Employees can determine how they want to allocate employer 401(k) matching dollars—be it to their retirement account, to their student loans or to a combination of both.
Tag: company match
On average, they offer 27 core investment options, according to ICI and BrightScope
ESOP participants have an average retirement balance of $170,326, more than twice the $80,339 that other workers have saved
Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
With a new service from BenefitEd, workers can move the entire match over to pay down their student loan debt or just a portion of it.
Employer contributions and loans are also prevalent, a Brightscope/ICI report says.
Of this group, 25% said they will increase their company match to the 401(k) plan.