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IRS To Issue Cycle 4 Opinion Letters Soon

The Internal Revenue Service has issued Announcement 2026-15, indicating that it intends to issue opinion letters for defined contribution pre-approved plans updating qualification requirements under Cycle 4.

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Retirement Plan Disaster Assistance May Be Available for Several Disasters

The Federal Emergency Management Agency issued Major Disaster Declarations on August 3 for storms in Nebraska, Missouri, Mississippi, and West Virginia.

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SAFE Banking Act Reintroduced

Representative Dave Joyce (R-OH) has introduced H.R. 9471, the SAFE Banking Act.

Defined benefit plan Defined contribution plan IRA Legislative updates

New ESG Proposed Rule at OMB

The Office of Management and Budget received a proposed rule, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, from the Department of Labor.

Defined benefit plan Defined contribution plan DOL

Sonderling Nominated as Secretary of Labor

President Trump announced the nomination of Keith Sonderling as the Secretary of Labor, following the departure of Lori Chavez-DeRemer, who stepped down in April.

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House Passes Bill to Protect Seniors' Savings

H.R. 2478, the Financial Exploitation Prevention Act, would enable “an open-end investment management company” to delay a transaction if a transfer agent suspects exploitation of an individual.

Defined benefit plan Defined contribution plan IRA Legislative updates

PBGC Updates Interest Assumptions for Valuing Benefits for Q3 2026

The Pension Benefit Guarantee Corporation has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the third quarter of 2026.

Defined benefit plan

IRS Posts 2026 Forms 1099-R, 5498, and Instructions

The Internal Revenue Service has posted 2026 tax year Instructions for Forms 1099-R and 5498 along with Form 1099-R and Form 5498.

Defined benefit plan Defined contribution plan IRA IRS

IRS Releases Draft Instructions for 2026 Forms 1099-R, 5498

The Internal Revenue Service has posted 2026 tax year Instructions for Forms 1099-R and 5498.

Defined benefit plan Defined contribution plan IRA IRS

IRS Announces Deadline Relief for Montana Taxpayers Impacted by Severe Storms

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for individuals and businesses in the Crow Tribe, Fort Peck Assiniboine and Sioux Tribes of Montana.

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IRS Announces Deadline Relief for Taxpayers Impacted by Arizona Storms

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for individuals and businesses in the San Carlos Apache Tribe in Arizona.

Defined benefit plan Defined contribution plan IRA IRS

PBGC Issues Reportable Event Opinion Involving Pension Risk Transfers

The Pension Benefit Guaranty Corporation has issued Opinion Letter 26-001.

Defined benefit plan

IRS Announces Applicable Federal Rates for July

The Internal Revenue Service has issued Revenue Ruling 2026-12 which contains the applicable federal rates for July 2026.

Defined benefit plan Defined contribution plan IRA IRS

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2026-38, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

Defined benefit plan IRS

IRS Updates Specifications for Filing Form 8955-SSA

The Internal Revenue Service has released the 2025 tax year Publication 4810.

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