What you need to know
The Student Debt 401(k) Match Program can qualify you for the Workday 401(k) match through qualifying student loan payments. Guess you just got schooled!
Score some retirement savings
Don’t sweat it if you can’t swing saving for retirement at the same time you’re paying off your student loans. The Student Debt 401(k) Match Program is a perfect solution.
As long as you’re enrolled in the program, contributing 6% of your salary between your student loans and your 401(k) qualifies you for the full Workday 401(k) match. You'll also get credit for a Workday match if you contribute anything between your student loans and your 401(k). Every little bit helps, even if 6% isn't possible for you right now.
At the end of each year, Fidelity will tally up all your student loan payments from that year. Then, in January of the next year, Workday will make a corresponding true-up contribution to your 401(k).
Prospective Enrollees
Prospective Enrollees
To get started, you must enroll on Fidelity’s website and upload your student loan payment information. Your loan will qualify for the program from the day you enroll. You will be required to visit Fidelity’s website to provide documentation for any monthly loan payments that you want to be considered.
Existing Enrollees
Existing Enrollees
You need to manually upload student loan statements for each month that you participate in the Student Debt 401(k) Match Program. To double-check or upload statements, log in to Fidelity. From the NetBenefits home page, under the Your Accounts & Benefits tab in the main navigation, select Student debt retirement contribution. For detailed information on uploading your statements, use the step-by-step guide.