Student Debt Retirement Savings Match toolkit
A suite of materials to help you launch, promote, and leverage your new benefit
What is a toolkit?
A toolkit is a suite of materials provided to help you promote, launch, and celebrate the Student Debt Retirement Savings Match benefit with current and prospective employees. Toolkit resources include emails, digital signage, flyers, and other information to help engage your employees. This page acts as a one-stop shop for all things related to your benefit, from engagement materials to a look inside your employees' experience, as well as links to other helpful tools and PSW pages.
Why should I use the Student Debt Retirement Savings Match toolkit?
Materials in this toolkit help build awareness for your employees about how enrolling will empower them to leverage their student debt payments to receive contributions to their retirement plan. This innovative benefit allows your employees to receive their full retirement match while continuing to pay down loans. There’s no need to sacrifice saving later –and miss out on future compounding effects –in order to pay loans now.
The sections below outline the flow of your employees’ journey and offer a phased approach:
How do I start?
Click on the links below, download the materials you want to use, and edit the resources as needed. To prepare for launching the benefit, please use this playbook. It provides a step-by-step guide to help you engage your employees and drive usage of this amazing benefit.
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Announce |
Yell it from the rooftops! Tell your employees about their great new benefit. The announcement email conveys your commitment to help your employees save for retirement while paying down their student debt, describing the benefit and directing them to learn more with the Student Debt Tool OR a short benefit overview video. We’ve also provided a longer version of the video as an option. Download Announcement emails: Benefit overview video, short version
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Educate |
Help your employees understand the program basics and how to enroll with an educational email. This email links employees to the Getting Started Guide, which provides details on how the program works and what to expect before enrollment. We’ve also provided a link to the Student Debt Tool, which offers strategies for paying off student debt. You can use the email, guide and the tool together or separately. Download Education email: Download Getting Started Guide |
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Enroll |
It's showtime – enrollment is open. We've handled some of the heavy lifting for you, driving awareness with an invitation and reminder email, for both new enrollees and those who are reenrolling. The invitation will go to all eligible employees as a part of implementation, and you can configure the reminder email cadence at any time. Ensure maximum employee engagement with digital signage and bricklet. You can place these graphics on your intranet site, corporate desktop, or screensaver. There's a QR code embedded for employees to easily scan, directing them to a guidance page for enrolling in the program. Download Enrollment Invitation (Fidelity sent)
Download poster |
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Track payments & review |
Now, the fun begins! Once an employee enrolls, they're participating in the benefit. All participating employees will add loans via upload. They’ll need to log in on a regular basis to review their payment history to receive their end-of-year match. For more information about the ongoing payment and review process, reference the SDR participant experience PDF. Directly before your annual review period opens, download and socialize the Annual Review Guide. Review the SDR participant experience |
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Celebrate |
Time to celebrate! It's importance to acknowledge how this benefit sets your company apart in a competitive job market. Use the celebration power point slide to reinforce that you're a leader in this space and are committed to helping your employees by adopting such a unique benefit. Showcase the number of employees enrolled, total student loan payments paid, and additional match contributions earned from student loan payments (data available via the Student Debt section of PSW). It's a great way to recognize this impactful benefit. Download Celebration PPT |
Additional helpful resources
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2024 Finicity decommission |
As of 31 July 2024, connecting loan statements via Finicity is no longer an option. Moving forward, all participating employees will add loans via upload. During the week of 5 August 2024, employees using Finicity will receive the Finicity decommission announcement email, alerting them of the change to uploaded statements. Alerts will also be displayed in the product experience for further guidance. The Finicity reminder OFT has also been provided here as an additional touchpoint for plan sponsors to send no earlier than Monday 12 August 2024. Download the Finicity decommission announcement (Fidelity sent) Finicity decommission reminder OFT |
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Recruiting materials |
Use this flyer to tell prospective employees about this valuable benefit. Share how much you care about your employees and the total retirement savings they could receive if they joined your company. Download social sharing copy |
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Student Debt Tool |
Want to help your employees learn if there's a better way to pay off their student loans? This easy-to-use tool helps them assess, track, and understand new strategies for paying off student debt. |
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Student Debt Relief & participant help |
In response to the Department of Education's Student Debt Relief Plan, we have curated FAQs and other materials to help you and your employees navigate the loan forgiveness program. Click here to visit the Fidelity Workplace Student Debt Page |