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Employers Try a New Perk: Matching Student Loan Payments With 401(k) Contributions

Companies seek to prevent workers from falling behind on retirement savings

Many workers with student loans postpone saving for retirement. Now, a handful of companies are trying to prevent them from falling behind on retirement savings by matching their student-loan repayments with contributions to a 401(k) plan.

In recent months, companies including Abbott Laboratories, Travelers Cos. and RaytheonCo. have either launched or announced plans for such programs. The companies join a growing number of others that are helping workers reduce student debt in other ways,

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