The organization additional a factor that lets personnel to make use of region of its wages to settle their figuratively speaking unlike contributing to brand new 401(k) deals plan

A growing number of businesses has actually stepped up its operate, depending on the 401(k) savings bundle, to assist team inside paying down education loan personal debt, while rescuing having senior years.

Actually, a recent survey because of the EBRI out of 250 organizations which have at least five hundred employees showed that one to-3rd features a program in place to aid staff with paying down their financing otherwise are thinking about implementing one in the near future. Read the rest of this entry »