdaq employees participating in the 401(k) Savings Plan?

The minimum contribution percentage for Nasdaq employees participating in the 401(k) Savings Plan is typically set at 1% of their salary.

Does Nasdaq allow for catch-up contributions in its 401(k) Savings Plan?

Yes, Nasdaq allows employees aged 50 and older to make catch-up contributions to their 401(k) Savings Plan.

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

Nasdaq employees can change their contribution amounts to the 401(k) Savings Plan at designated times, typically during open enrollment or at specific intervals throughout the year.

What resources does Nasdaq provide to help employees manage their 401(k) Savings Plan?

Nasdaq provides resources such as financial counseling, online tools, and educational materials to help employees manage their 401(k) Savings Plan.

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

Pension Plan Name: Identify the official name of Nasdaq's pension plan. Years of Service and Age Qualification: Determine the minimum years of service and age requirements for eligibility. Pension Formula: Review the formula used to calculate the pension benefits. Plan Details: Gather details about who qualifies for the pension plan. 401(k) Plan Name: Identify the official name of Nasdaq's 401(k) plan. Eligibility: Determine who qualifies for the 401(k) plan.

Restructuring and Layoffs: Nasdaq announced a significant restructuring plan in early 2024 aimed at streamlining its operations and reducing costs. This plan included layoffs affecting approximately 5% of its workforce across various departments. The restructuring is part of Nasdaq’s strategy to enhance efficiency and adapt to the evolving financial landscape. The current economic environment, characterized by fluctuating market conditions and regulatory changes, makes it crucial for investors and employees to stay informed about such shifts. Staying updated on these changes helps manage potential impacts on personal investments and employment stability.

Benefits Overview: Nasdaq offers a comprehensive benefits package including medical, dental, and vision insurance, with options for both HDHP and PPO plans. Employees have access to HSAs and FSAs (Flexible Spending Accounts). The benefits also include an Employee Assistance Program (EAP), wellness programs, and mental health resources. The official site provides detailed summaries of coverage options, including preventive care, specialist visits, and prescription benefits.

Additional Articles

Check Out Articles for Nasdaq employees

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

https://www.thelayoff.com/ https://www.bloomberg.com/asia https://www.reuters.com/ https://www.wtwco.com/location-selector-landing-page https://www.mercer.com/