by Joe Kwasniewski | Oct 11, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, FAQ, Features, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment, Tax-free
In a recent statement from the IRS, an unnamed employer received access through a private letter ruling to defer 401k matching dollars to student loans through a Section 127 plan tax-free. Similar to the private letter ruling Abbott Labs received in 2018 to count...
by Joe Kwasniewski | Oct 4, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, FAQ, Features, Financial Wellbeing, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment
In our discussions with potential clients, employers commonly ask about lifetime maximum caps on their student loan contributions for employees. Hoping to draw comparisons to other benefits. In this post, we’ll describe the best practices surrounding this concept. In...
by Joe Kwasniewski | Sep 11, 2024 | Benefits, Differentiation, Employee Benefits, Features, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance
When considering Student Loan Assistance as a new benefits offering, employers commonly ask about program setup time. It’s important to understand the legwork required to get things off the ground. When it comes to Peanut Butter programs, the quickness surrounding...
by Joe Kwasniewski | Jul 22, 2024 | Benefits, Employee Benefits, FAQ, Features, Human Capital, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment
When considering Student Loan Assistance, many employers are curious about what employees agree to as benefit participants. Along with their responsibilities in the program. Employees that elect to participate in a student loan repayment program with Peanut Butter...
by Joe Kwasniewski | Jul 3, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Features, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment, Winning Together
Working with nearly a thousand clients nationwide, we’ve grown as experts in eligibility criteria employers most commonly use when offering Student Loan Assistance to employees. On the flip side, we’ve also observed eligibility criteria employers should avoid. We...
by Joe Kwasniewski | May 13, 2024 | Benefits, FAQ, Features, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment
When considering Student Loan Assistance, many employers have questions surrounding the flow of funds and how their contributions are applied toward employees’ student loans. Once a client gets started with their Peanut Butter Student Loan Repayment program, they’ll...
