More employers add 401(k) plan match for those paying student loans

More employers add 401(k) plan match for those paying student loans


Key Points
  • More companies are choosing to offer a 401(k) plan match to workers who are paying off their student loans.
  • A recent law, Secure 2.0, allowed employers to essentially treat student loan payments like a 401(k) contribution for the purposes of offering a match, starting in 2024.
  • Large companies like Kraft, Workday, News Corp. and Comcast are examples of early adopters.
  • Most employers are not yet offering or planning to offer the benefit, though.



Source

Tricolor CEO received a .25 million bonus weeks before company’s bankruptcy, prosecutors say
Finance

Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say

Key Points Tricolor CEO Daniel Chu directed a deputy to send him $6.25 million in bonuses in August, weeks before the company filed for bankruptcy, U.S. prosecutors alleged. Chu is accused of engaging in “systemic fraud” over roughly seven years through 2025, according to an indictment unsealed on Wednesday. Prosecutors say Chu used some of […]

Read More
Stocks making the biggest moves midday: Oracle, Jabil, Paramount, Texas Pacific & more
Finance

Stocks making the biggest moves midday: Oracle, Jabil, Paramount, Texas Pacific & more

Check out the companies making the biggest moves in midday trading: Texas Pacific Land — Shares of the large Texas landowner jumped 8% after it struck a deal with Bolt Data & Energy to develop large-scale data center campuses on properties owned by Texas Pacific Land. Jabil — The electronics firm fell about 2%, however, […]

Read More
Stocks making the biggest moves premarket: Netflix, Amazon, Lennar, General Mills & more
Finance

Stocks making the biggest moves premarket: Netflix, Amazon, Lennar, General Mills & more

Check out the companies making the biggest moves in premarket trading: Warner Bros. Discovery , Netflix , Paramount Skydance — Warner Bros. Discovery’s board unanimously recommended that shareholders reject Paramount Skydance’s takeover bid and stick with Netflix’s proposal — which they called “superior.” Netflix shares ticked higher by 1.4% in the premarket. Warner shed 1.8% […]

Read More