Industry Groups Weigh In on IRS Plan for Trump Accounts
Employers, retirement firms and investment managers urged clearer rules as the Department of the Treasury establishes regulations for federally backed...
Tag: Department of the Treasury
Bessent: 500,000 Already Signed Up for Trump Accounts
No new details were announced, but J.P. Morgan, Bank of America and others committed to match the U.S. government’s initial...
Benefits |
Major Financial Firms Commit Matching Funds to Trump Retirement Accounts
BlackRock, Charles Schwab, Russell Investments, and ICI pledge employer contributions before July pilot program begins.
Federal Agencies Propose Changes to Health Plan Price Transparency Rules
The jointly issued proposal would expand data disclosures, expose utilization patterns and increase compliance responsibilities for employer-sponsored plans.
Treasury Intends to Exclude Undocumented Immigrants From Saver’s Match
The department stated that non-citizens will be ineligible for the tax credits scheduled to go into effect in 2027.
Treasury, IRS Issue Final Regulations on Roth Catch-up Contributions
The statutory deadline has not been extended, but the rules will only be applied in 'good faith' in 2026.
Retirement Savings Proposal Could Provide Six-Figure Nest Eggs for Lowest Earners
The Retirement Savings for Americans Act could help some save $126,000 over a 40-year career, according to RAND.
Judge Limits Treasury Secretary From Widely Distributing Data to DOGE
The order limits access to Department of the Treasury data to two individuals working with Elon Musk’s DOGE and excludes...
Retiree Advocacy Group, Public Employee Unions Sue Treasury due to ‘Illegal DOGE Data Access’
The Alliance for Retired Americans and two union groups accused Secretary of the Treasury Scott Bessent of violating the privacy...
ERIC Files Lawsuit to Invalidate Final Rules on Mental Health Parity
The ERISA Industry Committee is challenging the Departments of Labor, Health and Human Services and Treasury, arguing the final rule...
Treasury, IRS Advised for Simplicity, Public Push on Saver’s Match
Recordkeepers, industry organizations and academics weighed in on how to best get plan sponsors to implement a federal matching program...
Benefits |
Biden Administration Stresses SECURE 2.0 and Financial Inclusion
Treasury Department report includes a strong focus on implementing programs like the Saver’s Match.
IRS and Treasury Request Comments on Saver’s Match Contributions
The regulators are seeking input by November 4 on the federal program scheduled to begin in 2027.
Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed
A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...
Lawsuit Targets Fiduciaries of Hess Corp.
A lawsuit against the Hess Corp. alleges Hess plan fiduciaries included target-date mutual funds instead of collective investment trusts in...
Benefits |
EBSA’s Lisa Gomez Talks DOL 2024 Agenda
The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...