FuturePlan ERISA Team

The Internal Revenue Service has issued two coordinated proposed regulations that begin to define how Trump accounts will operate.

The Department of Labor has released a proposed rule, “Fiduciary Duties In Selecting Designated Investment Alternatives”.

The Department of Labor has issued a proposed rule amending the electronic delivery regulations for certain retirement plan documents to align with new requirements established under the SECURE 2.0 Act. 

The U.S. Department of Labor’s Employee Benefits Security Administration has removed the Biden-era 2024 final rule, “Retirement Security Rule: Definition of an Investment Advice Fiduciary,” from the Code of Federal Regulations.

The Internal Revenue Service has issued Revenue Ruling 2026-07 which contains the applicable federal rates for April 2026. 

Senator Rick Scott (R-FL) has introduced S. 4026, the American Dream Accounts Act.

The Internal Revenue Service has issued Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities to be used for tax year 2026.

Nearly 83 million Americans lack workplace retirement savings coverage. 

The Department of Treasury and Internal Revenue Service have issued a proposed rule providing guidance on how an election to open a Trump account is made on behalf of an eligible individual. 

Representative Young Kim (R-CA) has introduced H.R. 7737, the Savings and Early Exposure to Diversified Securities (SEEDS) Act.