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Defined contribution plan
Regulatory and Legislative
Bill Allowing CITs in 403(b) Plans Re-Introduced
Senators Katie Britt (R-AL), Raphael Warnock (D-GA), Bill Cassidy (R-LA), and Gary Peters (D-MI), have introduced S.424, the Retirement Fairness for Charities and Educational Institutions Act.
Regulatory and Legislative
Washington Pulse: IRS Releases Proposed Mandatory Automatic Enrollment Regulation
The Internal Revenue Service (IRS) has issued a proposed regulation, providing guidance for employers that are required to include an automatic enrollment provision with their 401(k) or 403(b) plan.
Regulatory and Legislative
ESOP Proposed Rule on Hold
A proposed rule and class exemption issued by the Department of Labor’s Employee Benefits Security Administration providing guidance on ESOP transactions has been withdrawn from publication.
Regulatory and Legislative
IRS Announces Applicable Federal Rates for February
The IRS has issued Revenue Ruling 2025-05, which contains the applicable federal rates (AFR) for February 2025.
Regulatory and Legislative
EBSA Releases ESOP Guidance Under SECURE 2.0
The Department of Labor’s Employee Benefits Security Administration has issued a proposed rule and class exemption for shares to be acquired by an ESOP pursuant to SECURE 2.0.
Regulatory and Legislative
Retirement Plan Disaster Assistance May Be Available for Alaska
The Federal Emergency Management Agency issued a Major Disaster Declaration on January 15, 2025, for Alaska severe storm and flooding.
Regulatory and Legislative
DOL Issues Guidance on Missing Participant Small Balances
The Department of Labor has released Field Assistance Bulletin 2025-01 providing guidance regarding the treatment of small balances of retirement plan missing participants and beneficiaries.
Regulatory and Legislative
IRS Issues Proposed Rule Under IRC 162(m)
The Internal Revenue Service has issued a proposed rule under IRC Sec.162(m) to identify “covered employees” and nondeductible compensation.
Regulatory and Legislative
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2025-13, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
Regulatory and Legislative
ERISA Insights - IRS Releases Proposed Rule for Catch-Up Contribution Provisions Under SECURE 2.0
The Internal Revenue Service has released proposed catch-up regulations that apply to certain retirement plans as provided by Sections 109, 117, and 603 of the SECURE 2.0 Act of 2022.