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What are the employee certification requirements for QSLPs in a SIMPLE IRA plan?

To receive an employer match on your Qualified Student Loan Payments (QSLPs) in a SIMPLE IRA plan, you must provide your plan (or its service provider) with the following information:

  1. Amount of the loan payment

  2. Date of the loan payment

  3. Confirmation that you were the payor 

  4. Verification that the loan is a qualified education loan 

  5. Proof that the loan was incurred by you

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