Securian Financial is partnering with BenefitEd to offer a suite of education benefits to workplace retirement plan customers. These benefits include employer-assisted student loan repayment, college savings, student loan repayment support and tuition reimbursement. The offerings also include “Employee Choice,” a benefit that permits employees to direct employer matches to their student loan repayment, their retirement plan or both.
All of these benefits will be made available to Securian Financial customers at reduced pricing.
Securian notes that more than 44 million Americans are carrying student debt, and, in 2018, more than 65% of graduates from public and private nonprofit colleges left with college debt averaging $29,200 looming over them.
“With student loan debt being a significant financial pain point for countless Americans, we are excited to team up with BenefitEd to offer these important benefits to our customers,” says Brandon Bellin, director and actuary for retirement solutions at Securian Financial.