ESOP Bill Passes House
The House of Representatives has passed S. 2403, the Retire through Ownership Act by a vote of 401-14.
Regulatory and Legislative
IRS Issues Final Regulations on SECURE 2.0 Catch-up Contributions
The Internal Revenue Service has issued final regulations implementing catch-up contribution requirements introduced by the SECURE 2.0 Act of 2022.
2025 Tax Bill Provides Key Changes for Savers
Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025.
DOL Issues Final Amendments to the VFCP
The Department of Labor recently issued a final amendment to the Voluntary Fiduciary Correction Program, incorporating a Self-Correction Component for eligible transactions under the program.
Prime Interest Rate Increased to 7.0 Percent
Effective September 16, 2026, the prime interest rate was increased from 6.75 percent to 7.0 percent.
IRS Clarifies Amendment Deadlines Under SECURE 2.0
The Internal Revenue Service issued a bulletin responding to stakeholder requests for clarification regarding the deadline for adopting plan amendments implementing SECURE and SECURE 2.0 provisions.
SEC Proposes Proxy Reform
The Securities and Exchange Commission has proposed recission of Rule 14a-8, the shareholder proposal rule, to leave determinations of when companies must include shareholder proposals in their proxy materials to state law.
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2026-57, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
House Passes Tax Relief for Fraud Victims
H.R. 9500, the Tax Relief for Fraud Victims Act, introduced by Representatives Max Miller (R-OH) and Thomas Suozzi (D-NY), passed the House by a vote of 408-17.
Automatic Portability Rule at OMB
The Office of Management and Budget has received for review a final rule from the Department of Labor implementing a statutory exemption for the receipt of fees and compensation in connection with automatic portability transactions.
IRS Extends Tax Deadlines for Hawaii and Oglala Sioux Tribe Disaster Victims
Taxpayers should consult with their tax advisor to understand the impact of the deadline relief on their own situation.
Retirement Plan Disaster Assistance May Be Available for Several Disasters
The Federal Emergency Management Agency issued Major Disaster Declarations on September 1, 2026