The new legislation represents a landmark in the evolution of retirement planning, benefiting employees in unique situations – facing student debt, saving for college or suffering from domestic abuse.
Employers should consider re-examining their financial wellness offerings because access to a 401(k) and a 401(k) matching program are the most important benefits to employees, says a survey.
Employers have an opportunity to lessen the significant burden of this debt for their employees — while cultivating a more cutting-edge benefits package that can also appeal to prospective talent.