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Back-to-School, Back to Benefits, and Back to Scams
As employees return from summer schedules and schools prepare for another year, there is plenty to keep track of. New staff members are joining districts, employees are catching up on emails, and open enrollment may be just around the corner. Unfortunately, cybercriminals know this busy time of year creates opportunities to catch people off guard….
The Employee-Friendly 403(b) Plan: The Importance of Distribution Flexibility
Authored by Trent Pepper, President & General Counsel A recent article in Plan Sponsor highlights the reality that more and more retirement plan participants are seeking to tap their retirement accounts to address financial emergencies. According to the article: The story reflects a broader shift unfolding inside corporate retirement plans. As inflation continues to pressure…
What Teachers Want: New Research Offers Valuable Insights for School District Leaders
When school districts evaluate their retirement plan offerings, conversations often center on compliance, administration, fees, and provider relationships. While those factors are important, there’s one perspective that deserves special attention: the educators themselves. What do teachers actually want when it comes to retirement planning? A new nationwide survey commissioned by the National Tax-Deferred Savings Association…
Employers and Employees Welcome Growth of Student Loan Match Programs
Much has been written about the student loan crisis. Student loan debt in the United States now exceeds $1.75 trillion and data from federal student loans (which represent 92% of all student loan debt) reflects that the student loan crisis is not limited to those early in their careers. Individuals in the 35-49 age group…
Public Service Employees Express Growing Retirement Concerns: What You Need to Know
Public service employees are the backbone of our communities, dedicating their careers to teaching our children, ensuring public safety, and providing essential health services. Yet a significant portion of these workers fear they won’t have enough funds to retire securely. The findings are concerning: 42% of public service workers are afraid they’ll outlive their retirement…
Helping Employees Save for Retirement While Paying Off Student Loans: Aviben’s Student Loan Match Program
With the rising burden of student loan debt, many employees face the difficult challenge of saving for retirement while also making loan payments. For employers looking to attract and retain top talent, addressing this financial strain is crucial. Aviben offers a solution through its Student Loan Match program, which leverages the provisions of the SECURE…
Key Student Loan Dates and Deadlines for 2024: A Critical Opportunity for Employers
With student loan payments set to resume, many Americans are facing the financial strain of once again factoring these payments into their monthly budgets. The financial burden is particularly heavy for employees who may already be balancing other living expenses in a fluctuating economy. For employers, this presents a unique opportunity to support their workforce…
Fall Financial Checkup: Reassess Your Goals and Maximize Your HSA
As we move past the halfway point of 2024, it’s an ideal time to revisit your financial plans and ensure you’re on track for the coming year. If a mid-year checkup wasn’t on your agenda this summer, fall offers the perfect opportunity to reassess your goals and make any necessary adjustments. One area that deserves…
What Happens to Your Unused FSA Dollars?
Flexible spending accounts (FSAs) are great for expenses like prescription drugs, eyeglasses, and doctor’s appointments. However, when individuals do not use all their funds, they typically lose their remaining account balances. So where does all of that unused money ultimately go? More often than not, it goes straight to the employer to pay for very…
SECURE 2.0 Student Loan Match – Decrease Student Loan Debt and Build Retirement Savings
In October of 2023, the moratorium on student loan repayment was lifted and Americans with outstanding student loans began making payments again on their $1.76 trillion of student loan debt. (1) With 40% of workers still owing money on their student loans and the majority of that number owing more than $10,000, student loan debt…