Topic
Student Loan Repayment
27 published works
Benefits Law Advisor
IRS Guidance Section 127 Education Assistance Programs: 2024 vs. 2026
By Melissa Ostrower, Kellie M. Thomas, Kathryn W. Wheeler, CEBS
In April 2026, the IRS released updated FAQ (FS-2026-10) that supersedes the prior 2024 FAQ (FS-2024-22) addressing Section 127 educational assistance programs. While the core statutory framework remains largely unchanged,…
Beneficially Yours
Major SECURE 2.0 Guidance Issued: Extra Credit for Repaying Qualified Student Loans
By Richard G. Schwartz, Liz Deckman, Sarah Magill
Seyfarth Synopsis: On August 19, 2024, the IRS issued Notice 2024-63 (the “Notice”) providing guidance for plan sponsors that wish to provide matching contributions based on eligible student loan repayments…
Benefits Law Update
IRS Issues Guidance Addressing Matching Contributions on Student Loan Payments
Section 110 of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) permits employers maintaining a 401(k), 403(b), governmental 457(b), or SIMPLE IRA plan to make matching contributions based on qualified…
Consumer Financial Services Law Monitor
CFPB Reports on Student Borrowers’ Experiences During Return to Loan Repayment
By Jovanni Villa, Virginia Bell Flynn
As federal student loan repayments resume after a three-year pause due to the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) published an Issue Spotlight on student borrowers' experiences, using…
Hall Benefits Law Blog
Employer Advocacy Group Requests Guidance from IRS and Treasury on Implementing SECURE 2.0
By Anne Hall
The ERISA Industry Committee (ERIC), an employer advocacy group, has requested guidance from the Internal Revenue Service (IRS) and the U.S. Department of Treasury for implementing SECURE 2.0. In a…
SW Benefits Blog
Three Facts Every Employer Should Know When Considering Student Loan Repayment Benefits in Educational Assistance Programs
By Alapointe
Congress created a temporary employee benefit under the CARES Act that allows employers to contribute up to $5,250 per year against employee student loan repayments. These payments can be excluded…
Compensation & Benefits Blog
SECURE 2.0 Opens the Door on Retirement Match Based on Student Loan Payments
By Seth Safra, Amanda Karpovich
The grab bag of retirement provisions in the SECURE 2.0 legislation that was enacted at the end of 2022 included an expansion of the ability for a section 401(k) or…
Cohen & Buckmann Insights
How SECURE 2.0 Helps Employees Save for Non-Retirement Needs
Continuing with our series of posts about SECURE 2.0, some portions of the new law will significantly increase the flexibility of 401(k) plans to encourage more workers to participate in…
Chicago Business Attorney Blog
Student Loan Repayment
Repayment of Student Debt by Employers Retaining employees, and attracting new ones, has always been at the forefront of employer’s minds, but never more so than right now. An extension…
COVID-19 Workplace Law Advisor
TOP 5 EMPLOYEE BENEFIT PLAN OPPORTUNITIES FOR EMPLOYERS TO CONSIDER IN 2021
A spate of recent legislation and IRS guidance promises to make 2021 an active year for any employer seeking to provide its employees with a competitive array of employee benefits.…