$1,500,000,000,000! At $1.5 trillion in outstanding loans nationally, chances are that many of your new recruits and current employees are struggling to pay down student loan debt, resulting in financial stress and delayed retirement savings. In fact, student loans are so common that 4 out of 10 Americans who have gone to college took out some sort of debt to pursue their degree.
Innovation in employee benefits: The Student Loan 401(k) “Match”
Jan 7, 2019 3:40:46 PM / by The HR Trove by Willis Towers Watson posted in retirement, benefits, 401(k), student loans
5 signs your defined contribution retirement plan design is retro
Mar 6, 2018 1:01:14 PM / by Julie Vickery posted in retirement, defined contribution plans, 401(k), retirement plan design, defined contribution plan design training
Could your defined contribution retirement plan design be behind the times? We asked more than 300 plan sponsors about their 401(k) plans in order to figure out what’s trending in the world of retirement plans. The research results? We found that if any of these statements apply to your plan, it might be a bit retro.