OPTIONS Act Introduced in Senate
Senators Todd Young (R-IN) and Cory Booker (D-NJ) have introduced S. 5707, the Optimizing Participant Tax Incentives through Optional Noncash Selections (OPTIONS) Act.
Industry & Regulatory News
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.
Public Policy Proposal: Expanding Automatic Enrollment to Help Close the Retirement Savings Gap
This public policy proposal considers how automatic enrollment could shift the default toward saving, expand participation in retirement programs, and help narrow the retirement savings gap while maintaining individual choice.
Washington Pulse: IRS Proposes Updated Funding Rules for Single-Employer Defined Benefit Plans
The Treasury and the IRS have issued proposed regulations under IRC Sec. 430 which establishes minimum funding requirements for single-employer defined benefit plans.
IRS Releases 2027 COLA Retirement Savings Limitations
The IRS has issued Notice 2026-66, which contains the 2027 cost-of-living increases for qualified retirement plan dollar limitations on benefits and contributions under the IRC.
IRS Publishes 2026 Form 8606
The IRS released 2026 Form 8686, Nondeductible IRAs.
The House passed H.R. 1013
The House of Representatives passed H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Act
IRS Posts Draft 2026 Publication 590-A
The IRS has released a draft 2026 Publication 590-A, Contributions to Individual Retirement Arrangements.
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.
Public Policy Proposal: Expanding Automatic Enrollment to Help Close the Retirement Savings Gap
This public policy proposal considers how automatic enrollment could shift the default toward saving, expand participation in retirement programs, and help narrow the retirement savings gap while maintaining individual choice.
2027 Draft Form 1042-S Released
The Internal Revenue Service has posted a 2027 tax year draft Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding.
DOL Fiduciary Rule on Selecting DIAs at OMB
The Office of Management and Budget received a final rule from the Department of Labor titled “Fiduciary Duties in Selecting Designated Investment Alternatives”.