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

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

Healthcare Provider Update: Healthcare Provider for Vertiv Holdings: Vertiv Holdings typically partners with prominent healthcare providers such as Aetna, UnitedHealthcare, and Anthem Blue Cross Blue Shield to offer health benefits to its employees. The specific provider may vary based on location and the chosen healthcare plans available to employees each year. Potential Healthcare Cost Increases in 2026: In 2026, Vertiv Holdings employees may face significant healthcare cost increases due to a convergence of factors affecting the marketplace. Increases in medical costs are projected to range from 7% to 10%, significantly impacting out-of-pocket expenses. Simultaneously, the potential expiration of enhanced federal premium subsidies could leave employees exposed to steep premium hikes exceeding 60% in some states, with many companies likely to pass along these costs through higher deductibles and copays. As employers seek to manage their healthcare expenditures, employees must be prepared for a greater financial burden in securing their health coverage. Click here to learn more

Most Vertiv Holdings 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 Vertiv Holdings 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

Featured Video

Articles you may find interesting:

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 Vertiv Holdings employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement savings plan does Vertiv Holdings offer to its employees?

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

Does Vertiv Holdings match employee contributions to the 401(k) plan?

Yes, Vertiv Holdings provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility criteria for participating in the 401(k) plan at Vertiv Holdings?

Employees of Vertiv Holdings are generally eligible to participate in the 401(k) plan after completing a specific period of service, typically within the first year of employment.

How can employees at Vertiv Holdings enroll in the 401(k) plan?

Employees can enroll in the 401(k) plan at Vertiv Holdings through the company’s benefits portal or by contacting the HR department for assistance.

What investment options are available in the Vertiv Holdings 401(k) plan?

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

Can employees at Vertiv Holdings take loans against their 401(k) savings?

Yes, Vertiv Holdings allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

What happens to my 401(k) savings if I leave Vertiv Holdings?

If you leave Vertiv Holdings, you can choose to roll over your 401(k) savings into another retirement account, leave it in the Vertiv Holdings plan, or cash it out, subject to taxes and penalties.

Is there a vesting schedule for the matching contributions at Vertiv Holdings?

Yes, Vertiv Holdings has a vesting schedule for matching contributions, which means that employees must work for a certain period before they fully own the employer contributions.

How often can employees change their contribution amounts to the Vertiv Holdings 401(k) plan?

Employees at Vertiv Holdings can typically change their contribution amounts on a quarterly basis or as specified in the plan documents.

Are there any fees associated with the Vertiv Holdings 401(k) plan?

Yes, there may be administrative fees and investment-related fees associated with the Vertiv Holdings 401(k) plan, which are disclosed in the plan documents.