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

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

Healthcare Provider Update: Healthcare Provider for DXC Technology DXC Technology collaborates with various healthcare providers to enhance its technology and consulting services. One notable partner is Optum, which is part of UnitedHealth Group. Together, they focus on implementing innovative health solutions and improving patient care through data-driven insights and technology advancements. Potential Healthcare Cost Increases in 2026 As healthcare costs continue to rise, 2026 is poised for significant premium increases across the Affordable Care Act (ACA) marketplace. With record ACA premium hikes anticipated-some states reporting over 60% increases-consumers may face a staggering jump in out-of-pocket costs due to the potential loss of federal subsidies. Without congressional renewal of enhanced premium tax credits, over 22 million marketplace enrollees could experience premiums rising by 75% or more. This confluence of rising medical costs, structural changes in the healthcare marketplace, and insurer profit pressures marks a critical moment for consumers navigating their healthcare options. This brief overview encapsulates the challenges ahead, underscoring the importance of proactive planning for individuals and families as they face potentially overwhelming healthcare expenses in the near future. Click here to learn more

Most DXC Technology 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 DXC Technology 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 DXC Technology employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement savings plan does DXC Technology offer?

DXC Technology offers a 401(k) retirement savings plan to help employees save for their future.

Does DXC Technology provide matching contributions to the 401(k) plan?

Yes, DXC Technology offers matching contributions to the 401(k) plan, helping employees maximize their retirement savings.

What is the eligibility requirement to participate in the 401(k) plan at DXC Technology?

Employees at DXC Technology are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

Can employees of DXC Technology choose how much to contribute to their 401(k) plan?

Yes, employees at DXC Technology can choose their contribution percentage, allowing them to tailor their savings according to their financial goals.

What investment options are available in the DXC Technology 401(k) plan?

The DXC Technology 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees change their contribution amounts in the DXC Technology 401(k) plan?

Employees at DXC Technology can change their contribution amounts at any time, allowing for flexibility in their savings strategy.

Does DXC Technology allow for loans against the 401(k) plan?

Yes, DXC Technology permits employees to take loans against their 401(k) plan, subject to certain conditions and limits.

What happens to my 401(k) plan if I leave DXC Technology?

If you leave DXC Technology, you can choose to roll over your 401(k) balance to another retirement account, leave it in the DXC plan, or cash it out, subject to tax implications.

Is there a vesting schedule for the employer match in the DXC Technology 401(k) plan?

Yes, DXC Technology has a vesting schedule for employer matching contributions, which means you must work for the company for a certain period to fully own those contributions.

Can part-time employees participate in the DXC Technology 401(k) plan?

Yes, part-time employees at DXC Technology may be eligible to participate in the 401(k) plan, depending on their hours worked and tenure.

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

Plan Name: DXC Technology's Pension Plan Years of Service and Age Qualification: Typically, employees need to meet specific age and service requirements to qualify for benefits. For DXC Technology, employees generally need a minimum of 5 years of service and must be at least 55 years old to qualify for full pension benefits. Pension Formula: The pension benefit is calculated based on years of service and salary. For instance, the formula could be a percentage of the average salary multiplied by years of service, but specifics may vary. Plan Name: DXC Technology 401(k) Savings Plan Qualifications: Employees are typically eligible to participate in the 401(k) plan immediately upon employment. Contributions are made through payroll deductions, and DXC Technology often offers a company match up to a certain percentage of employee contributions.

Restructuring and Layoffs: DXC Technology has been actively restructuring its business to streamline operations and improve profitability. In 2023, the company announced significant layoffs as part of its strategy to cut costs and refocus on core business areas. These layoffs are a response to the evolving technology landscape and economic pressures. It's crucial to monitor these changes due to the current economic and investment environment, which impacts how companies adapt to market demands and manage resources. Additionally, tax and political factors influence corporate restructuring decisions.

DXC Technology offers stock options and Restricted Stock Units (RSUs) as part of its employee compensation packages. In 2022, 2023, and 2024, these stock-based incentives were made available primarily to upper-level employees, such as executives and senior management, as part of long-term incentive plans (LTIPs). DXC Technology, referred to by its ticker symbol DXC, uses these plans to retain and reward key personnel while aligning their interests with shareholders. In 2022, the company continued offering RSUs, typically vesting over a multi-year period, often three to four years, based on performance metrics and tenure. Stock options granted to employees allow them to purchase shares at a set price, which may rise in value depending on the company’s market performance. RSUs, in particular, became a more prominent component in DXC's compensation due to stock price volatility, offering guaranteed stock over time rather than depending on option price appreciation.

Health Insurance and Benefits: Information is consistent with other sources, indicating DXC offers a range of medical and wellness benefits. Reviews suggest that while the benefits are solid, there could be improvements in plan options and cost-sharing. Forbes: Recent Healthcare Developments: Forbes has highlighted DXC’s commitment to employee wellness programs, including mental health support. The company has been recognized for its efforts in promoting a healthy work-life balance. Recent Employee Healthcare News 2023: Expansion of Wellness Programs: DXC announced enhancements to its wellness programs, focusing on mental health resources and stress management workshops. This move aligns with a broader trend of improving employee well-being. 2024

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For more information you can reach the plan administrator for DXC Technology at 1775 Tysons Blvd Tysons, VA 22102; or by calling them at (703) 245-9675.

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