Tag: employer benefits
Easy answer: most households have little savings, and many jobs provide little flexibility. A reporter called recently to ask why Americans are using Twitter to plead for financial assistance during the coronavirus. The answer is that the coronavirus is shining a spotlight on the vulnerability of a wide swath of American households. Start with financia…
More employers may move to adopt a student debt repayment benefit as part of their 401(k) plan. On August 17, the Internal Revenue Service released a private letter ruling that could make it easier for employers to use their 401(k) plans to assist their employees who are repaying student loan debt. Over the last decad…
