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

Diebold Nixdorf Employees: Unlock the Benefits of the Federal Student Grant Program for Your Family's Education

Healthcare Provider Update: Healthcare Provider for Diebold Nixdorf Diebold Nixdorf primarily provides healthcare services through its employee benefits plan, which is structured around a 401(k) retirement savings plan, as well as medical insurance options offered to its employees. Given the company's focus on innovation in technology, their healthcare plan likely reflects industry standards aimed at managing costs while delivering essential health services. Healthcare Cost Increases in 2026 In 2026, healthcare costs are expected to surge significantly, impacting Diebold Nixdorf employees as they face potential increases in out-of-pocket expenses. Reports indicate that rising medical costs, coupled with the expiration of enhanced federal premium subsidies, might push premiums up to 75% for many individuals. Insurers are requesting substantial rate hikes nationally, with some states projecting increases exceeding 60%. As companies like Diebold Nixdorf reassess their healthcare strategies to manage these pressures, employees may find themselves contributing more toward their healthcare plans, necessitating careful review of their benefit options moving forward. Click here to learn more

Most Diebold Nixdorf 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 Diebold Nixdorf 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 Diebold Nixdorf employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement savings plan does Diebold Nixdorf offer to its employees?

Diebold Nixdorf offers a 401(k) retirement savings plan to its employees.

Does Diebold Nixdorf match employee contributions to the 401(k) plan?

Yes, Diebold Nixdorf provides a matching contribution to employee contributions made to the 401(k) plan, subject to certain limits.

How can employees enroll in the Diebold Nixdorf 401(k) plan?

Employees can enroll in the Diebold Nixdorf 401(k) plan by accessing the company’s benefits portal or contacting HR for assistance.

What is the eligibility requirement for Diebold Nixdorf employees to participate in the 401(k) plan?

Generally, Diebold Nixdorf employees are eligible to participate in the 401(k) plan after completing a specific period of service, typically within the first year of employment.

Can employees of Diebold Nixdorf take loans against their 401(k) savings?

Yes, Diebold Nixdorf allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What investment options are available in the Diebold Nixdorf 401(k) plan?

The Diebold Nixdorf 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How often can Diebold Nixdorf employees change their contribution percentage to the 401(k) plan?

Employees at Diebold Nixdorf can change their contribution percentage to the 401(k) plan at any time, subject to plan provisions.

What happens to my Diebold Nixdorf 401(k) account if I leave the company?

If you leave Diebold Nixdorf, you can choose to roll over your 401(k) account to another retirement plan, withdraw the funds, or leave it in the Diebold Nixdorf plan if eligible.

Is there a vesting schedule for the Diebold Nixdorf 401(k) matching contributions?

Yes, Diebold Nixdorf has a vesting schedule for matching contributions, which means you must work for the company for a certain period before you fully own those contributions.

How can Diebold Nixdorf employees access their 401(k) account information?

Employees can access their 401(k) account information through the company’s benefits portal or by contacting the plan administrator.

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

Name of Pension Plan: Diebold Nixdorf does not have a traditional defined benefit pension plan. Instead, the company focuses on 401(k) plans. Years of Service and Age Qualification: Diebold Nixdorf’s employee benefits information from 2022-2024 does not detail a defined benefit pension plan, as they do not offer one. Pension Formula: Not applicable, as there is no defined benefit pension plan. Name of 401(k) Plan: Diebold Nixdorf 401(k) Plan. Eligibility: Employees are eligible to participate in the Diebold Nixdorf 401(k) Plan from their first day of employment. Company Contributions: Diebold Nixdorf provides a company match to employee contributions, up to a certain percentage of the employee’s salary.

Restructuring and Layoffs: In early 2024, Diebold Nixdorf announced a significant restructuring plan aimed at improving operational efficiency and reducing costs. This involved a series of layoffs, impacting several departments globally. The company stated that this move is part of a broader strategy to streamline operations and refocus on core business areas.

Diebold Nixdorf offers stock options and RSUs to executives and key employees. In 2022, Diebold Nixdorf granted RSUs based on performance metrics. The 2023 report highlights the continuation of these options with updated performance targets.

Company’s Official Website: Check Diebold Nixdorf’s official site for any published information on their health benefits, policies, and related updates. Annual Reports and Financial Filings: Review Diebold Nixdorf's annual reports or financial filings for mentions of employee benefits or healthcare information. Industry News Sites: Look at industry-specific news websites for articles or press releases related to Diebold Nixdorf’s employee health benefits. HR and Benefits Portals: Investigate HR or employee benefits portals that may have information on Diebold Nixdorf’s health benefits. Employee Review Sites: Browse employee review sites like Glassdoor or Indeed for employee feedback on health benefits.

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For more information you can reach the plan administrator for Diebold Nixdorf at 5995 Mayfair Rd North Canton, OH 44720; or by calling them at (330) 490-4000.