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

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

Healthcare Provider Update: Healthcare Provider for Rithm Capital Rithm Capital primarily operates as a real estate investment trust (REIT) focused on affordable housing and mortgage finance, rather than directly providing healthcare services. However, it can be involved indirectly in the healthcare sector through investments or partnerships that align with its business model. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, significant increases in healthcare costs are anticipated, largely driven by record-setting premium hikes in the Affordable Care Act (ACA) marketplace. Many states will see premium increases surpassing 60%, with factors such as rising medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive pricing strategies from top insurers contributing to these shifts. Without congressional action on subsidies, it's estimated that over 22 million enrollees could face a staggering average rise of more than 75% in out-of-pocket premiums, a scenario that could drastically affect access to affordable healthcare for millions of Americans. Click here to learn more

Most Rithm Capital 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 Rithm Capital 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 Rithm Capital employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement savings plan does Rithm Capital offer to its employees?

Rithm Capital offers a 401(k) retirement savings plan to its employees.

Does Rithm Capital match employee contributions to the 401(k) plan?

Yes, Rithm Capital provides a matching contribution to employee contributions, subject to certain limits.

What is the maximum employee contribution percentage allowed in Rithm Capital's 401(k) plan?

Employees at Rithm Capital can contribute up to the IRS limit, which is typically a percentage of their salary, currently up to 100% of their eligible compensation, not exceeding the annual limit set by the IRS.

When can employees at Rithm Capital enroll in the 401(k) plan?

Employees at Rithm Capital can enroll in the 401(k) plan during the initial onboarding process or during the annual open enrollment period.

Are there any fees associated with Rithm Capital's 401(k) plan?

Yes, Rithm Capital's 401(k) plan may have administrative fees, investment fees, and other costs, which are disclosed in the plan documents.

Can employees at Rithm Capital take loans against their 401(k) savings?

Yes, Rithm Capital allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in Rithm Capital's 401(k) plan?

Rithm Capital offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Is there a vesting schedule for Rithm Capital's 401(k) matching contributions?

Yes, Rithm Capital has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own the matched funds.

How can employees at Rithm Capital access their 401(k) account information?

Employees can access their 401(k) account information through the online portal provided by Rithm Capital's 401(k) plan administrator.

What happens to the 401(k) savings if an employee leaves Rithm Capital?

If an employee leaves Rithm Capital, they can either roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the Rithm Capital plan if permitted.