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News

View recent industry and regulatory news that may impact the retirement landscape and beyond.

Industry & Regulatory News

Auto Reenroll Act Reintroduced

Senators Bill Cassidy (R-LA) and Tim Kaine (D-VA) have re-introduced the Auto Reenroll Act to permit plan sponsors to reenroll non-participating eligible employees at least once every three years unless the individual affirmatively opts out again.

May 23 2025

Industry & Regulatory News

House Passes Reconciliation Tax Bill

The House of Representatives has passed their version of the reconciliation tax bill—H.R. 1, the One Big Beautiful Bill Act—by a vote of 215-214.

May 23 2025

Industry & Regulatory News

Proposal Allowing CITs in 403(b) Plans Clear House Committee

H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Act introduced by Representatives Frank Lucas (R-OK) and several cosponsors in February was one of several bills advanced out of the House Financial Services Committee.

May 23 2025

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Several States

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on May 21, 2025, for the following.

May 23 2025

Industry & Regulatory News

The Proposed "One, Big, Beautiful Bill" Act: Expanded 529 Plans and Extended ABLE Accounts

On May 18, 2025, the House Budget Committee advanced a comprehensive tax package under the ongoing reconciliation process. While the bill has been marked up and passed out of committee, further changes are likely, as it still must progress through several legislative stages before becoming law. At this stage, it serves as a strong signal of where federal tax policy may be headed.

May 19 2025

Industry & Regulatory News

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service (IRS) has issued Notice 2025-29, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

May 16 2025

Industry & Regulatory News

IRS Announces Applicable Federal Rates for June

The IRS has issued Revenue Ruling 2025-12 which contains the applicable federal rates (AFR) for June 2025.

May 16 2025

Industry & Regulatory News

Proposal to Increase Retirement Plan Access for Younger Workers Reintroduced

Senator Bill Cassidy (R-LA), and co-sponsor Tim Kaine (D-VA) have reintroduced the “Helping Young Americans Save for Retirement Act”.

May 15 2025

Industry & Regulatory News

Tax Bill Passes out of Committee

The House Committee on Ways and Means has approved their tax package out of committee by a party line vote of 26-19 following a markup hearing.

May 14 2025

Industry & Regulatory News

Proposal Would Expand Medical Expense Coverage for Caregivers

Senators Jacky Rosen (D-NV) and Bill Cassidy (R-LA) have introduced S. 1565, the Lowering Costs for Caregivers Act.

May 14 2025
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