Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Team Leader

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Consulting Service Specialist

EPIC RPS
(Remote / Norwich NY)

EPIC RPS logo

Plan Document Specialist

MAP Retirement
(Remote)

MAP Retirement logo

Regional Vice President

Loren D. Stark Company
(Remote / Houston TX)

Loren D. Stark Company logo

AI Retirement Plan Administrator

Well-Funded Retirement-Focused AI Startup
(Remote / Cambridge MA / NY / Hybrid)

Well-Funded Retirement-Focused AI Startup logo

Client Relationship Manager (401k)

Prime Benefits
(Remote / Baltimore MD)

Prime Benefits logo

Employee Benefits Attorney

Reid & Riege PC
(Remote / Hartford CT / Hybrid)

Reid & Riege PC logo

Retirement Relationship Manager

Navia Benefits
(Remote / Eloy AZ)

Navia Benefits logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Text of IRS PLR 201833012 Permitting 401(k) Employer Nonelective Contributions Conditioned on Student Loan Repayments (PDF)
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
Aug. 17, 2018
"Taxpayer would make an employer nonelective contribution on behalf of an employee conditioned on that employee making student loan repayments ('SLR nonelective contribution').... If an employee participates in the program, the employee would still be eligible to make elective contributions to the plan but would not be eligible to receive regular matching contributions with respect to those elective contributions while the employee participates in the program.... [The] proposal to amend the Plan to provide SLR nonelective contributions under the program will not violate the 'contingent benefit' prohibition of section 401(k)(4)(A) and section 1.401(k)-1(e)(6). This ruling is based on the assumption that Taxpayer will not extend any student loans to employees that will be eligible for the program." [Issued May 22, 2018; released Aug. 17, 2018.]

MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).