Our Perspective
Q2 2026 Newsletter
The Department of Labor (DOL) released Field Assistance Bulletin (FAB) 2026-02 on May 12, 2026, to address SECURE Act 2.0’s paper statement requirement for plans under ERISA §105(a)(2)(E). The new rule requires that defined contribution plans furnish participants with at least one paper pension benefit statement each calendar year. Defined benefit plans generally must furnish at least one paper statement every three calendar years. The requirement applies to the 2026 and later plan years.
Q1 2026 Newsletter
During the president's 2026 State of the Union Address, he referenced a new retirement savings initiative aimed at workers who lack access to employer-sponsored retirement plans. While no legislation has been formally introduced yet, several policy signals and related regulatory activity provide insight into how the proposal may work and how it could interact with existing retirement incentives.
2025 Q2 Newsletter
The Employee Benefits Security Administration (EBSA) recovered nearly $1.4 billion for employee benefit plans, participants, and beneficiaries in 2024, according to the EBSA’s annual enforcement fact sheet. Enforcement results for FY 2024 were consistent with FY 2023’s results, despite budget cuts and personnel resignations. The EBSA oversees 2.6 million health plans, 801,000 private retirement plans, and 514,000 other welfare benefit plans, covering 156 million individuals.
2025 Q1 Newsletter
The IRS issued Proposed Treasury Regulation 1.414A-1 on January 14, 2025, in support of SECURE Act 2.0’s mandate to include eligible automatic contribution arrangements (EACAs) in newly established 401(k) and 403(b) plans, effective for plan years after December 31, 2024. The proposed regulations also address other provisions of SECURE Act 2.0 as they relate to the auto enroll mandate, including
Quarterly Newsletter - September 2024
On July 18, 2024, the IRS released final required minimum distribution (RMD) rules, along with proposed rules addressing certain supplementary issues. This rule package is extensive and will take time to fully understand. What follows is a high-level summary of key points. The final and proposed regulations affect qualified 401(a) plans (including 401(k) plans), 403(a) annuity plans, 403(b) plans, governmental 457(b) plans, and IRAs. Generally, they apply to distribution calendar years beginning on or after January 1, 2025. For earlier years, individuals must apply the 2002 and 2004 regulations, using a reasonable, good faith interpretation of the amendments made by the SECURE Act and SECURE Act 2.0.