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?
Lets explore your options
[1] Willis Towers Watson. “2024 Global Benefits Attitudes Survey.” June 2024.
Bjork Asset Management
1033 Skokie Boulevard, Suite 210
Northbrook, IL. 60062
312.464.7072
312.464.7083
ClientCare@BjorkAM.com
Securities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Global Retirement Partners LLC, a registered investment advisor. Global Retirement Partners LLC and Bjork Asset Management are separate entities from LPL Financial.
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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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