Treatment of student loan payments as elective deferrals for purposes of matching contributions

Jul 19, 2023 | 2024, Retirement Plan Law

Employees may begin receiving matching contributions on their student loan repayments. Additionally, for purposes of the nondiscrimination test, these contributions may be tested separately from standard matching contributions. Further guidance is expected regarding the facilitation of these types of contributions.


Effective January 1, 2024.


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