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New Guidance Allows 401(k) Matches for Student Loans

New Guidance Allows 401(k) Matches for Student Loans

The IRS recently released long-awaited rules that provide employers with clarity on how to implement a popular new 401(k) plan feature: matching contributions for employee student loan payments. This new IRS notice comes after changes made last year under the SECURE 2.0 Act allowed companies to match 401(k) contributions and student loan payments dollar-for-dollar. Who […]
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SECURE 2.0’s Student Loan Matching

SECURE 2.0’s Student Loan Matching

A key provision in the SECURE 2.0 Act that took effect January 1 could be a game-changer for employers looking to assist workers with student debt while also bolstering retirement savings. However, the benefit seems to have been largely overlooked so far by many companies. The new legislation permits employers to match employees’ student loan […]
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