SECURE Act 2.0

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]