Student loans can hold your employees back—and their retirement savings too. A student loan matching program can change that.
How a student loan matching program works:
- Employees make their student loan payments.
- Employers match those payments with retirement contributions.
Why student loan matching is a game-changer for plan sponsors:
- Attract talent: 40% of workers would change jobs for better benefits.1
- Boost wellness: Help employees pay loans and save for the future.
- Stay competitive: Stand out, especially with Millennials and Gen Z.
Starting in 2025, SECURE 2.0 makes it easier to match loan payments with retirement contributions. Is this program right for your team? CONTACT US if you’d like PK Retirement’s help in keeping your employees connected with additional valuable resources.
* The deadlines in this calendar are for plans with calendar-year plan years. If the filing deadline falls on a Saturday, Sunday, or legal holiday, the DOL provides that filing dates are delayed until the next business day. This calendar is intended to provide plan sponsors with a list of notable deadlines and is not a substitute for consultation with ERISA counsel, and in no way represents legal advice.
Investment Advisory Services offered through Cambridge Investment Research Advisors Inc., a Registered Investment Advisor. We cannot accept trade orders through email or voicemail. PK Retirement, LLC and Cambridge are not affiliated, and Cambridge does not offer tax advice.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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