News & Analysis as of

Students Employee Benefits

Akerman LLP - HR Defense

The Do’s and Don’ts of Internships

It’s that time of year again. Tens of thousands of high school, college, and graduate students will descend on employers this summer, looking to gain practical work experience in the various fields in which they have...more

Gould + Ratner LLP

Navigating the Summer Internship Wave: What Employers Need to Know

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With summer officially here, students across the country are beginning internships, eager to gain experience and make their mark. While this seasonal influx offers valuable recruitment opportunities, it is important to stay...more

Pullman & Comley, LLC

Developments from the 2024 Session of the Connecticut General Assembly Affecting Schools (and Public Employers)

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The following is a brief description of acts that were passed during the 2024 Session of the Connecticut General Assembly that may be of interest to Connecticut school leaders.  ...more

Shipman & Goodwin LLP

2024 Education Legislation Summary - 2024 Session

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In its 2024 regular and special sessions, the General Assembly made a number of changes to the statutes that affect public education in Connecticut. This summary provides a brief overview of some of the more significant...more

Groom Law Group, Chartered

IRS Issues FAQs on Educational Assistance Programs

On June 17, 2024, the IRS issued Fact Sheet 2024-22, which includes nine FAQs about educational assistance programs. The Fact Sheet also links to a sample program document for employers....more

Woodruff Sawyer

How to Attract and Retain Employees with Student Debt Benefits

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One in five US adults has student debt, with the greatest amount owed by those 35 to 49 years old. This debt reaches beyond the topic of repayment. Of the 45 million Americans with student debt, eight in ten don’t save...more

Bricker Graydon LLP

[Webinar] K-12 Education Legal Update: What you need to know before the 2023-2024 school year - July 31st, 12:00 pm - 1:00 pm EST

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Please join Bricker Graydon K-12 Education Attorneys for a free webinar addressing legal updates on what you need to know heading into the 2023-2024 school year. Attendees will hear updates on a variety of topics, including...more

Bradley Arant Boult Cummings LLP

Don’t Overlook These 5 Benefits Issues Facing Higher Education Institutions

All employers are faced with challenges and compliance risks associated with providing benefits to their employees. However, these risks and challenges can vary greatly by industry. Employers (and their advisors) who...more

Faegre Drinker Biddle & Reath LLP

The SECURE Act 2.0: The Most Impactful Provisions (#2–Student Loan Matches)

The President signed the Consolidated Appropriations Act, which included SECURE Act 2.0, on December 29, 2022—the “enactment date”. SECURE Act 2.0 has over 90 provisions, some major and some minor; some are mandatory and...more

Fisher Phillips

Forecast: April 2022 Edition

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Welcome to FP Forecast, a monthly outlook featuring Fisher Phillips thought leaders providing their insights into what employers can expect in 2022 and beyond. By following along each month, you’ll be in the best position to...more

Fisher Phillips

July 2021: The Top 14 Labor And Employment Law Stories

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It’s hard to keep up with all the recent changes to labor and employment law. While the law always seems to evolve at a rapid pace, there have been an unprecedented number of changes for the past few years—and this past month...more

Pierce Atwood LLP

Back-to-School during COVID-19: A Pierce Atwood Q&A for Employers

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As schools throughout New England finalize their plans for the fall semester, many employees are faced with an ongoing need to care or facilitate education for their school-aged children on a part-time or even full-time...more

Troutman Pepper Locke

DOL Updates FFCRA Leave and PUA Unemployment Benefits Q&A's to Address Eligibility When Schools Go Remote

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Who Needs to Know - Employers covered by the FFCRA with employees requesting leave to care for children whose schools are implementing total or partial virtual instruction models and/or individuals potentially eligible...more

Epstein Becker & Green

As Schools Reopen, U.S. Department of Labor Issues FAQs on Childcare Leave Under the FFCRA

The beginning of the school year has added to a mire of uncertainty of how to manage work and family in our current COVID-19 world. Some schools have reopened to full-time in-person classes, while others have adopted...more

Ruder Ware

DOL Adds FAQs On School Reopening and FFCRA

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Today the U.S. Department of Labor’s Wage and Hour Division published responses to three new frequently asked questions for regarding qualifying for paid leave under the Families First Coronavirus Response Act (FFCRA) in...more

Fisher Phillips

How To Balance School Re-Openings And COVID-19 Workplace Leave: FAQs For Employers

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As the summer draws to a close, schools are announcing their re-opening plans, which vary widely across states and localities. Some schools plan to remain open several days a week and direct students to attend remotely the...more

Fisher Phillips

School’s Out For Summer: Unavailability Of Child Care And The FFCRA

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As more and more businesses plan their re-openings heading into the summer months, many employers are trying to determine how to handle employee requests for leave under the Families First Coronavirus Response Act (FFCRA)...more

Farrell Fritz, P.C.

Employer-Related Scholarships & The Closely Held Business

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Education Equals Indebtedness? We’re more than halfway through the month of August and many college students are returning to their campuses where they will resume their studies. It should be a time of great expectation...more

Holland & Knight LLP

IRS May Allow Employer Contributions to 401(k) Plans for Employees Repaying Student Loans

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• With growing student loan debt pushing employees to delay contributing to their employers' 401(k) plans, many employers have been looking for ways to help their employees save for retirement. • A recent Internal Revenue...more

Vedder Price

Employee Benefits Update: IRS Private Letter Ruling Approves 401(k) Student Loan Benefit Programs

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On August 17, 2018 the IRS released a private letter ruling (PLR 201833012) addressing an employer’s proposal to amend its plan to include a student loan benefit program. Under the program, the employer would make a...more

Dickinson Wright

Innovative 401(k) Plan Benefit for Employees with Student Loan Repayments

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Many recent college graduates find it difficult to make contributions to their employer’s 401(k) plan as they have significant student loan repayments which take precedence in their budget. By failing to make 401(k)...more

Foley & Lardner LLP

A New Way to Use Your 401(k) Plan to Attract and Retain Recent Graduates

Foley & Lardner LLP on

According to a recent report, the average student loan debt for a Class of 2016 graduate is $37,172. As recent graduates enter the work force, they often choose not to contribute to their employers’ 401(k) plans and lose out...more

Sullivan & Worcester

Student Loan Debt and 401(k) Plan

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A new ruling was released last Friday by the Internal Revenue Service that presents a very intriguing possibility for employers looking to economically support employees with student debt burdens. The idea is that an employee...more

Constangy, Brooks, Smith & Prophete, LLP

Can An Employer Use Nonelective 401(K) Contributions To Encourage Student Loan Repayment? Maybe.

Abbott Laboratories gets a limited thumbs-up from the IRS. Plan sponsors may recall that Abbott Laboratories announced its Freedom 2 Save program last June. The program is designed to encourage employees to pay off their...more

Holland & Hart LLP

Mixing Student Loan Assistance and 401(k) Plans

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Student Loan Assistance and 401(k) Plans – Oil and water. These two benefits have not mixed well due to the complex tax rules governing 401(k) plans. In a welcome ruling (PLR 201833012), the IRS approved a taxpayer's plan to...more

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