Treasury Provides Investment Guidance on Trump Accounts
The Department of Treasury and Internal Revenue Service (IRS) have released a proposed rule governing eligible investments for Trump accounts.
Industry & Regulatory News
Washington Pulse: IRS Issues Guidance on Optional Long-Term Care Distributions Under SECURE 2.0
The Internal Revenue Service (IRS) has issued guidance on a provision of the SECURE 2.0 Act allowing 401(k), 403(a), 403(b), and eligible governmental 457(b) plans to offer optional distributions to pay long-term care (LTC) insurance premiums
DOL Proposes New Guidance on Evaluating Designated Investment Alternatives in 401(k) Plans
The Department of Labor (DOL) has issued proposed regulations addressing fiduciary responsibilities when selecting designated investment alternatives (DIAs) for participant directed individual account plans subject to the Employee Retirement Income Security Act (ERISA) of 1974.
Public Policy Proposal - A Simple Federal Solution to Closing the Retirement Coverage Gap
Ascensus has advanced a proposal to help narrow the nation’s retirement coverage gap. Our proposal recognizes the strong bipartisan commitment to expanding access and focuses on a scalable solution that leverages existing IRA infrastructure while building on the proven success of automatic enrollment.
IRS Proposes Changes to DB Minimum Funding Rules
The Internal Revenue Service (IRS) has released proposed rule, Determination of Target Normal Cost and Funding Target for Single-Employer Defined Benefit Plans.
IRS Issues Rollover Guidance Under SECURE 2.0
The Internal Revenue Service (IRS) has issued Notice 2026-49, providing rollover guidance in accordance with section 324 of SECURE 2.0. Section 324 directed the Treasury and IRS to develop and issue guidance to simplify, standardize, and expedite rollovers to eligible retirement plans and trustee‑to‑trustee transfers from IRAs.
PBGC Comments on FASB Market-Return Cash Balance Proposal
The Pension Benefit Guaranty Corporation (PBGC) has submitted comments to the Financial Accounting Standards Board (FASB) regarding topic 715-30, Discount Rate Used to Measure the Benefit Obligation for Certain Market-Return Cash Balance Plans.
Trump Account Employer Contribution Guidance Released
A proposed rule by the Department of Treasury and IRS addressing Trump account employer contributions and associated nondiscrimination testing requirements has been released. One of the features of Trump accounts passed into law last year under the One Big Beautiful Bill Act, is the ability for employers to make Section 125 employer contributions up to $2,500 (indexed) to a Trump account established for an employee or their dependent, under a separate written plan of the employer.
IRS Announces Deadline Relief for Taxpayers Impacted by Mississippi Storms
The Internal Revenue Service (IRS) has announced the postponement of certain tax-related deadlines for individuals and businesses in Mississippi affected by Tropical Storm Arthur that began on June 18, 2026.
IRS Announces Deadline Relief for Taxpayers Impacted by West Virginia Storms
The Internal Revenue Service (IRS) has announced the postponement of certain tax-related deadlines for individuals and businesses in Lewis and Upshur counties in West Virginia that were affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that began on July 21, 2026.
Enhanced Trump Account Enrollment for Newborns Introduced
Senators Shelley Capito (R-WV) and Jim Justice (R-WV) have introduced S. 5243, to provide for the automatic establishment of Trump accounts using information collected under the Enumeration at Birth Program (EAB) of the Social Security Administration (SSA).
IRS Issues Notice on Saver's Match
The Internal Revenue Service (IRS) has issued Notice 2026-48, indicating that the Department of Treasury and IRS intend to issue proposed regulations regarding the Saver's Match contribution provision under SECURE 2.0.