Student Loan 401(k) Matches Could Still Trigger IRS Ire, Law360

In a Law360 article, Morgan Lewis partner Brian Dougherty is quoted about the IRS’ private letter ruling which states that 401(k) plan sponsors can provide matching contributions to employees making student loan repayments.

Dougherty addresses the potential of nondiscrimination testing, which ensures that the plan will not discriminate by favoring highly paid workers. He says, “the real issue here is whether the structure satisfies the applicable nondiscrimination requirements and what impact it may have. You have to design this carefully.”

Read the full Law360 article >>