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Healthcare Provider Update: Belden offers health, dental, and vision insurance, along with life and disability coverage. Employees benefit from a 401(k) retirement plan, stock purchase options, and paid time off. The company promotes a culture of inclusion and community engagement, with wellness programs and education assistance available. Beldens total rewards program is designed to support employees physical, financial, and emotional well-being3. Belden With ACA premiums projected to rise sharply in 2026, Beldens comprehensive benefits and inclusive culture help employees avoid the financial strain of marketplace plans. The companys emphasis on preventive care and wellness education further reduces long-term healthcare costs. Click here to learn more
Most Belden employees have already heard of the Free Application for Federal Student Aid, or FAFSA, if they or someone they know has plans to attend a college, career school, or university. Last year, around 70% of families submitted a FAFSA to the Department of Education to secure financial assistance. But what many prospective and current students may overlook are the various federal grants awarded to students in need each year.
Granted value
Most federal grants, unlike loans, function as sources of funding. There are some exceptions, though. For example, if a student is awarded a grant, but withdraws from the program in which they’re enrolled, they may be required to pay back all or a portion of that grant.
Know your grants
The Department of Education offers multiple aid packages as part of the Federal Student Grant Program and all Belden employees should be aware of them. The following four are granted most often, and each has different requirements for eligibility. The information below applies to the 2023-2024 academic year:
- Federal Pell Grants - With a maximum award of $6,895, Pell Grants are reserved for undergraduate students who have exceptional financial need and have not earned a bachelor’s, graduate, or professional degree yet.
- Federal Supplemental Educational Opportunity Grants (FSEO) - FSEO Grants award a maximum of $4,000 to those who demonstrate exceptional need and have not yet earned a bachelor’s or graduate degree. FSEO Grants also give priority to Pell Grant recipients over other applicants.
- Iraq and Afghanistan Service Grants - These grants award a maximum of $6,895, and they’re only for students whose parent or guardian served in a branch of the U.S. Armed Forces and died while serving in Iraq or Afghanistan after the events of 9/11.
- Teacher Education Assistance for College and Higher Education (TEACH) Grants - TEACH Grants award a maximum of $4,000, and they’re reserved for students who are enrolled in teaching preparation programs and agree to teach for a minimum of 4 years at the elementary or secondary school level in a high-need field.
FAFSA Required
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No matter who you are or your financial situation, you may want to consider submitting a FAFSA. After all, the grants listed above do require recipients to have an application on file with the Department of Education. And who knows? The potential financial benefit that you as a Belden employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the primary purpose of Belden's 401(k) Savings Plan?
The primary purpose of Belden's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.
How can employees enroll in Belden's 401(k) Savings Plan?
Employees can enroll in Belden's 401(k) Savings Plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.
What types of contributions can employees make to Belden's 401(k) Savings Plan?
Employees can make pre-tax contributions, Roth (after-tax) contributions, and may also be eligible for employer matching contributions in Belden's 401(k) Savings Plan.
Is there a company match for contributions made to Belden's 401(k) Savings Plan?
Yes, Belden offers a company match for employee contributions to the 401(k) Savings Plan, which helps employees increase their retirement savings.
What is the vesting schedule for employer contributions in Belden's 401(k) Savings Plan?
The vesting schedule for employer contributions in Belden's 401(k) Savings Plan typically follows a graded vesting schedule, which means employees earn ownership of the contributions over a specified period.
Can employees change their contribution percentage at Belden?
Yes, employees can change their contribution percentage to Belden's 401(k) Savings Plan at any time, usually through the benefits portal or by contacting HR.
What investment options are available in Belden's 401(k) Savings Plan?
Belden's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
At what age can employees begin to withdraw from Belden's 401(k) Savings Plan without penalties?
Employees can begin to withdraw from Belden's 401(k) Savings Plan without penalties at age 59½, provided they meet other plan requirements.
What happens to an employee's 401(k) balance if they leave Belden?
If an employee leaves Belden, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the balance in the plan if allowed.
Does Belden's 401(k) Savings Plan allow loans against the account?
Yes, Belden's 401(k) Savings Plan may allow employees to take loans against their account balance, subject to specific terms and conditions outlined in the plan documents.
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