BenefitsWire

“The new requirements would expand the scope of information that must be filed as part of the Annual Statement of Compliance to include documentation of plan investment policies and procedures for locating missing participants. “One of PBGC’s highest priorities is monitoring the stewardship of SFA funds to ensure that taxpayer dollars are used solely for their intended purpose,” said PBGC Director Janet Dhillon. “The proposed changes would give PBGC additional tools to verify that SFA funds are being managed responsibly and used to pay earned pension benefits to retirees and their beneficiaries.” MORE >>

Source: PBGC

“Updated EPCRS rules take effect immediately, while a new SECURE 2.0-mandated IRA correction system aims to simplify error fixes and 60-day rollover waiver requests beginning in 2027 The Treasury Department and Internal Revenue Service today announced significant updates to the federal retirement plan correction program, expanding opportunities for plan sponsors to fix compliance errors while establishing a new correction system for Individual Retirement Accounts (IRAs).” MORE >>

Source: 401(k) Specialist

The Department of Labor is proposing an exemption to allow the GCI 401(k) Plan to continue holding certain stock rights, which would otherwise be prohibited under ERISA. MORE >>

Source: Federal Register

“On October 16, 2026, the Pension Benefit Guaranty Corporation (PBGC) issued a notice on proposed changes to expand the information it collects from multiemployer defined benefit (DB) plans that received special financial assistance (SFA). If finalized, the changes would require these plans to submit additional information and documentation with their Annual Statement of Compliance (ASOC). Comments are due by December 15, 2026.” MORE >>

Source: Milliman

Source: Federal Register

“The notice contemplates a five-step rollover process that includes the use of four separate forms. The participant initiates the process by submitting a request to the plan that will receive the rollover. The receiving plan and the distributing plan then work together to complete the rollover with little to no additional participant involvement. The sample forms can be used in any rollover to or from an employer-sponsored plan but can’t be used in transfers between IRAs. The notice suggests that plans can begin following the proposed process and using the sample forms immediately.” MORE >>

Source: Mercer

“The Pension Benefit Guaranty Corporation announced on October 14, 2026 that for 2027 premiums for multiemployer pension plans will be a flat $42 per participant. This represents a 5% increase from 2026 rates (a $2 increase) and a 40% increase from rate levels 10 years ago ($30 per participant).” MORE >>

Source: Ogletree Deakins

“The proposal would expand Rule 17a-7 to cover securities valued using directly or indirectly observable market information, generally Level 2 securities. This change would make many corporate, municipal, and other fixed-income securities eligible for cross-trading. Securities valued primarily using unobservable information, generally Level 3 securities, would remain ineligible. Funds could use either of two methods to price a cross trade: The two methods are intended to accommodate current valuation and trading practices while providing an objective basis for the price paid by each side of the trade.” MORE >>

Source: Faegre Drinker

“The IRS also provides the applicable 30-year Treasury weighted average interest rate and permissible range used for certain pension plan calculations. [IRS, Notice 2026-65, 10/19/26]” MORE >>

Source: news.bloomberglaw.com

“Find Your Next Job ! Health care providers and organizations that receive or administer federal program funds should expect tips to reach prosecutors earlier.” MORE >>

Source: National Law Review