Tag: student loan debt repayment program
Alight Solutions offers tactics for plan sponsors to boost workers’ 401(k) deferrals following the president’s student loan forgiveness announcement.
Workers’ short-term financial worries about student loan debt and job security can derail retirement planning.
An estimated 44 million Americans owe $1.75 trillion total in student debt, according to 2020 Federal Reserve figures.
The program allows eligible employees to reallocate shares of their retirement plan contribution and company match towards student loan debt.
It’s important to first gauge employees’ interest in such programs, and to assess the costs, a Willis Towers Watson expert...