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IRS building Contrary to other reports, an employer’s 401(k) match cannot be used to accelerate student loan payments. ERISA lawyer Jeffrey Holdvogt says that the 5 percent match would go to a participant’s 401(k) account and not to servicing student loan debt. (Photo: Diego M. Radzinschi/ALM)

A private letter ruling from the IRS to an anonymous 401(k) plan sponsor may create a template for other employers hoping to address workers’ student loan debt burden.

Nick Thornton

BenefitsPRO

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