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Healthcare Provider Update: Healthcare Provider for Roper Technologies Roper Technologies does not have a single healthcare provider, as employees typically have access to multiple insurance options through their employer-sponsored health plans. These options can include major insurers and health maintenance organizations (HMOs), often chosen based on employee preferences and the benefits provided. Brief on Potential Healthcare Cost Increases in 2026 As Roper Technologies looks toward 2026, its employees may face significantly increased healthcare costs. Premiums for Affordable Care Act (ACA) marketplace plans are projected to rise sharply, with some states experiencing hikes of more than 60%. The expiration of enhanced federal subsidies and rising medical costs are significant factors behind this surge, potentially resulting in out-of-pocket premiums soaring by over 75% for many enrollees. This financial strain creates an urgent need for employees to evaluate their health insurance options early and prepare for the financial implications of these changes. Click here to learn more
Most Roper Technologies 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 Roper Technologies 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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- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
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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 Roper Technologies employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What type of retirement plan does Roper Technologies offer to its employees?
Roper Technologies offers a 401(k) retirement savings plan to its employees.
Does Roper Technologies provide a company match for contributions made to the 401(k) plan?
Yes, Roper Technologies provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
At what age can employees of Roper Technologies start participating in the 401(k) plan?
Employees of Roper Technologies can typically start participating in the 401(k) plan as soon as they meet the eligibility requirements, which is usually upon hire.
How can employees of Roper Technologies enroll in the 401(k) plan?
Employees of Roper Technologies can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in the Roper Technologies 401(k) plan?
The Roper Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for the employer match in the Roper Technologies 401(k) plan?
Yes, Roper Technologies has a vesting schedule for the employer match, which means that employees must work for a certain period before they fully own the matched contributions.
Can employees of Roper Technologies take loans against their 401(k) balance?
Yes, Roper Technologies allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.
What happens to the 401(k) plan if an employee leaves Roper Technologies?
If an employee leaves Roper Technologies, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the balance in the Roper Technologies plan if allowed.
Are there any fees associated with the Roper Technologies 401(k) plan?
Yes, there may be fees associated with the Roper Technologies 401(k) plan, including administrative fees and investment-related fees, which are disclosed in the plan documents.
How often can employees of Roper Technologies change their contribution amounts to the 401(k) plan?
Employees of Roper Technologies can typically change their contribution amounts on a quarterly basis or as specified in the plan guidelines.
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