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November 7, 2018IRS Addresses Student Loan Programs Under 401(k) Plans
In a recently released private letter ruling, the IRS addressed an employer seeking to offer a “student loan benefit program” as part of its 401(k) plan Under this program, the employer would make nonelective contributions if the employee made student loan repayments The program would be voluntary and after
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November 6, 2018IRS Announces Contribution, Benefit Limits for 2019
The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019 The 2019 limits are contained in Notice 2018-83, released Nov 1 The limits for 2019 are as follows: The limitation under Code Section 402(g)(1) on the exclusion
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