401k Plans and Student Loan Payments

SECURE 2.0 Act allows for matching contributions on Qualified Student Loan Payments (QSLPs) starting January 1, 2024. 

Plans include 401k, 403b, 457 or a Simple IRA. 

If you are making student loan payments, ask your employer if it will match those payments. 

The amount of QLSPs can’t exceed the annual deferral for the current year minus elective deferrals made in that year.