How Your 401k Plan Matches Student Loan Payments

Starting in 2024, the SECURE 2.0 Act allows employers to make matching contributions to your 401k based on your student loan payments, even if you don't contribute to the plan yourself. In this episode, Lucas and Luna break down how the provision works, who qualifies, and why it could be a game-changer for younger workers juggling debt and retirement savings. They walk through a real-world example: a 28-year-old earning $65,000 with $40,000 in student loans who could build a $200,000 retirement balance by age 65 without ever making a 401k contribution. They also discuss plan adoption rates, employer hurdles, and what to ask your HR department. If you're skipping the 401k to pay down loans, this rule might change your math entirely. #StudentLoanMatch #SECURE2.0 #401k #StudentLoans #RetirementSavings #EmployerMatch #Finance #PersonalFinance #WealthBuilding #DebtManagement #WorkplaceBenefits #HR #Fiduciary #PlanSponsor #FexingoBusiness #BusinessPodcast #The401kPodcast #RetirementPlanning Keep every episode free: buymeacoffee.com/fexingo