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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.

August 25 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

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Following President Trump’s recent executive order on alternative assets for 401(k) plans, the Department of Labor has rescinded a 2021 supplemental statement issued by the Biden administration that discouraged fiduciaries from considering alternative assets in 401(k) investment lineups.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

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. 

August 07 2025

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.

August 04 2025

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.

August 04 2025

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.

July 29 2025

Industry & Regulatory News

ESOP Legislation Introduced

Senator Bernie Sanders (I-VT) and several Democrat sponsors have introduced S. 2458, the Employee Ownership Financing Act.

July 28 2025
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