In late December, US Senator Ron Wyden introduced the Retirement Parity for Student Loans Act (Student Loan Act), which would allow employers to make matching contributions under 401(k), 403(b) and SIMPLE plans with respect to student loan repayments made by employees. If enacted, this legislation would provide powerful new guidance for employers looking to offer

Join us Friday, October 5 for our monthly Fridays with Benefits webinar on employer options for student loan benefits. Student loan debt is an increasingly significant concern for employees and student loan benefits are becoming an increasingly significant way for employers to attract and retain key talent.

Join members of the McDermott Benefits Team for

On Friday, the IRS released a private letter ruling (PLR) which will help clear the way for employers to provide a new type of student loan repayment benefit as part of their 401(k) plans. By issuing the PLR, the IRS gave its blessing to an employer-provided student loan repayment benefit offered through an employer’s 401(k)