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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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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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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

IRS Issues Rollover Guidance Under SECURE 2.0

The Internal Revenue Service (IRS) has issued Notice 2026-49, providing rollover guidance in accordance with section 324 of SECURE 2.0. Section 324 directed the Treasury and IRS to develop and issue guidance to simplify, standardize, and expedite rollovers to eligible retirement plans and trustee‑to‑trustee transfers from IRAs.
Defined benefit plan Defined contribution plan IRA IRS IRS Guidance

PBGC Comments on FASB Market-Return Cash Balance Proposal

The Pension Benefit Guaranty Corporation (PBGC) has submitted comments to the Financial Accounting Standards Board (FASB) regarding topic 715-30, Discount Rate Used to Measure the Benefit Obligation for Certain Market-Return Cash Balance Plans.
Defined benefit plan

Trump Account Employer Contribution Guidance Released

A proposed rule by the Department of Treasury and IRS addressing Trump account employer contributions and associated nondiscrimination testing requirements has been released. One of the features of Trump accounts passed into law last year under the One Big Beautiful Bill Act, is the ability for employers to make Section 125 employer contributions up to $2,500 (indexed) to a Trump account established for an employee or their dependent, under a separate written plan of the employer.
IRA IRS Guidance IRS

IRS Announces Deadline Relief for Taxpayers Impacted by Mississippi Storms

The Internal Revenue Service (IRS) has announced the postponement of certain tax-related deadlines for individuals and businesses in Mississippi affected by Tropical Storm Arthur that began on June 18, 2026.
Defined benefit plan Defined contribution plan HSA IRA IRS

IRS Announces Deadline Relief for Taxpayers Impacted by West Virginia Storms

The Internal Revenue Service (IRS) has announced the postponement of certain tax-related deadlines for individuals and businesses in Lewis and Upshur counties in West Virginia that were affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that began on July 21, 2026.
Defined benefit plan Defined contribution plan HSA IRA IRS IRS Guidance

Enhanced Trump Account Enrollment for Newborns Introduced

Senators Shelley Capito (R-WV) and Jim Justice (R-WV) have introduced S. 5243, to provide for the automatic establishment of Trump accounts using information collected under the Enumeration at Birth Program (EAB) of the Social Security Administration (SSA).
IRA Legislative updates

IRS Issues Notice on Saver's Match

The Internal Revenue Service (IRS) has issued Notice 2026-48, indicating that the Department of Treasury and IRS intend to issue proposed regulations regarding the Saver's Match contribution provision under SECURE 2.0.
Defined contribution plan IRA Legislative updates

IRS Releases Draft Form 5329

The Internal Revenue Service (IRS) has posted 2026 draft Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. In addition to qualified retirement plans and individual retirement arrangements (IRAs), this form is used to report excise taxes applicable to 529 plans, Coverdell education savings accounts (ESAs), health savings accounts (HSAs), Archer medical savings accounts (MSAs), and Achieving a Better Life Experience (ABLE) accounts.
Defined contribution plan HSA IRA IRS

IRS Posts 2027 Draft Forms W-4P, W-4R

The Internal Revenue Service has released the 2027 draft Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments and 2027 draft Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions.
IRA IRS Defined contribution plan