BenefitsWire

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

Source: PLANSPONSOR

“The Department of the Treasury and the IRS are moving ahead with implementation of the federal Saver’s Match, outlining anticipated rules for a program that will replace the Saver’s Credit, a federal tax credit.” MORE >>

Source: PLANADVISER

“Under the Trump Accounts program, employers may contribute up to $2,500 to the individual retirement account (IRA) per each eligible employee. The new proposal would create a separate written employer plan and exclude employee’s income of up to $2,500 each year. This written plan would need to specify what employees are eligible to participate in the program; contribution formulas utilized, including section 125 cafeteria plan salary reduction arrangements; account-designated procedures; required notices and reporting for employees; and procedures for amending administrative errors; among other requirements.” MORE >>

Source: 401(k) Specialist

“On September 4, 2026, a significant shift in tax administration takes effect for practitioners representing qualified retirement plans and tax-exempt organizations. The Internal Revenue Service (IRS) has issued Revenue Procedure 2026-30, which establishes that all requests for letter rulings and nonbank trustee approval letters under the jurisdiction of the Employee Plans Rulings and Agreements Office must be submitted electronically. Specifically, this procedure mandates the use of Form 15662, Application for Private Letter Rulings, and requires that all submissions and associated user fees be processed through the Pay.gov website. Mailed or hand-delivered paper submissions, along with phys” MORE >>

Source: currentfederaltaxdevelopments.com

“The Treasury Department and the IRS (“IRS”) issued Notice 2026-48 (the “Notice”) providing initial guidance on the new Saver’s Match created by section 103 of SECURE 2.0. Effective in 2027 (with the first match paid in 2028), the Saver’s Match largely replaces the Saver’s Tax Credit with a new matching contribution from the federal government for low-and moderate-income taxpayers that must be deposited directly into a retirement plan or IRA, which raises a host of complex issues. The Notice clarifies a number of interpretative questions related to the Saver’s Match and, importantly, requests comments on options for delivering the match directly to plans and IRAs.” MORE >>

Source: Groom Law Group

The IRS is seeking public comment on its information collection requests related to U.S. Trust and Estate Income Tax Returns and related forms, schedules, and guidance, as required by the Paperwork Reduction Act. MORE >>

Source: Federal Register

“Covered government contractors and subcontractors may want to consider preparing now so they can complete their required filings by the September 30, 2026, deadline.” MORE >>

Source: Ogletree Deakins

"This document contains proposed regulations that would provide guidance with respect to employer contributions to Trump accounts, including applicable nondiscrimination rules, and the nondiscrimination rules for dependent care assistance programs." MORE >>

Source: Federal Register

Source: Federal Register

“The final regulations include final rules related to a SECURE 2.0 Act provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions.” MORE >>

Source: irs.gov

“While the expanded definition of fiduciary investment advice in the 2024 regulation never took effect due to court orders staying its implementation, DOL formally reinstated the agency’s longstanding regulatory definition from 1975. That regulation establishes a bright-line test to determine whether a person is an investment advice fiduciary.” MORE >>

Source: mercer.com