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,