Industry
Construction
The Client
Dillon is an employee-owned professional consulting firm with 25 offices and over 1,100 employees across Canada. Offering a wide range of solutions related to building and improving facilities and infrastructure, protecting the environment, and developing communities.
Implementation
Dillon implemented Marmot’s Student Loan Repayment Benefit to help employees with financial wellness.
![Tanya Cross, Partner, Dillon Consulting]()
"Listening to our employees, we have learned that the stress that student loans can cause impacts overall well-being. The ability to gain control of their finances creates a better environment for our workers."
-Tanya Cross
Partner
Dillon Consulting![Nick Smith, Mechanical Technologist, Dillon Consulting]()
"I would have been over 40 years old by the time my student debt was paid off. It was looking pretty grim and I wasn’t really thinking about whether I was going to buy a house or car or have children because it’s difficult consider those things with so much debt."
-Nick Smith
Mechanical Technologist
Dillon Consulting
Transforming Employee Financial Wellness Through Marmot's Student Debt Relief
Challenges
With financial stress costing Canadian employers $40 billion annually in lost productivity, Dillon Consulting recognized the need to address their employees’ financial wellness. The company sought a solution that would:
Help employees with financial stress that was negatively affecting their well being and work place performance.
Provide meaningful support to financially stressed employees without requiring significant additional benefit funding.
Minimize administrative overhead and resource requirements.
Create a competitive advantage in attracting and retaining top talent.
Deliver a modern, digital-first experience that aligned with their tech-savvy workforce.
Solution
Dillon partnered with Marmot to implement an innovative student debt repayment program that:
Enables employees to redirect their existing Capital Accumulation Plan (CAP) contributions toward student loan repayment.
Flexible rules allow employees to allocate up to 100% of their employer-matched contributions to pay down student loans.
Leverages existing benefit budgets to deliver meaningful financial support without increasing costs.
Results
The program has delivered substantial benefits for both Dillon Consulting and its employees:
For Employees
Through the Marmot Student Loan Benefit program, employees saved an average of $13,000 on their student loans through reduced principal and interest payments.
Employees reduced their loan repayment time by up to 67 months.
Created immediate financial relief while maintaining long-term retirement planning options.
Improved overall financial wellness and reduced financial stress.
Projected Savings: | $13,000/employee |
Average Repayment Reduction: | 67 months |
For Dillon Consulting
Competitive benefits provide an enhanced ability to attract and retain top talent in a competitive market.
Demonstrated commitment to employee financial wellness.
Achieved meaningful impact without increasing benefit costs.
Maintained low administrative overhead through digital automation.
Created a more engaged, productive and focused workforce with reduced financial stress.
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