# SECURE Act 2.0

## Student Loan Matching Program

A game-changing benefit that helps employees build retirement savings while paying off student loans

$1.75T
Total U.S. Student Debt
45M
Americans with Student Loans
$37K
Average Debt per Borrower

## What is the Student Loan Matching Program?

### For Employees

Make student loan payments and receive employer 401(k) matching contributions as if you contributed directly to your retirement account. No need to choose between paying off debt and saving for retirement.

### For Employers

Offer a competitive benefit that helps younger employees build retirement savings while managing student debt. Improve retention and attract top talent without increasing costs.

## Real-World Impact Examples

👩‍🎓

### Recent Graduate

Salary: $50,000

Total Student Debt: $35,000

Monthly Payment: $400

Loan Term: 11 years

Employer Match: 4%

$275,117

Retirement value at age 65

$22,000 in matching over 11 years

👨‍💼

### MBA Graduate

Salary: $85,000

Total Student Debt: $65,000

Monthly Payment: $650

Loan Term: 14 years

Employer Match: 5%

$424,608

Retirement value at age 65

$59,500 in matching over 14 years

👩‍⚕️

### Medical Professional

Salary: $120,000

Total Student Debt: $200,000

Monthly Payment: $1,800

Loan Term: 17 years

Employer Match: 6%

$285,000

Retirement value at age 65

$122,400 in matching over 17 years

👩‍🏫

### Public School Teacher

Salary: $45,000

Total Student Debt: $42,000

Monthly Payment: $350

Loan Term: 21 years

Employer Match: 3%

$58,000

Retirement value at age 65

$28,350 in matching over 21 years

👨‍💻

### Software Engineer

Salary: $95,000

Total Student Debt: $28,000

Monthly Payment: $500

Loan Term: 6 years

Employer Match: 6%

$112,000

Retirement value at age 65

$34,200 in matching over 6 years

⚖️

### Attorney

Salary: $75,000

Total Student Debt: $150,000

Monthly Payment: $1,200

Loan Term: 23 years

Employer Match: 4%

$95,000

Retirement value at age 65

$69,000 in matching over 23 years

Click any example to load it into the calculator below

## Calculate Your Personal Impact

### Your Information

Annual Salary
Total Student Debt
Monthly Loan Payment
Employer Match Rate (%)
Current Age

### Net Worth Comparison

Loan Payoff

Total Matching

Value at 65

#### Calculator Inputs

Annual Salary:
Total Debt:
Monthly Payment:
Match Rate:
Current Age:

Generated from SECURE Act 2.0 Calculator - https://401k.ansonbiggs.com

#### How the Calculation Works

- • Employer Matching: Your employer matches your student loan payments as 401(k) contributions, up to the specified match rate (% of salary)
- • Annual Match Amount: Minimum of (your annual loan payments, match cap based on salary percentage)
- • Compound Growth: Each year's contribution grows at 7% annually from the time it's contributed until retirement
- • Net Worth: Calculated as retirement account balance minus remaining student loan debt

#### Key Assumptions

- • Investment Returns: 7% average annual return (historical S&P 500 average)
- • Loan Interest Rate: 5% annual rate (federal student loan average)
- • Retirement Age: 65 years old
- • Without Program: After loan payoff, you contribute the same amount to 401(k) that was going to loans (up to match cap)

Note: This calculator provides estimates for educational purposes. Actual results will vary based on your specific loan terms, employer plan details, investment performance, and contribution consistency. Consult with a financial advisor for personalized advice.

## Why Employers Should Offer This Program

🎯

### Attract Talent

Stand out to younger professionals with student debt

💰

### No Extra Cost

Use existing 401(k) match budget more effectively

📈

### Improve Retention

Employees value benefits that address real financial challenges

⚖️

### Promote Equity

Help all employees access retirement benefits equally

## Ready to Make an Impact?

The SECURE Act 2.0 student loan matching program can transform your employees' financial futures. The time to act is now.

### SECURE Act 2.0 Resources for Employers

Learn how major retirement plan providers can help you implement student loan matching:

#### Fidelity Workplace

Student debt and retirement solutions - comprehensive guide to implementing SECURE Act 2.0 matching programs

#### Vanguard

What SECURE 2.0 means for young savers - insights on student loan matching benefits

#### Charles Schwab

Retirement planning resources and 401(k) solutions

#### IRS Official Guidance

SECURE 2.0 Act of 2022 - official IRS guidance and regulatory information

Next Steps: Contact your retirement plan provider to discuss implementing student loan matching. Most major providers now offer SECURE Act 2.0 compliant solutions.

### Request Student Loan 401(k) Matching

Use this email template to ask your HR department about implementing SECURE Act 2.0 student loan matching:

Email Template
Subject: Inquiry About SECURE Act 2.0 Student Loan 401(k) Matching Benefit Dear [HR Team/Benefits Administrator], I hope this email finds you well. I'm writing to inquire about a new retirement benefit opportunity made available through the SECURE Act 2.0 that could significantly benefit employees with student loans. The SECURE Act 2.0, which took effect in 2024, allows employers to make matching contributions to employees' 401(k) accounts based on their qualified student loan payments. This means employees who are paying down student debt can still receive employer retirement matching contributions, even if they can't afford to contribute directly to their 401(k). Key benefits of this program include: • Helping employees build retirement savings while managing student debt • Improving employee retention and satisfaction • Promoting financial wellness and equity across the organization • No additional cost beyond existing 401(k) matching budget According to recent data, the average borrower has $37,000 in student loan debt. With this benefit, an employee making $400/month in loan payments could receive approximately $1,920 annually in employer matching contributions (assuming a 4% match rate). I'd like to know: 1. Is our company currently offering this student loan 401(k) matching benefit? 2. If not, what would be needed to implement this program? 3. Are there plans to consider this benefit in the future? Many major retirement plan providers including Fidelity, Vanguard, and Schwab now offer SECURE Act 2.0 compliant solutions to facilitate this benefit. I believe this could make a meaningful difference for many employees at our company. I'd be happy to discuss this further or provide additional information about the program. Thank you for considering this request and for your continued efforts to support employee financial wellness. Best regards, [Your Name] [Your Department] [Your Contact Information]

Tips: • Personalize the template with your company's specific matching rate if known • Include your own student loan situation if comfortable sharing • Consider gathering support from colleagues before sending

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