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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 Zebra Technologies 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 Zebra Technologies 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 Zebra Technologies employees who already put money away for college, the worksheet will take that amount into consideration. For Zebra Technologies 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 Zebra Technologies employees to consider reviewing:
www.studentaid.ed.gov
The government’s college and financial aid portal.
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www.collegeboard.org
The group that administers the SAT test.
Estimating the Cost of College
What type of retirement plan does Zebra Technologies offer to its employees?
Zebra Technologies offers a 401(k) retirement savings plan to its employees.
Does Zebra Technologies provide a company match for its 401(k) contributions?
Yes, Zebra Technologies provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at Zebra Technologies enroll in the 401(k) plan?
Employees at Zebra Technologies can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What is the minimum age to participate in the Zebra Technologies 401(k) plan?
Employees must be at least 21 years old to participate in the Zebra Technologies 401(k) plan.
Are there any eligibility requirements for the 401(k) plan at Zebra Technologies?
Yes, employees must meet specific eligibility requirements, including a minimum service period, to participate in the Zebra Technologies 401(k) plan.
What types of investment options are available in the Zebra Technologies 401(k) plan?
The Zebra Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Zebra Technologies take loans against their 401(k) savings?
Yes, Zebra Technologies allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What is the vesting schedule for the company match in the Zebra Technologies 401(k) plan?
The vesting schedule for the company match in the Zebra Technologies 401(k) plan typically follows a graded vesting schedule over several years.
How often can employees change their contribution percentage to the Zebra Technologies 401(k) plan?
Employees at Zebra Technologies can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.
Does Zebra Technologies offer financial education resources for employees regarding the 401(k) plan?
Yes, Zebra Technologies provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.
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