Insperity

JUNE 26, 2018

Once a rare employee benefit found only at large, high-end accounting, law and tech firms, student loan repayment benefits are growing rapidly as a way to lure young talent with hot degrees. It’s not surprising that the desire for help repaying student loans would be popular. How much will you offer?

401(k) 61

401(k) Benefits Package Taxes Banking 61

International Foundation of Employee Benefit Plans

AUGUST 31, 2023

With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 appeared first on Word on Benefits.

Retirement Plan 91

Retirement Plan 401(k) Employment Education 91

International Foundation of Employee Benefit Plans

SEPTEMBER 1, 2022

President Biden’s student loan relief plan is affecting employers’ considerations for student loan repayment benefits, according to a new survey report from the International Foundation of Employee Benefit Plans. Read more > The post Are Employers Revisiting Student Loan Repayment Strategies Now?

Employment 95

Employment Employee Benefits Human Resources Education 95

Winston Benefits

DECEMBER 1, 2016

While many employers offer tuition assistance for workers looking to improve their education, a benefit gaining traction is student-loan repayment, which helps employees who’ve already completed their schooling. As the level of student-loan debt in the U.S.

Employment 51

Employment Education Employee Benefits IT 51

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 17, 2023

legislation that was enacted at the end of 2022 included an expansion of the ability for a section 401(k) or 403(b) plan, or a governmental section 457(b) plan, to provide matching contributions on participants’ student loan payments. These requirements made the benefit unattractive for many employers. Prior to SECURE 2.0,

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401(k) Education Taxes Employment 115

PeopleKeep

MAY 25, 2022

Many organizations are exploring unique employee benefits programs and increasing compensation packages to attract and retain top talent. Offering your employees student loan repayment benefits can be an attractive way to recruit job seekers. Want more tips that will help you recruit and retain?

Recruitment 98

Recruitment Employee Benefits Employment Education 98

Best Money Moves

SEPTEMBER 5, 2023

For instance, some corporations have invested in employee financial benefits that support future homeowners, such as access to small-balance mortgage loans or down payment assistance programs. Fight racial wealth inequality with student loan assistance.

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401(k) Banking Employment IT 93

International Foundation of Employee Benefit Plans

MAY 10, 2022

Student loan debt rises in the U.S. Read more > The post Student Loan Repayment Options: The Key to Attracting and Retaining Employees appeared first on Word on Benefits. each year, and the total reached $1.73 trillion most recently.

Education 82

Education Employee Benefits Management 82

McDermott Will & Emery Employee Benefits

JANUARY 17, 2023

What can employers do to assist workers with student loan debt? According to this PlanSponsor article, some strategies include direct-to-worker payments or an indirect option for student debt repayment benefits. The post Employer Benefits to Assist with Student Loan Debt appeared first on EMPLOYEE BENEFITS BLOG.

Employment 84

Employment Employee Benefits Retirement Plan 84

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

Treatment of Student Loan Repayments as Elective Deferrals for Matching Contribution Purposes. allows 401(k), 403(b), 457(b) and SIMPLE plans to treat an employee’s “qualifying student loan payments” as elective deferrals for purposes of receiving matching contributions. Retirement Savings Lost and Found.SECURE 2.0

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401(k) Retirement Plan Education Finance 98

Best Money Moves

APRIL 2, 2024

A quality benefits strategy should include financial literacy tools to better support employees. Here are the key components of a successful financial literacy strategy, plus how you can use the right benefits to improve the quality of life for your team. Financial Literacy Month: Fundamentals of Financial Literacy.

Retirement Plan 91

Retirement Plan Education Employment Management 91

Best Money Moves

JULY 19, 2022

Provide student loan repayment assistance. Since the federal student loan pause started in 2020, repayment has not been top-of-mind for most Americans. However, this is expected to change starting August 31, 2022 — when student loan repayment, interest and collections pause is scheduled to expire.

Employment 91

Employment Retirement Plan Food Taxes 91

Best Money Moves

JUNE 1, 2022

5 benefits to help employees cope with inflation. Here’s how employers can support their teams cope with inflation with the right benefits choices. . Here are 5 benefits employers can use to help employees cope with inflation. Improved Retirement Benefits. Student Loan Repayment Assistance.

401(k) 99

401(k) Out of Pocket Cost Benefits Package Finance 99

Employee Benefits

JANUARY 26, 2024

Credit: Anne Czichos / Shutterstock.com Restaurant chain Chipotle Mexican Grill has introduced enhanced financial and mental wellbeing benefits for more than 110,000 employees. Chipotle has also introduced a student loan verification scheme, in conjunction with personal finance firm SoFi’s.

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Family and Medical Leave Act 401(k) Pension Human Resources 59

Business Management Daily

SEPTEMBER 6, 2023

You can help employees with their current educational expenses, pick up their student loans, or even help out employees’ children with their educational expenses. But if you don’t do things correctly, the benefits you provide will be taxable to employees, which defeats your goal. Learn from this employer’s mistake.

Education 52

Education Taxes Recruitment Employment 52

Insperity

OCTOBER 10, 2023

workers who are in earlier or middle stages of their careers, their ability to contribute to a retirement savings plan has been hindered by household debt and repayment of student loan debt. Student loan debt impacts more than one in four Americans and exceeds $1.6 However, the benefits of the SECURE 2.0

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401(k) Retirement Plan Taxes Benefits Package 108

HR Lineup

SEPTEMBER 29, 2023

Peanut Butter Peanut Butter specializes in student loan assistance programs for employers, helping employees manage their student loan debt. It stands out for its innovative approach, which includes employer-sponsored student loan contributions.

Software 52

Software Retirement Plan Financial Counseling Education 52

PeopleKeep

MAY 18, 2022

While more traditional benefits like group health insurance and retirement plans are still great options for your employee benefits package , priorities for job candidates have changed. In recent years education benefits have become one of the most in-demand employee benefits options alongside wellness programs.

Education 97

Education Retirement Plan Benefits Package Health Insurance 97

Best Money Moves

JANUARY 3, 2024

3 impacts of employee student debt in 2024. Student debt payments have resumed following 3 years of forbearance. Learn how student debt could impact your team during 2024. After a three-and-a-half-year forbearance period, federal student debt payments resumed in October of 2023.

401(k) 52

401(k) PTO Education Finance 52

Empuls

DECEMBER 12, 2023

While such situations feel challenging, you can find loans to finance your situation. New employees starting their careers may find it difficult to obtain loans. This is particularly common in Italy, where employer-provided loans make up 15.8 billion euros. These initiatives make Nvidia one of the most sought-after companies. 

Finance 40

Finance Deductions Deductible Employee Retention 40

WEX Inc.

OCTOBER 5, 2023

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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Voluntary Benefits Life Insurance Health Insurance 98

Abel HR

NOVEMBER 24, 2021

Nowadays, more than two-thirds of college students graduate with loans. While politicians duke it out over loan payment reforms, business owners are jumping into the fray to help students knock down their debt to attract and perhaps most crucially, retain top talent. Indeed, 44.7 Prior to the pandemic, 11.1

401(k) 52

401(k) Taxes Education Payroll 52

HR Lineup

OCTOBER 2, 2023

One of Peanut Butter’s standout features is its student loan assistance program. With student debt becoming an increasingly burdensome issue for many employees, this tool enables organizations to contribute directly toward their employees’ student loan repayments.

Education 52

Education Software Employment IT 52

HR Lineup

FEBRUARY 20, 2023

This platform allows companies to provide employees with a lump sum of money to be used for various purposes, such as paying off student loans, starting a business, or purchasing a home. Once approved, the employee receives the funds, and their repayment terms are established based on their future earnings.

Finance 52

Finance Technology Management IT 52

Best Money Moves

NOVEMBER 30, 2021

5 must have employee benefits and perks for 2022. A new year means new opportunities to improve your benefits packages and offer more support to your team. 2022 is right around the corner, and with it comes a new opportunity to update your benefits offerings to better serve your employees. . Help with student loan repayment.

Family and Medical Leave Act 94

Family and Medical Leave Act Employee Benefits Paid Leave Benefits Package 94

Higginbotham

NOVEMBER 2, 2023

Financial wellness benefits can help employees tackle their money challenges. However, there are many types of personal financial wellness benefits, each catering to unique needs. When creating your organization’s financial wellness benefits package, consider the specific financial challenges impacting your employees.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

AssuredPartners

DECEMBER 8, 2021

There was a time when a modest 401(k) match and employer-sponsored healthcare was considered an attractive benefits package. It’s not just workers who reap the rewards of company-sponsored offerings- employers benefit as well. Student loan repayment.

401(k) 75

401(k) Benefits Package Taxes Healthcare 75

WEX Inc.

AUGUST 23, 2023

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. Why are some examples of voluntary benefits?

Voluntary Benefits 98

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Best Money Moves

MAY 10, 2022

5 benefits for employers to retain and attract top talent. Retain and attract top talent with these 5 standout benefits. If your team is worried about the cost of losing talent, it could be time to reevaluate your benefits strategy. Here are the 5 best benefits to help retain and attract top talent.

401(k) 106

401(k) Employment Retirement Plan Financial Counseling 106

InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

Empuls

APRIL 22, 2024

  Beyond the paycheck: how employee benefit makes them happier  A competitive salary is essential to attract and retain top talent. Comprehensive employee benefit packages are increasingly becoming a deciding factor in job satisfaction and happiness. 

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Griffin Benefits

MARCH 16, 2022

When 56% of student loan borrowers say they’d take a punch in the face from heavyweight boxing legend Mike Tyson and 40% would take one year off their life expectancy if it meant they’d be relieved of student debt , it probably means the public is under financial stress. 2) One size doesn’t fit all.

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Flexible Spending Account Retirement Plan Health Savings Account Voluntary Benefits 86

AssuredPartners

SEPTEMBER 25, 2023

From Baby Boomers who have decades of experience to Gen Zer's just starting their careers, each generation brings unique perspectives and expectations when it comes to the benefits that they value the most. One way to bridge this gap is through the strategic design of employee benefits packages that cater to an age diverse population.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

HR Digest

APRIL 22, 2023

The job market is constantly evolving, and as a result, the employee benefits regulations that are expected from employers are also changing. Today, employers are under increasing pressure to stay ahead of employee benefits trends and offer a comprehensive range of workplace benefits that cater to the diverse needs of their employees.

401(k) 105

401(k) Parental Leave Benefits Package PTO 105

15Five

FEBRUARY 1, 2024

Whether you’re trying to improve your company culture, make changes to your workplace, or even upgrade your compensation package, getting feedback from everyone helps you make decisions that benefit everyone. If you want to retain these top performers, think of ways you can accommodate those who won’t benefit as much from the latest trends.

401(k) 78

401(k) Human Resources Health Work From Home 78

HR Bartender

MAY 24, 2016

They manage tuition and student loan programs for approximately 160 large employers, handling more than $500 in tuition and loan payments each year. In his comments, he mentioned a new trend in employee benefits: student loan benefit programs. What are student loan benefit programs?

Recruitment 73

Recruitment Parental Leave Education Bonuses 73

Higginbotham

OCTOBER 5, 2023

To stay ahead in the talent acquisition game, business owners and managers must consider innovative employee benefits that go beyond the basics. In this article, we will explore a range of innovative employee benefits that can help companies attract and retain the best talent in their industries.

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Health Insurance Employee Benefits Insurance 401(k) 52