Tag: Department of the Treasury

Treasury plan would allow up to $2,500 in tax-free employer contributions while setting nondiscrimination, reporting and salary-reduction requirements for workplace...

According to the Treasury secretary, 7 million children are already enrolled, as officials highlight educational features and expanded funding options.

Less than one year after being authorized, and after multiple rounds of guidance, the accounts for children are active.

A State Street exchange-traded fund based on the S&P 500 will serve as the default, with other index funds to...

According to Secretary of the Treasury Scott Bessent, the administration will turn to broader retirement access proposals after the July...

The Department of the Treasury did not specify whether other firms may assist in setting up or administering the accounts.

Employers, retirement firms and investment managers urged clearer rules as the Department of the Treasury establishes regulations for federally backed...

No new details were announced, but J.P. Morgan, Bank of America and others committed to match the U.S. government’s initial...

BlackRock, Charles Schwab, Russell Investments, and ICI pledge employer contributions before July pilot program begins.

The jointly issued proposal would expand data disclosures, expose utilization patterns and increase compliance responsibilities for employer-sponsored plans.

The department stated that non-citizens will be ineligible for the tax credits scheduled to go into effect in 2027. 

The statutory deadline has not been extended, but the rules will only be applied in 'good faith' in 2026.

The Retirement Savings for Americans Act could help some save $126,000 over a 40-year career, according to RAND.

The order limits access to Department of the Treasury data to two individuals working with Elon Musk’s DOGE and excludes...

The Alliance for Retired Americans and two union groups accused Secretary of the Treasury Scott Bessent of violating the privacy...

The ERISA Industry Committee is challenging the Departments of Labor, Health and Human Services and Treasury, arguing the final rule...

Recordkeepers, industry organizations and academics weighed in on how to best get plan sponsors to implement a federal matching program...

Treasury Department report includes a strong focus on implementing programs like the Saver’s Match. 

The regulators are seeking input by November 4 on the federal program scheduled to begin in 2027.

A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...