Candidly, an AI-driven student debt and savings optimization platform issues a report on the effectiveness of their Student Loan Retirement Match program, which was allowed SECURE 2.0.<\/p>\n
The SECURE 2.0 provision that enabled employers to match employees\u2019 student loan payments with retirement contributions led to a 13.5% increase in first-time retirement plan participation and a 27% increase in employees maximizing their employer\u2019s 401(k) match offering.<\/p>\n
The report also indicated that 401(k) participants in Candidly\u2019s program had average annual retirement contributions of $3,300 per participant; projected additional retirement savings of $48,800 per participant by the time of retirement; and a 58% reduction in the likelihood of turnover among participating employees.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" Candidly, an AI-driven student debt and savings optimization platform issues a report on the effectiveness of their Student Loan Retirement Match program, which was allowed SECURE 2.0. The SECURE 2.0 provision that enabled employers to match employees\u2019 student loan payments … Continue reading