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Employers Can Help Their Employees with Student Loan Debt
Holland & Hart LLP 
Oct. 12, 2023 "[SECURE 2.0] permits employers to make matching contributions to the 401(k) plan on account of dollars that the employee pays outside the plan on their student loans. This provision is effective in 2024. Even though there are some fairly significant unanswered questions (starting with how employees will verify that they have in fact made student loan repayments), employers should be hearing from their 401(k) providers about how to adopt and implement this provision, if desired." |
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