"[C]onsiderations for an employer ... before adding [student loan repayment provisions] to the benefit program: ... [1] The plan will need to be amended and employee education will need to be provided. [2] The 401(k) plan recordkeeping system may need to be modified. [3] The employer may need to find the evidence that this provision will affect enough employees with student loans to be worth the potential cost of administrative changes on its end. [4] The employer will need to set up a protocol to confirm that the financial institution holding the student debt has received the appropriate payments by the employee."  MORE >>