/General/General%2013.png?width=1280&height=853&name=General%2013.png)
Healthcare Provider Update: Provides medical coverage through Aetna, along with dental, vision, HSAs, FSAs, and voluntary benefits like critical illness and hospital indemnity insurance 2. With ACA premiums projected to rise by 1518%, Pinnacle Wests comprehensive benefits and multiple plan tiers offer employees flexibility and protection against rising out-of-pocket costs. 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 Pinnacle West Capital 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 Pinnacle West Capital 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 Pinnacle West Capital employees who already put money away for college, the worksheet will take that amount into consideration. For Pinnacle West Capital 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 Pinnacle West Capital employees to consider reviewing:
www.studentaid.ed.gov
The government’s college and financial aid portal.
Featured Video
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
www.collegeboard.org
The group that administers the SAT test.
Estimating the Cost of College
What is the primary purpose of the 401(k) Savings Plan at Pinnacle West Capital?
The primary purpose of the 401(k) Savings Plan at Pinnacle West Capital is to help employees save for retirement through tax-advantaged contributions.
How can employees enroll in the 401(k) Savings Plan at Pinnacle West Capital?
Employees can enroll in the 401(k) Savings Plan at Pinnacle West Capital by accessing the benefits portal or contacting the HR department for guidance.
What types of contributions can employees make to the Pinnacle West Capital 401(k) Savings Plan?
Employees can make pre-tax and Roth (after-tax) contributions to the Pinnacle West Capital 401(k) Savings Plan.
Is there a company match for contributions made to the 401(k) Savings Plan at Pinnacle West Capital?
Yes, Pinnacle West Capital offers a company match for employee contributions to the 401(k) Savings Plan, which enhances retirement savings.
What is the maximum contribution limit for the 401(k) Savings Plan at Pinnacle West Capital?
The maximum contribution limit for the 401(k) Savings Plan at Pinnacle West Capital is subject to IRS guidelines, which are updated annually.
Can employees change their contribution percentage to the Pinnacle West Capital 401(k) Savings Plan?
Yes, employees can change their contribution percentage to the Pinnacle West Capital 401(k) Savings Plan at any time through the benefits portal.
What investment options are available in the Pinnacle West Capital 401(k) Savings Plan?
The Pinnacle West Capital 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and stable value funds.
When can employees access their funds from the Pinnacle West Capital 401(k) Savings Plan?
Employees can access their funds from the Pinnacle West Capital 401(k) Savings Plan upon reaching retirement age, termination of employment, or under certain hardship circumstances.
Are there any fees associated with the Pinnacle West Capital 401(k) Savings Plan?
Yes, there may be administrative and investment fees associated with the Pinnacle West Capital 401(k) Savings Plan, which are disclosed in the plan documents.
How often can employees review their account statements for the Pinnacle West Capital 401(k) Savings Plan?
Employees can review their account statements for the Pinnacle West Capital 401(k) Savings Plan on a quarterly basis.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)