employee benefits

IRS Issues Guidance on Student Loan Matching
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
Thirty percent of adults in the U.S. report having received a student loan to further their education. According to the Federal Reserve, the median student loan debt for those with outstanding balances in 2023 ranged between $20,000 and $25,000. To help ease this financial burden, employers are increasingly offering a match toward student loan repayments  Read More →
Helping Employees Avoid Retirement Health Care Sticker Shock
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Housing? Check. Life insurance? Check. Dining out? Check. For most retirees, these types of line items are fairly predictable and factored into their monthly budget. But when it comes to health care, the situation can change dramatically. These expenses are often unpredictable and underestimated — and this wild card can disrupt an otherwise carefully planned  Read More →
Repay Student Loans or Save for Retirement? It Doesn’t Have to Be a Tug of War
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Many employees feel squeezed to both pay off their debt and save for their future. A recent Private Letter Ruling (PLR) opens the door for employers to help them. The average student graduating in 2016 has $37,172 in student loan debt.¹ According to the New York Federal Reserve, more than two million student loan borrowers  Read More →

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