Matching Student Loan Contributions

Do you have student loan debt that is keeping you from contributing to your employer’s retirement plan? Beginning in 2024, employers may match contributions when employee’s make student loan payments. If the employer has a student loan matching plan, the employer can make the company match contribution to the employee’s plan. You as the employee can then continue paying down your debt and have your employer fund your retirement plan. Further clarification on this matter is expected to be released before this goes into effect in 2024.