Nonprofits that are affiliated with religious organizations should be informed of new regulations.
Employers will be allowed to make tax-free contributions of up to $5,250 per employee annually toward eligible education expenses, including tuition or student loan assistance.
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
It has engaged Savi to provide nonprofit and public service employees with an online tool to navigate government loan forgiveness programs.
Through a partnership with Vault, employers have three core offerings from which to choose.
A refinancing program provided through CommonBond is available to people who have access to MassMutual’s retirement plans, voluntary benefits or both.
HELPER Act would allow Americans to annually take up to $5,250 from a 401(k), 403(b), 457 plan or IRA—tax and penalty free—to pay for college or pay back student loans.