If you have Qualified Student Loan Payments that are causing you not to contribute enough to the Parsons Retirement Savings Plan (RSP) to receive your full employer match, you can request that Parsons match your contribution up to the amount you would have received if you had made those payments as contributions to the RSP.

If you contribute to the RSP during the year, you will receive the annual company contribution when posted to your account on the last business day in January of the year following the plan year.

If you do not contribute to the RSP during the year, or do not contribute enough to receive the full employer match, you can request the Parsons matching contributions by logging into to your account at Principal. Please note that you have until March 31 of the year following the end of the plan year to submit your request for matching contributions.

Any additional match due, based on student loan payments will be deposited on or about the first week of May following the March 31 deadline for submission.
You cannot receive more that the annual maximum contribution that you would have received if you made contributions to the RSP.

Get started by logging into your RSP account at Principal.com and certifying your qualified student loan payments.

Call Principal at 800.547.7754. Retirement specialists are available Monday through Friday from 7 a.m. to 9 p.m. CT.