Matching Contributions on Student Loan Payments Under SECURE 2.0 | Practical Law

Matching Contributions on Student Loan Payments Under SECURE 2.0 | Practical Law

A Practice Note providing an overview of matching contributions to a 401(k) plan based on participants' student loan payments as permitted under the SECURE 2.0 Act of 2022 (SECURE 2.0), called a qualified student loan payment (QSLP). This note provides an overview of the requirements for QSLPs along with the plan amendment deadline for employer matching contributions on QSLPs.

Matching Contributions on Student Loan Payments Under SECURE 2.0

Practical Law Practice Note w-038-5991 (Approx. 7 pages)

Matching Contributions on Student Loan Payments Under SECURE 2.0

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
A Practice Note providing an overview of matching contributions to a 401(k) plan based on participants' student loan payments as permitted under the SECURE 2.0 Act of 2022 (SECURE 2.0), called a qualified student loan payment (QSLP). This note provides an overview of the requirements for QSLPs along with the plan amendment deadline for employer matching contributions on QSLPs.