Retirement readiness

The number of employers offering student loan debt repayment programs has doubled since 2018.

The program would be voluntary for anyone working at least 20 hours a week and automatically withhold at least 3% of a paycheck.

“If retention is an important factor for an employer, financial wellness is quite worth the investment,” one benefits consultant says.

EBA’s Retirement Adviser of the Year wants all employees to have equal opportunity to save for the future.

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.

To make the most of their savings, workers should start funding their accounts as early as possible.

These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.

In addition to generally offering poorly performing investment options, these accounts also stick participants with potentially high administration fees.

Many pin the blame on stagnant or dwindling income, according to a new survey.

The new benefit allows employees at the financial services company to pay off student debt with reward points.