Plan Sponsor Guide: Understanding Student Loan Matching Programs

Darrin Conrad |
Categories
Retirement
401k
education
matching
studen loans

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 it’s a game-changer:

  • 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?