Understanding Student Loan Matching Programs

Student loans can hold your employees back—and their retirement savings too. A student loan matching program can change that.

How a student loan matching program works:

Employees make their student loan payments.
Employers match those payments with retirement contributions.

Why it’s a game-changer:

Attract talent: 40% of workers would change jobs for better benefits.[1]
Boost wellness: Help employees pay loans and save for the future.
Stay competitive: Stand out, especially with Millennials and Gen Z.

Starting in 2025, SECURE 2.0 makes it easier to match loan payments with retirement contributions. Is this program right for your team?

Student Loan Matching Guide

Frank P. Zocco, Jr., CFP®, AIF®, CRPS®

Partner

Jacobs Financial Partners, LLC

95 Glastonbury Blvd, Suite 210

Glastonbury, CT 06033

(860) 657-8757

Investment Adviser Representative offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA / SIPC, a broker-dealer and registered investment adviser. Cetera is under separate ownership from any other named entity.

Distributions from traditional IRA's and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59 ½, may be subject to an additional 10% IRS tax penalty. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.

[1] Willis Towers Watson. “2024 Global Benefits Attitudes Survey.” June 2024.