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Washington Pulse: DOL Proposes New Guidance on Evaluating Designated Investment Alternatives in 401(k) Plans

The Department of Labor (DOL) has issued proposed regulations addressing fiduciary responsibilities when selecting designated investment alternatives (DIAs) for participant directed individual account plans subject to the Employee Retirement Income Security Act (ERISA) of 1974.
DOL Fiduciary Issues Washington Pulse
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Washington Pulse: IRS Issues Guidance on Optional Long-Term Care Distributions Under SECURE 2.0

The Internal Revenue Service (IRS) has issued guidance on a provision of the SECURE 2.0 Act allowing 401(k), 403(a), 403(b), and eligible governmental 457(b) plans to offer optional distributions to pay long-term care (LTC) insurance premiums.
Defined benefit plan Defined contribution plan IRS IRS Guidance Washington Pulse SECURE 2.0
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Public Policy Proposal: A Simple Federal Solution to Closing the Retirement Coverage Gap

Ascensus has advanced a proposal to help narrow the nation’s retirement coverage gap. Our proposal recognizes the strong bipartisan commitment to expanding access and focuses on a scalable solution that leverages existing IRA infrastructure while building on the proven success of automatic enrollment.
Industry & Regulatory News Defined benefit plan Defined contribution plan IRA News Articles

Treasury Issues Trump Account Temporary Regulations

Treasury and IRS temporary regulations provide guidance on Trump account establishment, automatic enrollment, and contribution rules, including qualified stock contributions, with implementation beginning in 2026.
IRA IRS

Proposal Eliminating Cap on Rollover Amounts From 529 Plans to Roth IRAs Introduced

Senator Ted Cruz (R-TX), along with cosponsor Senator Lisa Blunt Rochester (D-DE), have introduced S. 5550, to eliminate the aggregate limitation on rollovers from a 529 program to a Roth IRA.
Defined benefit plan Defined contribution plan IRA IRS Legislative updates

Proposal to Increase Savers Match Introduced

Senator Ron Wyden (D-OR), ranking member of the Senate Finance Committee, has introduced the Saver's Match Enhancement Act.
Defined contribution plan IRA Legislative updates

OMB Completes Review of Latest Round of Trump Account Guidance

OMB has completed review of two Treasury and IRS regulatory actions related to Trump Accounts.
IRA IRS

IRS Releases Draft 2027 Form 1099-R

The IRS has posted a draft 2027 Form 1099-R.
Defined benefit plan Defined contribution plan IRA IRS

Bill Introduced to Extend Time Period for Contributing Military Death Benefits to Roth IRA or ESA

A bipartisan Senate proposal would give military families additional flexibility when rolling military death benefits into Roth IRAs and education savings accounts.
Legislative updates

Born to Invest Act Introduced in House

A bipartisan bill would help ensure new parents learn about tax-advantaged savings opportunities from the start, including Trump accounts, ABLE accounts, and 529 plans.
Legislative updates

OMB Reviews Trump Account Rules

OMB is reviewing proposed and interim final Treasury and IRS regulations for Trump accounts.
IRA IRS

IRS Announces Applicable Federal Rates for October

The Internal Revenue Service (IRS) has issued Revenue Ruling 2026-19 which contains applicable federal rates (AFR) for October 2026.
Defined benefit plan Defined contribution plan IRA IRS