News & Analysis as of

Loan Repayment Issues 401k

Pullman & Comley - Labor, Employment and...

Employers – You May Help Your Employees Pay Off Student Debt AND Save for Retirement

Student loan debt is a significant source of financial stress for borrowers, who face a hefty new line item in their budgets since the pause on student loan repayment ended in October 2023. Recent surveys show that student...more

Fisher Phillips

Department of Labor Proposes Self-Correction Option Under Voluntary Fiduciary Correction Program

Fisher Phillips on

The Department of Labor recently proposed updates to its Voluntary Fiduciary Correction Program (VFCP), which would allow fiduciaries the opportunity to self-correct certain matters including late deposits to a 401(k) plan....more

Holland & Hart - The Benefits Dial

Matchmaker, Matchmaker, Make Me a Match … Based on my Student Loan Repayments

For the last several years, a hot topic for policymakers has been how to address the nation’s massive student loan debt. At the same time, the pressure remains to develop ways to encourage Americans to save for their own...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Blackout notice relief

BSA Notice 2020-01 from the Employee Benefits Security Administration (EBSA) announced important relief for plan sponsors in connection with authorizing plan loans and distributions...more

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