IRS Issues Interim Guidance on Employer Matching Contributions for Retirement Plans Linked to Employee Student Loan Payments
The Internal Revenue Service (IRS) has issued interim guidance for sponsors of 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible student loan payments made by their participating employees. This guidance is outlined in Notice 2024-63, which was posted today on IRS.gov. This guidance implements section 110 of […]