Re: Pay student loan or fund retirement?
The part about your employer contribution rate is a bit confusing. Do they match up to 11% of your income? Or do they match 11% of your contribution?
How much does your company match and what percentage do they match up to?
Most companies match 50% of your contributions up to 6% of your income. This is about the general average.
Either way, I would put money into your 401k. Your 401k will get you an instant match, which is greater than the interest you lose on your student loans. Contribute to your 401k up to your employer's maximum match, then you can start paying extra for your student loans.
To put it in a nutshell, 401k is about the absolute best investment you make. All else being equal, it beats brokerage accounts, savings accounts, and even IRA's. You should contribute first to your 401k before your IRA, simply because your IRA doesn't get a matching contribution.