Reported about 1 year ago
Starting this year, student loan payments can qualify as contributions for 401(k) company matches under the Secure 2.0 Act, offering relief to those balancing loan repayment with retirement savings. This new option allows employees to save for retirement and pay off student loans concurrently. While employers are not obligated to provide this benefit, companies like Masco Corporation and Dow Inc. have shown interest. However, there are concerns about potential drawbacks such as increased costs for employers and reduced personal retirement contributions for employees.
Source: YAHOO