tldrdaily.news logo
Tag

Employer Benefits

All articles tagged with #employer benefits

personal-finance2 years ago

"Maximizing Retirement Savings through Student Loan Payments: A Game-Changing Strategy from January Onwards"

Starting in January, a provision in the Secure 2.0 retirement-savings overhaul will allow employers to match employees' student loan payments with tax-advantaged contributions into their retirement accounts. This means that workers can pay off their student debt while simultaneously building towards a more secure retirement. Currently, student loan debt is impacting how much individuals contribute to their retirement plans, with borrowers in their prime working years being the most affected. The new matching program aims to help companies attract and retain talent while alleviating the burden of student loan debt for employees. Employers are encouraged to consider implementing this benefit, as it can have a significant impact on reducing student loan debt and increasing retirement savings.

via CNBC|
#401k#debt-repayment#employer-benefits
personal-finance2 years ago

Delta's Global Emergency Savings Program Provides Up to $1,000 for Employees

Delta Air Lines has introduced an emergency savings program for its employees, offering up to $1,000 each to help address the savings crisis in America. Under the program, employees below the director level receive $750 directly deposited into a Fidelity account after completing a financial coaching session, and the airline will match up to $250 of an employee's contributions made with payroll deductions. The initiative aims to improve financial literacy and prevent workers from resorting to high-interest credit cards or retirement account withdrawals during emergencies. Other companies, including Starbucks, Best Buy, and Levi's, have also introduced similar emergency-savings benefits.

via CNBC|
#delta-air-lines#emergency-savings#employer-benefits
fintech2 years ago

"Summer's Student Debt Tools Receive $6M Series A Extension"

Fintech startup Summer has raised $6m in an extension to its Series A funding round, bringing the total to $16m. The company provides a 360-degree view of borrowers' student loan situations and offers options for repayment. Summer works with financial institutions, employers and other organisations to help employees plan for college, reduce student loan debt and optimise retirement savings through employer matches. The new funding will enable Summer to roll out new products and services and hire a chief revenue officer.

via TechCrunch|
#employer-benefits#financial-efficiency#fintech