Data and Research | November 21st, 2024 Student Loan Debt Can Constrain Workers Even Into Retirement Currently, 8.8 million borrowers are nearing or in retirement and owe $380 billion in student loan debt.
Benefits | October 2nd, 2024 Walgreens Will Offer Student Loan 401(k) Match Program The retail pharmacy and health care provider will provide 401(k) matching contributions for employees making qualified student loan payments, starting...
Participants | September 27th, 2024 What the End of the Student Loan On-Ramp Period Could Mean for Retirement Savings After Monday, student loan borrowers may face credit score and fee penalties due to missing or late payments.
Administration | August 28th, 2024 Educational Assistance Programs Can Be Used to Help Repay Student Loans Employees whose employers offer educational assistance programs can use them to help pay student loan obligations until at least December...
Data and Research | June 28th, 2024 Mounting Debt Causes Health Care Workers to Save Less for Retirement The TIAA Institute found that 86% of health care employees carry some form of debt, including about 24% with outstanding...
Data and Research | May 29th, 2024 Student Loan Debt Among Older Workers Impedes Retirement Savings Millions of people aged 55 and above have outstanding student loans, significantly impacting how much they are able to save...
Benefits | May 17th, 2024 What Adding a Fidelity Student Loan Matching Program Means for a Large Plan Sponsor In less than a year in the program, News Corp. reports strong uptake from participants enthusiastic about repaying loans while...
Benefits | March 6th, 2024 Dawn Foods Boosts Employer 401(k) Matching Contribution Michigan-based Dawn Foods Inc. changed its contribution matching formula to increase the total and reduce participants’ confusion.
Administration | February 27th, 2024 EBRI to Host Webinar on Impact of Credit Card, Student Loan Debt The March 27 event will see panelists discuss how mounting debt can negatively impact employees’ 401(k) contributions and balances.
Benefits | February 26th, 2024 Four Sponsors Add Fidelity’s Student Loan Debt Repayment Matching Benefit A luxury goods company, media company, beauty retailer and media and entertainment company are all employers implementing student loan debt...
Data and Research | February 12th, 2024 Education Savings Benefits Gain Momentum as Employees Struggle With Student Debt As loan repayments are an obstacle limiting employees’ retirement savings, education savings benefits are an opportunity for employers to relieve...
Data and Research | February 6th, 2024 Employees ‘Just Getting By’ and Stressed About Retirement, Emergency Savings A new SoFi at Work survey finds that employees are increasingly stressed about paying off debt and the rising cost...
Data and Research | February 2nd, 2024 Public Sector Workers Value Saving for Retirement, but Struggle With Debt These workers, many of whom participate in 403(b) plans, are split on whether they are on track to achieve the...
Benefits | January 26th, 2024 Chipotle Partners With SoFi to Offer Student Loan Matching Program The Mexican-style chain restaurant will offer a student loan repayment matching benefit, as well as mental health and financial education...
Data and Research | January 11th, 2024 MissionSquare Identifies 5 Key Public Service Workforce Trends for 2024 Expanding and enhancing retirement plan features is among the top trends based on the company’s 2023 research.
Data and Research | January 2nd, 2024 Inflation, Student Loans Continue to Be Stressors for Participants Heading Into 2024 While many employees reported receiving pay raises in the last year, the majority say their salary is not keeping up...
Benefits | November 7th, 2023 Abbott Labs Releases Blueprint to Help Employers Offer Student Loan Benefits As student loan debt is a key driver in many employees’ financial stress, Freedom 2 Save—first implemented in 2018—could be...
Administration | October 19th, 2023 Unum Plans Enhanced Student Loan Debt Repayment Program The plan sponsor will add flexibility to a program that allows workers to use paid time off to repay student...
Data and Research | October 10th, 2023 Women Making Retirement Savings Progress, Fidelity Finds A higher percentage of women are saving for retirement than four years ago, and women are staying the course when...
Benefits | October 3rd, 2023 Inflation Did Not Curb Participants’ Retirement Savings in First Half of 2023 Despite consistent contributions, participants taking loans or hardship withdrawals are half as likely to use auto-increase plan feature, T. Rowe...