Empower Retirement, CommonBond partner to expand student loan benefits
About 39,000 employers, representing 9 million employees, will be able to access CommonBond’s student loan benefits through the retirement provider.
About 39,000 employers, representing 9 million employees, will be able to access CommonBond’s student loan benefits through the retirement provider.
As education loans soar, a benefits provider helps clients address a mounting crisis.
As education loans soar, a benefits provider helps employers address a mounting crisis.
The company joins a growing number of employers offering student loan repayment in conjunction with retirement benefits.
About 45 million borrowers owed more than $1.56 trillion in student loan debt at the end of 2018.
About 45 million borrowers owed more than $1.56 trillion in student loan debt at the end of 2018.
Starting next year, employees at the insurance company can trade up to 40 hours of unused vacation time for a payment to their student loan provider.
Starting next year, employees at the insurance company can trade up to 40 hours of unused vacation time for a payment to their student loan provider.
Thrive is a student loan repayment provider that allows employers to match worker contributions toward their retirement plan, their student loans or a combination of both.
Proponents say reintroduced legislation that would allow employers to contribute $5,250 a year without penalty would encourage more companies to offer the perk.
The automaker’s new offering to its 14,000 workers aims to “provide employees a less-costly means to pay off student debt and support their path to a sound financial future.”
Perks including employee purchase programs and student loan repayment plans will continue to be popular in the coming year.
Sure, offering the perk will help employers recruit and retain top talent. But there’s even more advantages to consider.
Perks including employee purchase programs and student loan repayment plans will continue to be popular in the coming year.
The number of older Americans who are carrying student loan debt into retirement has grown to 2.8 million from 700,000 in 2005.
The agency’s recent private letter ruling tying student loan repayments to a 401(k) isn’t the same as definitive IRS guidance. But employers can take a number of steps in the meantime.
The agency’s recent private letter ruling tying student loan repayments to a 401(k) isn’t the same as definitive IRS guidance. But employers can take a number of steps in the meantime.
The auction house will contribute $150 each month to employees’ loans, with no lifetime limit.
The auction house will contribute $150 each month to employees’ loans, with no lifetime limit.
These are the most coveted non-insurance and retirement benefits, according to employees surveyed by Unum.