Tag: Internal Revenue Service (IRS)

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. 

The guidance lays out regulatory and statutory changes that might require plan amendments.  

The savings accounts for children are expected to go live on July 4, 2026.

Recordkeepers and payroll providers say systems will not be thrown off by the later release.

The announcement comes with guidance on all the cost-of-living adjustments affecting limitations for pension plans and other retirement-related items for...

The record closure in Washington has left plan sponsors with minimal time to navigate upcoming changes. 

The industry awaits updates defining plan contribution limits for 2026, among others currently in limbo.

July’s One Big Beautiful Bill created provisions that essentially close the door on the pandemic-era tax credit.

The announcement comes one day after the tax regulator began furloughing employees because of the ongoing government shutdown. 

The agency will retain slightly more than half of its staff, but it will likely face delays if the government...

Dhillon was one of 108 nominees confirmed Tuesday night to fill a variety of Department of Labor and other federal...

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

Plan sponsors, payroll providers and plan administrators should already be ensuring they have processes in place to comply with the...