Partners Richard Chargar
and Pamela Kaplan
and associate Marc Nawyn
authored the Law360
article “Tips For Offering Student Loan Benefits Under 401(k) Plans.” The article discusses a recent IRS ruling that employees who make student loan repayments in lieu of 401 (k) plan contributions would no longer have to lose the economic benefit of the employer matching contributions that they would have received in connection with such foregone contributions. The ruling states that employer nonelective contributions to a 401(k) plan for employees who make student loan repayments would not violate the Internal Revenue Code’s “contingent benefit rule.”
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