Small Contributions Can Make a Big Impact
- Employers can contribute up to $5,250/year tax-free
- Employees can pay down their debt faster saving time and money
Support for SECURE 2.0
Beginning in 2024, the SECURE 2.0 Act allows employers to provide retirement plan contributions based on employee student loan payments. ION can help companies validate loan payments.
Recruit & Retain Top Talent
Offer student loan contributions as a signing bonus and increase contribution amounts based on tenure.
%
of employers currently offer student loan debt assistance
31 percent of employers plan to offer student loan contributions.
Provide your employees with student loan repayment assistance benefits. IonTuition’s IonPay platform allows you to conveniently pay down student loan debt. See the difference this employee perks program can make for your company — contact us to request a demo.
Source: Employee Benefit Research Institute
CUSTOMIZABLE TAX-FREE PAYROLL CONTRIBUTIONS
Make matching or fixed contributions towards your employees’ loans.
One-time, per-pay-check, monthly, or annual contributions
Change contribution amounts based on tenure — give employees a reason to stay!
SECURE 2.0 SUPPORT
Track your employees’ student loan payments and tie them to their retirement contributions.