Retirement

Providing student loan assistance has rapidly gained traction as an employee benefit because it’s often a win-win for employers and employees.

The benefit allows employers to make contributions directly to employees' 529 accounts.

Employers should consider adding student loan benefits, if they want to attract potential hires.

The rule permitting a plan sponsor to allow qualified individuals to delay their loan payments that may generate the most lasting impact for plan sponsors.

The pandemic has highlighted several key lessons employers need to consider when it comes to retirement.

Employees in non-health related professions who are at the highest risk of contracting COVID-19 include teachers and bus drivers.

“The pandemic has laid bare the widening gap between the financially secure and insecure in this country,” says Yanela Frias, president of Prudential Retirement.

Employees are more likely to remain with their current employer if they offer a student loan benefit.

In addition to maxing out your 401(k) and 529 savings plans, add to your health savings account and make year-end charitable donations.

The majority of American workers are facing meaningful financial challenges and are at significant risk for making financial decisions they are likely to regret.