Invest in Employee Financial Wellbeing with Student Loan Debt Paydowns
… the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0. The SECURE Act 2.0 provides employers with the opportunity to amend their 401(k) plans to allow student loan debt repayments as an elective deferral starting on January 1, 2024. Employers can make matching contributions towards their employee’s qualified student loan repayments, whether or not the employee contributes to their 401(k) plan. For more information, check out our articles SECURE Act 2.0 – It’s About Time and 401(k) Plans, Student Loan Debt and the SECURE Act 2.0. There is another way employers …
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