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Enhanced offering adds 3(16) administrative fiduciary services and a new 401(k) solution featuring Vanguard investments, giving small businesses and advisors expanded capabilities and greater flexibility

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).

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.

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.

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.

The Internal Revenue Service has issued Announcement 2026-15, indicating that it intends to issue opinion letters for defined contribution pre-approved plans updating qualification requirements under the fourth remedial amendment cycle (Cycle 4) as soon as August 31, 2026, or shortly thereafter.

Senators John Husted (R-OH) and Michael Bennet (D-CO) have introduced S. 5227, the First-Time Home Buyer Empowerment Act. According to a press release, the bill would allow first-time homebuyers to use leftover 529 plan funds tax-free to buy or build their first home.

FEMA issued Major Disaster Declarations on August 3 for disaster events in Nebraska, Missouri, Mississippi, and West Virginia. The declarations cover severe storms, tornadoes, flooding, straight-line winds, and Tropical Storm Arthur that occurred from May through July 2026 and may trigger federal disaster relief and related regulatory accommodations for affected individuals and employers.

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