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

Healthcare Provider Update: Healthcare Provider for Tenneco Tenneco employs various healthcare providers, depending on the specific insurance plan they offer their employees. Typically, Tenneco provides access to well-known national health insurers, ensuring a broad network of healthcare options for their workforce. Potential Healthcare Cost Increases for Tenneco in 2026 As Tenneco looks towards 2026, employees should brace for significant healthcare cost increases due to various factors. With rising medical costs and the potential expiration of enhanced federal subsidies from the ACA, many employees may see their out-of-pocket expenses grow considerably. Employers, including Tenneco, are likely to shift more costs onto their workforce, with a Mercer survey indicating that over half of U.S. companies plan to raise deductibles and other cost-sharing mechanisms. This perfect storm of increased premiums and cost-shifting could lead to substantial financial pressure on households trying to maintain adequate health coverage. Click here to learn more

Most Tenneco 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 Tenneco 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 Tenneco employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What is Tenneco's 401(k) plan?

Tenneco's 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them build a nest egg for retirement.

How can I enroll in Tenneco's 401(k) plan?

You can enroll in Tenneco's 401(k) plan by accessing the employee benefits portal and following the enrollment instructions provided there.

Does Tenneco offer a company match for the 401(k) contributions?

Yes, Tenneco offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.

What is the maximum contribution I can make to Tenneco's 401(k) plan?

The maximum contribution limit for Tenneco's 401(k) plan follows the IRS guidelines, which can change annually. Employees should refer to the latest IRS limits for specifics.

When can I start contributing to Tenneco's 401(k) plan?

Employees can start contributing to Tenneco's 401(k) plan after they have completed the eligibility requirements, typically within the first few months of employment.

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

Tenneco's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How often can I change my contribution amount in Tenneco's 401(k) plan?

Employees can change their contribution amount to Tenneco's 401(k) plan during designated enrollment periods or as allowed by the plan rules.

Can I take a loan from Tenneco's 401(k) plan?

Yes, Tenneco's 401(k) plan may allow employees to take loans against their account balance, subject to specific terms and conditions.

What happens to my Tenneco 401(k) if I leave the company?

If you leave Tenneco, you have several options regarding your 401(k), including rolling it over to an IRA or a new employer's plan, or cashing it out, though taxes and penalties may apply.

Is there a vesting schedule for Tenneco's 401(k) company match?

Yes, Tenneco has a vesting schedule for its company match, which determines how much of the matched contributions you own based on your years of service.