On October 18, the ARA submitted comments to the Internal Revenue Service (IRS) recommending the Service issue guidance on qualified student loan payments (QSLPs). Specifically, the ARA encouraged the IRS to allow for plans to calculate all matching contributions on a payroll period basis, confirm that a plan may match QSLPs throughout the year without...
On January 22, 2024, the American Retirement Association submitted a comment letter to the Treasury Departments detailing several recommendations for the guidance needed to implement and stimulate the adoption of these programs. (more…)
On April 29, 2021, the American Retirement Association wrote to Representatives Danny Davis (D-IL, 7th) and Darin LaHood (R-IL, 18th) in support of the Retirement Parity for Student Loans Act. This bill authorizes a new benefit so employers can give employees matching contributions into the 401(k) plan based on the amount an employee is paying...
On April 29, 2021, the American Retirement Association wrote to Senator Ron Wyden, Chairman of the Senate Finance Committee, in support of the Retirement Parity for Student Loans Act. This bill authorizes a new benefit so employers can give employees matching contributions into the 401(k) plan based on the amount an employee is paying in...
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