The announcement comes with guidance on all the cost-of-living adjustments affecting limitations for pension plans and other retirement-related items for tax year 2026.
Industry experts discussed making employer offerings for participants nearing retirement easier to understand, documenting them clearly in plan governance and tailoring education to older workers.
Continuing a Trump administration trend of reducing the size and scope of the federal government, EBSA aims to ‘make its limited resources go further.’
Education and tools plan sponsors can reference to help protect retirement plan assets and ensure the financial security of plan participants and beneficiaries.