Tag: Internal Revenue Service (IRS)

New guidance would encourage electronic transfers and standardized forms for moving retirement savings between plans.

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

The agency also announced a deadline by which employers intending to maintain a Cycle 4 plan must adopt that plan.

The Social Security Administration commissioner and IRS CEO will add another, currently unclear, role, according to the Department of the...

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

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

The contribution limit for health savings accounts will increase to $4,500 from $4,400 for 2027.

In addition to extending the deadline for plans to permit distributions, the notice clarified reporting requirements for plan sponsors and...

The government has previously welcomed industry insight on other aspects of the newly established investment vehicles.

The departments of Labor and the Treasury, along with the IRS and other agencies, would lose headcount.

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

Investment managers have pushed for a wide range of investments, but asset allocation rules remain uncertain.

Draft regulations outline how parents and guardians can open tax-advantaged investment accounts for children and access a government-funded pilot contribution...

According to the agency, enforcement will instead begin at least 6 months after final regulations are issued in the Federal...

The accounts now have until the end of 2027 to make required adjustments, a one-year extension.

Plan administrators should use the guidance to provide participants with the applicable explanations.

The One Big Beautiful Bill Act and 3 executive orders signed in 2025 helped shape this year’s edition.

The documents enable plan sponsors to determine additional benefits for employees whose compensation exceeds certain thresholds.

Changes affect terminated multiemployer defined benefit plans; plans using a variable annuity benefit formula; and terminated single-employer PBGC-covered plans.

The handoff will likely begin with plan sponsors and payroll providers, but the process becomes more complex after that.