The Daily Brief for Benefits Professionals
BenefitsWire
Retirement Plans
October 29, 2026
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10 items · ~2 min read
In this issue
Regulatory Action and Guidance (2) · Retirement Plans (3) · General Benefits (4) · Webinars (1)
Regulatory Action and Guidance
2 items“On October 23, 2026, the IRS issued Revenue Procedure 2026-34, a comprehensive update to the Employee Plans Compliance Resolution System (“EPCRS”), which is the IRS program for correcting retirement-plan errors. The retirement plan community has been eagerly awaiting this guidance for several years, as we are now nearly two years beyond the Congressional deadline imposed on the IRS by the SECURE 2.0 Act. The update incorporates key correction provisions of SECURE 2.0 and interim IRS guidance, as well as other updates designed to improve EPCRS.” MORE >>
Source: National Law Review
“The SECURE 2.0 Act of 2022 (“SECURE 2.0”) brought significant changes to the correction of inadvertent errors for employer retirement plans, as described in our prior Legal Alert.” MORE >>
Source: Kilpatrick
Retirement Plans
3 items“Ron Surz says that if Baby Boomers suffer the misfortune of losing their savings in TDFs with (unknown to them) too much risk, they’ll get even. Fiduciaries beware.” MORE >>
Source: 401(k) Specialist
“by Christopher Carosa, CTFA | Oct 27, 2026 | Basic Members, Education, Plan Sponsors | 0 comments Viewing this content requires a Basic (Free) Membership or better. You are not currently logged in.” MORE >>
Source: Fiduciary News
“Our recent research across public and quasi-public retirement organizations shows that modernization is being driven by practical priorities. Among 43 senior leaders surveyed, 74% were directors or executives. Their leading goals included expanding advanced technology, including AI, reducing operating costs, improving member and employee experience, maintaining compliance, and strengthening data and analytics.” MORE >>
Source: NCPERS
General Benefits
4 items“While cyberattacks are unfortunately not foreign to company technology support teams, many provide a lesson for other teams to learn from.” MORE >>
Source: PLANADVISER
“By Christopher B. Tobe, CFA, CAIA Fred Reish and Chris Heye identify a real retirement problem in their Summer 2026 Journal of Pension Benefits article, “The Importance of Annuities for Retired Workers: Why 401(k) Plans Should Include Guaranteed Income.” MORE >>
Source: The Commonsense 401(k) Project
[Retirement Plans]
Retirement Savings Struggles Hit All Generations, Study Finds“Some 78% of American workers polled said that today’s high cost of living is making it far more difficult for them to save for retirement. It’s a sentiment that’s shared nearly equally by percentage among Gen Z (82%), Millennials (78%) and Gen X-aged workers (80%), with only older Baby Boomer-aged workers marginally less in agreement, at 68%.” MORE >>
Source: 401(k) Specialist
[Retirement Plans]
Plan Providers: AI Is Coming for the Retirement Plan Business“When Terminator 2: Judgment Day came out in 1991, one of the things that made the movie so effective was the fear behind it. The machines were not just tools anymore. They had become powerful enough to make decisions on their own, and humanity had lost control.” MORE >>
Source: The Rosenbaum Law Firm, P.C.
Webinars
1 item“Plan mistakes happen, and the IRS just rewrote the playbook for fixing them. The new EPCRS (Rev. Proc. 2026-34) is already in effect, incorporating SECURE 2.0 and changes to self-correction and retroactive amendments. IRAs are also getting their own correction program (Rev. Proc. 2026-33) starting May 2027. Katrina Veldkamp and Sherrie Boutwell will break down what’s new, what’s changed, and what it means for you.” MORE >>
Source: Boutwell Fay