Securian Financial Teams Up with BenefitEd to Offer Suite of Education Benefits to Workplace Retirement Plan Customers
Securian Financial, through a collaboration with BenefitEd, is making a suite of education benefits available to its workplace retirement plan customers.
The benefits include employer-assisted student loan repayment, college savings, student loan repayment support and tuition reimbursement. Along with "Employee Choice"-a program allowing employees to choose if their employer-matched funds go toward paying off their students loans, funding their retirement plan or both-the benefits are available to Securian Financial retirement plan customers at reduced pricing.
More than 44 million Americans have student loan debt. More than 65% of public and private non-profit college graduates left college with student loan debt in 2018. They carried an average financial burden of $29,200.1
"With student loan debt being a significant financial pain point for countless Americans, we are excited to team up with BenefitEd to offer these important benefits to our customers," said Brandon Bellin, Securian Financial director and actuary for retirement solutions.
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ABOUT SECURIAN FINANCIAL
In 2017, BenefitEd became a joint partnership between Ameritas Life Insurance Corp. and Nelnet, Inc. This partnership leverages Ameritas' expertise in the distribution and management of employee benefits and Nelnet's relationships with student loan lenders and decades of experience in payment processing. Through significant scale and experience, BenefitEd can meet the needs of companies both large and small.
Securian Financial's qualified retirement plan products are offered through a group variable annuity contract issued by Minnesota Life Insurance Company.
Securian Financial is the marketing name for Securian Financial Group, Inc. and affiliates. Minnesota Life Insurance Company is an affiliate of Securian Financial Group, Inc.