Tag: Internal Revenue Service (IRS)

Electronic transfers and standardized forms for moving retirement savings between plans would be encouraged under the proposed regulations.

Proposed rules would allow up to $2,500 in tax-free employer contributions and touch open nondiscrimination standards, tax reporting and other...

Direct government matching contribution to eligible taxpayers’ retirement plans are expected to begin in 2028.

Employers intending to maintain plans filed during the fourth restatement cycle must adopt that plan by September 30, 2028.

The new investment accounts for eligible US children under the age of 18 are allowed to receive donations of publicly...

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

The notice extended the deadline for plans to permit the distributions and clarified reporting requirements for plan sponsors and insurance...

Starting Tuesday, the public has 60 days to submit written feedback to the IRS on the new form.

The Department of Labor could lose one-fourth of its budget and more than 2,000 full-time employees.

So far the Department of the Treasury has not specified whether other firms will help set up or administer the...

Asset allocation rules remain uncertain as investment managers push for greater diversification. 

The proposal details how the IRS would treat one-time $1,000 government contributions to accounts of U.S. children born between 2025...

Rules governing required minimum distributions from retirement accounts, first proposed in February 2022, will not take effect until at least...

The agency could add further extensions if it deems them necessary.

The IRS published new guidance based on the One Big Beautiful Bill Act, executive orders and more.

The documents contain information on the permitted disparities in employer-provided contributions or benefits.

While plan sponsors and payroll providers will likely take the first steps, recordkeepers face growing complexity as the new requirements...

New requirements impact discontinued multiemployer pension plans, variable annuity formula plans, and PBGC-covered single-employer plans that have been terminated. 

Many retirement plans may need amendments to meet regulatory updates regarding required minimum distributions and SECURE and SECURE 2.0 provisions.

These are the first official rules for a new kind of tax-advantaged savings account designed for minors born from 2025...