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Regulatory and Legislative
DOL Launches Opinion Letter Program
The Department of Labor has announced the launch of its opinion letter program.
Regulatory and Legislative
DOL Notice on Information Collection Activities has left OMB
A notice of availability and request for comments on DOL information collection activities has left the Office of Management and Budget.
Regulatory and Legislative
DOL Requests Comments on Alternative Reporting and Disclosure Methods for ‘Top Hat’ Plans
The Department of Labor provides an alternative method of compliance with the rules for reporting and disclosing information under Title I of ERISA for 'top hat' plans.
Regulatory and Legislative
DOL Rescinds 2022 Guidance on Cryptocurrency in 401(k) Plans
The Secretary of Labor has announced that the Department of Labor has rescinded a 2022 compliance release that discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans.
Regulatory and Legislative
Auto Reenroll Act Reintroduced
Senators Bill Cassidy (R-LA) and Tim Kaine (D-VA) have re-introduced the Auto Reenroll Act.
Regulatory and Legislative
House Passes Reconciliation Tax Bill
The House of Representatives has passed their version of the reconciliation tax bill—H.R. 1, the One Big Beautiful Bill Act—by a vote of 215-214.
Regulatory and Legislative
Proposal Allowing CITs in 403(b) Plans Clears House Committee
H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Act introduced by Representatives Frank Lucas (R-OK) and several cosponsors in February was one of several bills advanced out of the House Financial Services Committee.
Regulatory and Legislative
Retirement Plan Disaster Assistance May Be Available for Several States
The Federal Emergency Management Agency issued several Major Disaster Declarations on May 21, 2025.
Regulatory and Legislative
IRS Announces Applicable Federal Rates for June
The IRS has issued Revenue Ruling 2025-12 which contains the applicable federal rates for June 2025.
Regulatory and Legislative
IRS Issues Yield Curves and Segment Rates for DB Plans
The Internal Revenue Service has issued Notice 2025-29, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.