401(k) Matches on Student Loan Payments Gain Foothold in Corporate America
Roughly 100 clients of Fidelity Investments are rolling out expanded benefits to help employees struggling to pay down debts and save for retirement.
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For James Bryant, it’s been difficult balancing student loans with life and saving for retirement.
His employer, Verizon Communications Inc. offers a 401(k) match, worth up to 6% of his salary. But between his loans, living expenses and the money he sends his parents, the 37 year old hasn’t always saved enough to get the full match since he started in 2016.