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ERISA News

Industry & Regulatory News

IRS Releases Draft Publication 575

The Internal Revenue Service has released the draft 2025 tax-year Publication 575, Pension and Annuity Income. This publication contains general information for taxpayers on how they are to treat retirement plan distribution income for tax purposes.

September 02 2025
IRS

Industry & Regulatory News

IRS Releases Draft 2026 Tax Year Form 5498

The IRS has posted a draft 2026 tax year Form 5498, IRA Contribution Information. Form 5498 is used to report IRA-related information, including contributions to IRAs, SEP plans, and SIMPLE IRA plans; end-of-year fair market values; rollovers; conversions; recharacterizations; etc. This form will be reviewed for any significant changes, and findings will be shared as appropriate.

August 29 2025
IRS

Industry & Regulatory News

IRS Releases Draft Form for Reporting Coverdell ESA Contributions

The IRS has issued draft Form 5498-ESA, Coverdell ESA Contribution Information. Form 5498-ESA is used to report Coverdell education savings account beneficiary and custodian/trustee information, tax identification and account numbers, annual contributions, and rollovers.

August 27 2025
IRS

Industry & Regulatory News

IRS Releases Draft Instructions for HSAs and MSAs

The Internal Revenue Service has posted draft Instructions for Forms 1099-SA and 5498-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, and HSA, Archer MSA, or Medicare Advantage MSA Information.

August 26 2025

Industry & Regulatory News

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2025-43, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

August 19 2025

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.

August 19 2025

Industry & Regulatory News

PBGC Issues Final Rule on Miscellaneous Provisions

The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule providing minor clarifications and improvements to several miscellaneous provisions.

August 18 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.

August 14 2025

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.

August 11 2025

Industry & Regulatory News

Illinois Amends Auto-IRA Program

Governor J.B. Pritzker has signed into law amendments to the Illinois Secure Choice program.

August 08 2025
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