Tag: 401k

401K Matching for Student Loan Payments Finally Arrives

By Lake Moore, McAfee & Taft May 4, 2023 Benefits and Compensation

Updated: May 4, 2023

In this economic environment, employers are doing almost anything to attract and retain a quality workforce. Improving the suite of employee benefit offerings, sometimes without incurring major new expenditures, is top of mind for many. Enter SECURE 2.0, which includes a long-awaited 401(k) feature that has sparked employer interest for years. What Is It? The […]

6 Innovative 401(k) Options to Consider that Support Employees’ Holistic Financial Wellbeing

By Barrett Scruggs, SoFi at Work Mar 14, 2023 Benefits and Compensation

Updated: Apr 5, 2023

401(k) plans have been a staple of employee benefits offerings for decades and are a way for employees to save money for retirement by deferring taxation on contributions. One of the most attractive aspects of a 401(k) is the employer match, which averages around 4.7% of employees’ salaries in the United States and adds substantially to employees’ retirement […]