The Internal Revenue Service (IRS) has issued final regulations implementing catch-up contribution requirements introduced by the SECURE 2.0 Act of 2022 (SECURE 2.0). These final regulations follow the proposed regulations released in January 2025, as detailed in a previous Washington Pulse.
Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025. This article outlines certain retirement and financial provisions included in the OBBBA.
At Ascensus, we have always believed that saving is one of the most powerful tools individuals can use to build financial security. As one of the country’s leading administrators of tax-advantaged savings plans, we serve more than 16 million people who are saving for retirement, education, and disability-related expenses.
Growth Strategies · Expand my practice · BOLI · Article
As the financial landscape continues to evolve, the environment for bank mergers and acquisitions (M&A) is becoming more prevalent.
While bank consolidation offers many strategic benefits, it also brings new challenges, including the inheritance of the acquired bank’s bank-owned life insurance (BOLI) program. The long-dated nature of life insurance policies adds ownership complexity, especially when those with product and historical knowledge of the acquired BOLI program are no longer with the bank.
Under the Employee Retirement Income Security Act (ERISA), Section 404(c) offers retirement plan sponsors a crucial safe harbor—but only if they meet the necessary requirements. This protection shields fiduciaries from liability for investment outcomes as long as plan participants are given sufficient control and information over their investment choices.
Facing a “Qualified Professional Asset Manager” (QPAM) audit can feel overwhelming for asset managers. Whether you’re dealing with a compliance issue from an affiliate’s criminal conviction or navigating a deferred prosecution agreement, the process of reinstating your QPAM status requires careful preparation and expert guidance. The good news? You don’t have to navigate this complex QPAM audit journey alone.
A stronger retirement plan, financially healthier employees, better business outcomes. We have the key programs and services to help you get there.
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