IRS Seeks Comment on Treasury 401(k) Match Contributions (1)

The Treasury Department and Internal Revenue Service requested comments on Saver’s Match, a SECURE 2.0-mandated program allowing 401(k) savers to receive an annual match contribution of up to $1,000 from the agency, slated to begin in 2027.

The notice issued Thursday solicits feedback by Nov. 4 on topics including which 401(k) participants would be eligible for the Treasury’s contributions and how they would claim the match, as well as disclosure requirements and access for underserved communities.

The tax agency last month issued guidance also aimed at offering additional match contributions for 401(k) participants making student loan payments, which employers may ...