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ERISA News

Industry & Regulatory News

Proposal Increasing Limitation on K-12 Tuition Introduced

Senator Eric Schmitt (R-MO) has introduced S. 2206, to increase from $10,000 to $20,000 the maximum amount that can be used from a 529 plan for tuition in connection with a designated beneficiary’s enrollment at an eligible elementary or secondary school.

July 09 2025

Industry & Regulatory News

Proposals to Improve Gig Worker Access to Benefits Released

Senators Bill Cassidy (R-LA), and Tim Scott (R-SC), have shared proposals that, according to a press release, would modernize federal labor law to empower 27 million independent contractors to access portable workplace benefits, like health care and retirement.

July 08 2025

Industry & Regulatory News

IRS Posts Draft 2025 Instructions for Form 5329

The Internal Revenue Service (IRS) has posted an updated draft 2025 Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, following last month’s release of the draft 2025 Form 5329.

July 08 2025

Industry & Regulatory News

President Signs Tax Bill

President Trump signed into law tax legislation known as the ‘One Big Beautiful Bill Act’ on July 4, 2025. Details of certain provisions of the bill impacting savers can be found here

July 07 2025

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Texas Storms and Flooding

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on July 6, 2025, for Texas severe storms, straight-line winds, and flooding, for the incident period of July 2, 2025, and continuing.

July 07 2025

Industry & Regulatory News

Washington Pulse - 2025 Tax Bill Provides Key Changes for Savers

Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025. This article outlines certain retirement and financial provisions included in the OBBBA.

July 03 2025

Industry & Regulatory News

DOL Sends PEP Item to OMB

The Department of Labor has released a prerule item titled “Pooled Employer Plans” (PEPs) to the Office of Management and Budget for review.

July 02 2025

Industry & Regulatory News

IRS Posts Draft Form 4972, Used to Claim Special Tax Treatment for Employer Plan Distributions

The IRS has posted 2025 tax year draft Form 4972, Tax on Lump-Sum Distributions (From Qualified Plans of Participants Born Before January 2, 1936). 

July 02 2025

Industry & Regulatory News

PBGC Updates Interest Assumptions for Valuing Benefits for Third Quarter 2025

The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the third quarter of 2025.

July 01 2025

News Releases

Senate Passes Its Version of Tax Bill

The Senate has passed by a vote of 51-50 its version of the tax reconciliation bill. The legislation will now move to the House as the President’s self-imposed July 4 deadline quickly approaches.

July 01 2025
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