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Defined contribution plan
Industry & Regulatory News
IRS Releases 2025 Draft Instructions for Form 8889, HSA Reporting
The IRS has posted 2025 tax year draft Instructions for Form 8889, Health Savings Accounts (HSAs). Taxpayers file Form 8889 to report HSA contributions and associated tax deductions, as well as distributions and any tax or penalty owed for distributions not used for qualified medical expenses.
Industry & Regulatory News
IRS Announces Applicable Federal Rates for September
The Internal Revenue Service has issued Revenue Ruling 2025-17 which contains the applicable federal rates (AFR) for September 2025.
Industry & Regulatory News
DOL Rescinds 2021 Supplemental Statement on Alternative Assets In 401(K) Plans
Following President Trump’s recent executive order on alternative assets for 401(k) plans, the Department of Labor has rescinded a 2021 supplemental statement issued by the Biden administration that discouraged fiduciaries from considering alternative assets in 401(k) investment lineups.
Industry & Regulatory News
IRS Announces Deadline Relief for West Virginia Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The IRS has announced the postponement of certain tax-related deadlines for victims of West Virgina severe storms until February 26, 2026.
Industry & Regulatory News
Illinois Amends Auto-IRA Program
Governor J.B. Pritzker has signed into law amendments to the Illinois Secure Choice program.
Industry & Regulatory News
Executive Order on Alternative Investments Issued
President Trump has issued an Executive Order aimed at increasing access to alternative investments for 401(k) and other defined contribution plans. According to a fact sheet, the order directs the Department of Labor—in consultation with the Secretary of Treasury and the Securities Exchange Commission (SEC)—to reexamine guidance and clarify a fiduciary’s duties and appropriate processes regarding alternative investments in ERISA-governed defined contribution plans.
Industry & Regulatory News
ESOP Proposals Clear Senate HELP Committee
The Senate Health, Education, Labor and Pensions (HELP) Committee unanimously advanced two bills to strengthen Employee Stock Ownership Plans (ESOPs). S. 1728, the Employee Ownership Representation Act—sponsored by Senator Bill Cassidy (R-LA)—would add two ESOP board members to the ERISA Advisory Council.
Industry & Regulatory News
Plan Adoption Tax Credits for Nonprofits Proposed
Representative Vern Buchanan (R-FL) and several co-sponsors have introduced H.R. 4548, the Small Nonprofit Retirement Security Act.
Industry & Regulatory News
Bill Promoting ESOP Expansion Reintroduced
Senators Steve Daines (R-MT) and Maggie Hassan (D-NH) have introduced S. 2461, the Promotion and Expansion of Private Employee Ownership Act.
Industry & Regulatory News
ESOP Legislation Introduced
Senator Bernie Sanders (I-VT) and several Democrat sponsors have introduced S. 2458, the Employee Ownership Financing Act.