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Debt, Myb Plr Package

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    With new 401(k) benefit, clients can pay off student debt and retire faster

    additional compensation based on current debt payments and direct payment on outstanding loans. These options are beneficial to employees and also generate taxable income for the individual. On August ...

    IRS Endorses Novel 401(K) Program for Student Loan Repayment

    According to the PLR, the taxpayer (who is anonymous in publicly released ... we have to help out our employees who come in with life-altering amounts of student loan debt. Holy crap – this is really ...

    IRS Releases Private Lending Rule 201833012

    Although the PLR can only be applied by the taxpayer/plan sponsor requesting it, it is a promising development for employers seeking to provide stronger incentives for a workforce increasingly saddled ...

    A New Method to Incentivize Young Workers?

    A recent PLR offers another option: using a 401(k) plan to provide additional benefits (in the form of a nonelective contribution) to employees who pay down their student debt during the plan year. On ...

    Will Student Loan Match Disrupt 401k Plans’ Tax Benefits?

    “The recently issued PLR is a significant step in this direction ... to make sure that it has the maximum impact in helping workers strapped with student loan debt save for their retirement,” he wrote ...

    ERIC Wants IRS to Expand on PLR About Student Loan Repayment Benefit

    commending it for issuing a Private Letter Ruling (PLR) to a plan sponsor permitting it to contribute to the company’s 401(k) on behalf of participants paying down student loan debt but not necessaril...

    401(K) Program – Retirement Plan or Student Loan Repayment Plan? Both!

    According to the PLR, the taxpayer (who is anonymous in publicly released ... we have to help out our employees who come in with life-altering amounts of student loan debt. Holy crap – this is really ...

    Another Lesson on Bullet Proofing Your Claims Process

    Retirement Plan Incentive to Attract and Retain Employees With Student Loan Debt Private Letter Ruling (“PLR”) 201833012 recently approved a 401(k) plan design providing a matching contribution for an ...
 

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