Student Loan Retirement Match

Uplifting music plays throughout.

A man is wearing a graduation cap and gown.

Female narrator: Whether college was yesterday or 20 years ago, your career started when you invested in your future and earned your diploma.

The man's clothes change from the cap and gown to gray jacket and white shirt. The scene zooms out to see a diploma floating over the man.

Narrator: But is the cost of that diploma hanging over you, preventing you from saving for other life goals, like a home, new car, or retirement?

A raincloud with the text appears above the man's diploma, and the sky darkens. The man has a worried look on his face, as thought bubbles of a house and car appear beside the diploma.

Onscreen text:
Student Loan Debt

Narrator: Don't let that get you down. There's a silver lining.

The cloud brightens and shines, and the man looks relieved. As the cloud brightens, the text in the cloud changes.

Onscreen text:
Student Loan Retirement Match

Narrator: The Student Loan Retirement Match Program available through your employer.

The scene shifts to the man standing over a yellow background, with the man pointing to a laptop with a Student Loan Match checklist on the screen.

Onscreen text:
Student Loan Match

Narrator: You may be eligible for this helpful new benefit.

The scene pans over to a bank building. Text appears above the building.

Onscreen text:
Qualified Student Loan Payments

Narrator: If you made qualified student loan payments last year, you can apply to receive matching employer deposits to your 401k, even if you haven't started making contributions yet.

The man produces cash and hands it to the bank building; the cash floats into the bank. Then, the text above the bank changes. The man's employer, a woman holding cash and a folder, appears on the right-hand side of the scene. She also deposits cash into the bank building.

Onscreen text:
You can apply to receive matching employer deposits to your 401(k).

The scene changes to a blue background with a question mark and text appearing on screen.

Onscreen text:
How does it work?
Your eligibility for the student loan match starts on the date you become eligible for your company's retirement plan.

Narrator: Keep in mind that your eligibility for the student loan retirement match starts on the date you become eligible for your company's retirement plan.

The text on screen disappears. A calendar with the date appears, and two hands appear and handshake beneath the calendar.

Onscreen text:
May 15

The handshake pans off screen, and the calendar changes to "July 1." Then, a graduation cap acting as a piggy bank appears to the right of the calendar. There is a slot for coins on top of the cap. A hand holding a gold coin appears and drops a coin into the slot. The hand continues dropping gold coins into the cap as the months progress.

Onscreen text:
July 1
September
October
November
December

Narrator: For example, if you were hired on May 15th and became an eligible participant on July 1st, you can claim the payments you made since July 1st.

The scene changes to show a projector screen. Text appears on the screen as the screen zooms in to cover the whole scene.

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Example Scenario

Narrator: Here's an example of how this could work.

A bag of cash with coins appears, with text beneath the bag. A disclosure appears at the bottom of the scene.

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Salary
$100,000
For illustrative purposes only. Your employer may have a maximum match rate as well as other restrictions. Employer contributions are paid on a pre-tax basis and may be taxable at withdrawal.

Narrator: Say you make $100,000 per year and made $10,000 in payments towards your student loan debt during the last plan year.

The scene shifts into a data table. Each row appears one by one as the narrator explains.

Onscreen text:

For illustrative purposes only. Your employer may have a maximum match rate as well as other restrictions. Employer contributions are paid on a pre-tax basis and may be taxable at withdrawal.

Narrator: Then, let's assume that your employer's 401(k) plan provides a matching contribution equal to 100% of 401(k) contributions and qualified student loan payments, up to the first 5% of your compensation. This means your employer's matching contribution would be $5,000. Why leave money behind?

The scene changes back to the man from the beginning, walking down a road away from the screen towards a city skyline far in the distance.

Narrator: Claim qualified student loan payments to get your matching contribution.

The scene pans up towards the sky, and we see the sun rise and shine over the city skyline.

Narrator: Turn that cloud into a brighter future today.

Text appears on screen, overlapping the sun.

Onscreen text:
Apply Now
Call 1-800-724-7526
OR
Log in to your account at
workplace.schwab.com
Take action before the claim deadline.
Deadlines vary by plan but are no earlier than three months after the close of each plan year.

Narrator: Apply now by calling 1-800-724-7526 or logging into your account at workplace.schwab.com before the claim deadline.

Music stops.

The scene fades to white, and the sign turns into the Charles Schwab logo. Brand music plays.

Schwab Retirement Plan Services, Inc. provides recordkeeping and related services with respect to retirement plans and has provided this communication to your as part of the recordkeeping services it provides to the Plan.

©2025 Schwab Retirement Plan Services, Inc. All rights reserved.

MWD (0325-ZVFG) ELC127253-00 (03/25)