It is no secret that the success of a company is largely determined by its workforce. Because recent graduates are facing record amounts of student loan debt upon graduation, some employers are implementing new strategies to attract elite talent by easing this financial burden. Several companies have started student loan programs that ...
Let’s revisit our previous blog post and our example of Karl to show another wrinkle that you should be aware of when correcting a deferral failure. An employer can use a different method of correction if the elective contribution failure is either due to the failure to implement an automatic enrollment feature for an affected eligible employee ...