Plan Sponsor Guide: Understanding Student Loan Matching Programs
- Michael Lemay
- 15 minutes ago
- 1 min read
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?
PWMG 401(k) Advisors
WORCESTER
324 Grove Street Second Floor
Worcester, MA 01605
CHICOPEE
450 Memorial Drive, Suite 407
Chicopee, MA 01020
PHONE: (855) 508-401k
FAX: (508) 519-8426
WEB: www.pwmg401k.com
EMAIL: info@pwmg401k.com
Securities and advisory services offered through LPL Financial a registered investment advisor, Member FINRA/SIPC.
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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