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Industry & Regulatory News
House Proposal Would Expand HSA Use for Chronic Care
Rep. Vern Buchanan (R-FL) and co-sponsor Rep. Jimmy Panetta (D-CA) have introduced H.R. 919, the Chronic Disease Flexible Coverage Act. The act would codify IRS guidance under Notice 2019-45 relating to treatment of certain services and items for chronic conditions as meeting the preventive care deductible for safe harbor purposes of high deductible health plans in connection with health savings accounts.
Industry & Regulatory News
Proposal Would Allow Permanent HDHP Waiver for Telehealth Services
Senators Steve Daines (R-MT) and Catherine Cortez Masto (D-NV) have introduced S. 763, the Telehealth Expansion Act of 2025.
Industry & Regulatory News
Washington Pulse: IRS Releases Proposed Regulations on SECURE 2.0 Catch-Up Provisions
The Internal Revenue Service (IRS) has issued proposed regulations providing guidance for employers regarding new provisions on catch-up contributions as permitted by the SECURE 2.0 Act of 2022 (SECURE 2.0).
Industry & Regulatory News
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.
Industry & Regulatory News
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 in order to comply with the SECURE 2.0 Act of 2022 (SECURE 2.0).
Industry & Regulatory News
ERISA Insights: IRS Releases Proposed Rule for Automatic Enrollment Provisions Under SECURE 2.0
The Internal Revenue Service (IRS) has released proposed automatic enrollment regulations that apply to certain retirement plans as provided by Sections 101 and 341 of the SECURE 2.0 Act of 2022.
Industry & Regulatory News
ERISA Insights: IRS Releases Guidance for Catch-Up Contribution Provisions Under SECURE 2.0
The Internal Revenue Service (IRS) 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.
Industry & Regulatory News
PBGC Premium Filing Deadlines Change for 2025 Plan Years
The Pension Benefit Guaranty Corporation (PBGC) has issued Technical Update 25-1 that provides guidance on the timing of premium payments for plan years beginning in 2025. Due to a provision in the Bipartisan Budget Act of 2015, the premium filing due date for all plans is the 15th day of the 9th calendar month that begins on or after the first day of the plan year—so for calendar year plans, September 15th instead of October 15th.
Industry & Regulatory News
DOL Final Rule Updating VFCP Has Left OMB
Department of Labor (DOL) guidance titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program” has left the Office of Management and Budget.
Industry & Regulatory News
PBGC Updates Tables for Certain 2025 Valuations
The Pension Benefit Guaranty Corporation (PBGC) has released a final rule updating the table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary termination to reflect valuation dates falling in 2025.