/General/General%209.png?width=1280&height=853&name=General%209.png)
Healthcare Provider Update: Offers three medical plans administered by Aetna, along with dental, vision, and life insurance 4. As ACA premiums surge, Pioneers internal plan stability may shield employees from market volatility and subsidy loss impacts 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 Pioneer Natural Resources 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 Pioneer Natural Resources 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 Pioneer Natural Resources employees who already put money away for college, the worksheet will take that amount into consideration. For Pioneer Natural Resources 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 Pioneer Natural Resources 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 401(k) plan offered by Pioneer Natural Resources?
The 401(k) plan at Pioneer Natural Resources 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 the Pioneer Natural Resources 401(k) plan?
Employees can enroll in the Pioneer Natural Resources 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does Pioneer Natural Resources offer a company match for the 401(k) contributions?
Yes, Pioneer Natural Resources offers a company match for employee contributions to the 401(k) plan, which helps to enhance retirement savings.
What is the maximum contribution limit for the Pioneer Natural Resources 401(k) plan?
The contribution limit for the Pioneer Natural Resources 401(k) plan is aligned with IRS guidelines, which may change annually. Employees should check the current limits for accurate information.
Can I change my contribution percentage to the Pioneer Natural Resources 401(k) plan?
Yes, employees can change their contribution percentage to the Pioneer Natural Resources 401(k) plan at any time, subject to the plan's rules.
What investment options are available in the Pioneer Natural Resources 401(k) plan?
The Pioneer Natural Resources 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Is there a vesting schedule for the company match in the Pioneer Natural Resources 401(k) plan?
Yes, Pioneer Natural Resources has a vesting schedule for the company match, which determines how much of the matched funds employees can keep based on their years of service.
How can I access my Pioneer Natural Resources 401(k) account information?
Employees can access their Pioneer Natural Resources 401(k) account information online through the plan's designated website or mobile app.
What happens to my Pioneer Natural Resources 401(k) if I leave the company?
If you leave Pioneer Natural Resources, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the plan if eligible.
Can I take a loan against my Pioneer Natural Resources 401(k) plan?
Yes, Pioneer Natural Resources allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan document.
-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)