Fidelity's® Student Debt Employer Contribution Program Continues to be Selected by Leading Busin
Fidelity Investments press release ------- With student debt levels reaching crisis proportions in the United States, workplace solutions leader Fidelity Investments® announces significant response to its Student Debt Employer Contribution benefit, with 25 employers making plans to offer the Fidelity program and nearly 9,000 of their eligible employees expected to be enrolled in the program by the end of June.Research shows that providing a student loan assistance option to potential candidates is a powerful tool when encouraging talent to join a company. In fact, participating companies find the game-changing new benefit helpful with recruiting and retaining top talent, since it has unique appeal to several generations, but particularly Millennials, who are quickly asserting themselves as the largest population in today's workforce and often feel stress around prioritizing financial necessities such as saving for retirement or paying for college. The cutting-edge program (supported by Fidelity) provides companies with a competitive advantage in the war for talent, offering employers the ability to make after-tax contributions on their employees' outstanding student loans. This enables employees to pay off the debt faster, which in turn allows them to focus on other savings priorities, including retirement. To learn more click on the picture below to read the release.