The benefits world has made enormous strides in this area in recent years, fueled by the efforts and intention of industry professionals and organizations.
With student loan payments resuming Oct. 1, many employers are stepping up to provide guidance and counselor tools or offer one-on-one financial coaching sessions – or even student loan matching for 401(k) plans.
There is a renewed focus on nonqualified retirement plans, which are not subject to ERISA rules and can include deferred-compensation plans, executive bonus plans and split-dollar life insurance plans, says a WTW report.
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