How does the 401(k) match for student loan repayment work?

Due to the Secure 2.0 Act, which took effect this year, employers can now make matching contributions to (401)k, 403(b) and other retirement accounts connected to employees' student loan programs. While not mandatory, the benefit will work the same way as contributions from a paycheck for employers who offer it. 

Essentially, instead of part of an employee's paycheck going toward a 401(k) to gain an employer match, the same match benefit will occur when the employee makes a qualifying loan payment. 

This benefit may not be right for everyone. For example, match contributions have vesting requirements which can take up to five years, and if an employee leaves or is laid off before the money is fully vested, the nonvested money goes to the employer. 

Full story: Business Insider 

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