Roughly 100 clients of Fidelity Investments are rolling out expanded benefits to help employees struggling to pay down debts and save for retirement. But overall, about 64% of companies don’t plan to roll out an expanded 401(k) match, citing costs as a major reason, according to a survey by the Plan Sponsor Council of America.
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401(k) matches on student loan payments gain foothold in corporate America
“There have been times I didn’t take full advantage of the match,” said Bryant, a senior call-center manager, who graduated from Hartwick College in 2008 with about $75,000 in debt. “My parents probably didn’t save the way they should’ve throughout their lives, and I worry I’m kind of repeating that same cycle.”
