IRS Releases 2026-2027 Priority Guidance Plan
The Department of Treasury and Internal Revenue Service (IRS) have released a list guidance projects outlining priorities for the period October 1, 2026, through September 30, 2027.
Industry & Regulatory News
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.
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.
IRS Obsoletes Several Guidance Items
The Internal Revenue Service (IRS) has released Notice 2026-58, eliminating extraneous and unnecessary items by identifying and obsoleting 71 Revenue Rulings, Revenue Procedures, Notices and Announcements that were previously published.
Treasury Announces Trump Account Automatic Enrollment Completion
The Department of Treasury has announced the completion of automatic enrollment for Trump accounts, indicating that every eligible child under the age of 18 with a valid Social Security number (SSN) now has a Trump account.
IRS Posts Updated Draft Instructions for Benefit Plan Determinations
The Internal Revenue Service (IRS) has issued draft instructions for Form 5300, Application for Determination for Employee Benefit Plans.
Sonderling Confirmed as Labor Secretary
The Senate has confirmed Keith Sonderling as the Secretary of Labor by a vote of 47-41.
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.
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.
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.
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.