For plan years beginning in 2024, this new optional opportunity is for the plan to treat Qualified Student Loan Payments (QSLPs) as if they were elective deferrals to the plan (even though they were not contributed to the plan) and to provide a matching contribution to the plan as if they were.
Posted on October 1, 2024 By Kushner & Company
Categories:
401(k),
Administration,
Blog,
Combo Plans,
Defined Contribution Plan,
Educational Assistance,
Retirement Plans
Given all the recent news about student loans and the impact on both individual lives and the economy as a whole, we thought it was time to review what an employer can do to assist those either currently in post-secondary or technical schools as well as those who have graduated and now have loans.
Posted on April 15, 2024 By Kushner & Company
Categories:
401(k),
Benefits,
Blog,
Defined Contribution Plan,
Educational Assistance,
ERISA-ACA Compliance,
Learning and Development,
Team Rewards,
Total Rewards,
Work / Life Balance
