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IRS Approves Request for 401(k) Plan-Related Student Loan Benefit Program
Wednesday, December 5, 2018
Most employers today offer employees retirement plans allowing pretax contributions, such as 401(k) Plans, and have been looking for ways to assist their employees with addressing student loan debt. Under this proposal, employers are permitted to make a nonelective contribution to employees’ defined contribution plans, such as a 401(k).