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Healthcare Provider Update: Healthcare Provider for TTM Technologies TTM Technologies offers healthcare benefits primarily through major insurance carriers, including UnitedHealthcare and Anthem Blue Cross Blue Shield, providing comprehensive coverage options to its employees. Potential Healthcare Cost Increases in 2026 In 2026, TTM Technologies employees may face significant increases in healthcare costs, marking a critical shift in affordability. With potential ACA premium hikes exceeding 60% in some states, and enhanced federal premium subsidies set to expire, over 22 million enrollees could see their out-of-pocket costs rise by more than 75%. As a result, businesses like TTM are reassessing their health benefits, potentially transferring more costs to employees, which could lead to increased deductibles and out-of-pocket expenses. This landscape demands that employees proactively review their healthcare plans and financial strategies to navigate expected price surges effectively. Click here to learn more
Most TTM 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 TTM 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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- 7 Things to Consider Before Leaving Your Company
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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 TTM Technologies employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401(k) plan offered by TTM Technologies?
The 401(k) plan at TTM Technologies is a retirement savings plan that allows employees to contribute a portion of their salary on a pre-tax or after-tax basis to save for retirement.
Does TTM Technologies offer a company match for the 401(k) contributions?
Yes, TTM Technologies offers a company match for employee contributions to the 401(k) plan, which helps employees grow their retirement savings.
How can I enroll in the 401(k) plan at TTM Technologies?
Employees can enroll in the 401(k) plan at TTM Technologies by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
What are the contribution limits for the TTM Technologies 401(k) plan?
The contribution limits for the TTM Technologies 401(k) plan are in accordance with IRS guidelines, which are updated annually. Employees should check the latest limits for the current year.
Can I change my contribution percentage to the TTM Technologies 401(k) plan?
Yes, employees can change their contribution percentage to the TTM Technologies 401(k) plan at any time by accessing their account through the HR portal or by contacting HR.
What investment options are available in the TTM Technologies 401(k) plan?
The TTM Technologies 401(k) plan 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 the TTM Technologies 401(k) company match?
Yes, TTM Technologies has a vesting schedule for the company match, which means that employees must work for a certain period before they fully own the matched contributions.
How do I access my 401(k) account at TTM Technologies?
Employees can access their 401(k) account at TTM Technologies through the designated online portal or by contacting the plan administrator for assistance.
Can I take a loan against my 401(k) at TTM Technologies?
Yes, TTM Technologies allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan documents.
What happens to my 401(k) if I leave TTM Technologies?
If you leave TTM Technologies, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the TTM Technologies plan if allowed.
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