"[A]dding a [qualified student loan payment (QSLP)] matching contribution increases the administrative complexity of a plan.... [I]nclusion of a QSLP feature should act as an attraction and retention tool for employers looking to hire recent graduates, millennials and even older workers with remaining outstanding student loan debt.... Employers should proceed with caution as they consider amending their existing plan or starting a new plan that includes ... emergency savings accounts.... [E]mployee education can prove the difference-maker when it comes to perceived benefits to participants."

MORE >>