SOFI - Kimley-Horn to Offer 401(k) Student Loan Repayment Match in 2024 | Benzinga
Qualifying Employees to Receive Up to 8% of Their Salary Plus Bonus for Outstanding Student Loans from One of the Country's Best 401(k) Plans, in Partnership with SoFi at Work
RALEIGH, N.C., Dec. 13, 2023 /PRNewswire/ -- Kimley-Horn, a premier engineering, planning, and design consultancy with offices across the country, will pay matching contributions into qualifying employees' 401(k) plans based on their student loan repayments. In partnership with SoFi at Work, a leading provider of holistic financial well-being and education benefits to more than 1,000 organizations, the new benefit adds to one of the industry's best financial wellness programs.
Today, after one year of employee service, Kimley-Horn has a match of double the employee's four percent contribution with an eight percent company contribution. On January 1, 2024, employees' student loan repayments can replace all or a portion of the four percent contribution, allowing employees to continue to receive the company's retirement match while paying down their student loans.
In addition to the 200% match, for decades Kimley-Horn has provided an additional generous profit-sharing ...