News and Education

The Internal Revenue Service (IRS) has issued two coordinated proposed regulations that begin to define how Trump accounts will operate. One proposal addresses how Trump accounts are established for children under Internal Revenue Code Section (IRC Sec.) 530A, while a companion proposal explains how a limited group of accounts may receive a one time $1,000 federal pilot contribution authorized under IRC Sec. 6434. Together, the proposals outline the basic framework for creating Trump accounts and seeding certain accounts with an initial federal contribution, while reserving many substantive operational rules for future guidance.

The Department of Labor (DOL) has issued a proposed rule amending the electronic delivery regulations for certain retirement plan documents to align with new requirements established under the SECURE 2.0 Act (SECURE 2.0). The proposal updates—rather than replaces—the 2002 and 2020 safe harbors, preserving electronic delivery as the default for most plan disclosures while adding new conditions for when certain paper benefit statements are required.

Nearly 83 million Americans lack workplace retirement savings coverage—including independent and gig workers and employees who lack coverage under an employer sponsored retirement plan—leaving half the U.S. workforce without a clear path to financial security.¹ Nearly 83 million Americans lack workplace retirement savings coverage Establishing national IRA standards with automatic enrollment features can meaningfully close this significant retirement coverage gap.

¹ Angela M. Antonelli. Who Lacks Access to Retirement Savings? A State-Level Analysis and an Examination of the Potential Benefits of State-Facilitated Retirement Savings Programs, Policy Report no. 25 01 (Washington, DC: Center for Retirement Initiatives, Georgetown University, March 2025), https://cri.georgetown.edu/wp-content/uploads/2025/03/Who-Lacks-Access-to-Retirement-Savings.pdf

As an employer, you play a direct role in your employees’ well-being. A workplace financial wellness program can help reduce employee financial stress, improve engagement, and support better decision-making—leading to higher productivity and stronger retirement outcomes. 

Managing a retirement plan comes with complex decisions and numerous questions. By combining artificial intelligence with human expertise, see how Ascensus is simplifying processes, providing faster responses, and creating a more intuitive experience for you and your employees.

Dive into the future of retirement plan compliance. In this TechFWD segment, discover how Ascensus utilizes groundbreaking tools and forward-thinking technology to reshape the regulatory landscape, making it smarter, simpler, and more efficient for plan sponsors.

Seasoned Retirement Industry Leader to Oversee Ascensus’ Retirement Business and Advance
Long‑Term Growth Strategy

Addition of the nation’s largest independent ABLE program expands Ascensus’ ABLE presence to 24 plans nationwide

New 401(k) and 403(b) PEPs Expand Retirement Access

Dresher, PA—Ascensus, the leading independent technology and service platform powering savings plans across America, has announced the launch of two new Pooled Employer Plans (PEPs) in collaboration with OneDigital, a national insurance brokerage and financial services firm.