11.09.2018 03.20 CDT

A recent IRS private letter ruling approved an innovative approach that allows employees to balance student loan repayments with saving for retirement.

Combining Student Loan Repayments and Retirement Savings

Combining Student Loan Repayments and Retirement Savings

By combining a 401(k) plan with student loan repayments, this approach may provide employers an opportunity to help employees meet student loan obligations without adding a costly new program.

The IRS recently approved a new plan design that allows employees to receive employer retirement contributions either by (i) making deferrals into the employer’s retirement plan, or (ii) making student loan repayments.

30.03.2017 11.02 CDT

The drive to reduce corporate tax rates will send Congress looking for new sources of revenue. Employee benefit plans…look out.

Tax Reform: More Challenges for Employee Benefit Plans

Tax Reform: More Challenges for Employee Benefit Plans

Tax reform regarding employee benefit plans may come under attack by legislators.

Tax breaks for employee benefit plans represent a significant loss of revenue for the federal government. In the movement to reduce corporate taxes – and offset reduced federal revenue from those tax cuts - employee benefit plans represent an attractive target for legislators.