Credit: Allison Bell/ALM
An Internal Revenue Service official has blessed an arrangement that will let workers allocate their employer's annual retirement plan matching contribution to any one of four different accounts.
The workers will be able to send some or all of the employer's contribution to a 401(k) account, a health savings account, an educational assistance program account or a retiree health reimbursement arrangement, according to a new IRS private letter ruling signed by Denise Trujillo, the Health & Welfare branch chief at the IRS Office of Associate Chief Counsel.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
