Agencies Release Reporting and Disclosure RFI Under SECURE 2.0

The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have released a Request for Information (RFI) pursuant to Section 319 of SECURE 2.0. The agencies are directed under SECURE 2.0 to review existing reporting and disclosure requirements and report to Congress by December 29, 2025, regarding the effectiveness of these requirements under ERISA and the Internal Revenue Code. The report is to include recommendations for consolidating, simplifying, standardizing, and improving requirements with an eye toward reducing compliance burdens and ensuring participants receive information that is understandable and useful in preparing for retirement.

This RFI is intended to solicit feedback from commenters that will inform agencies on the overall effectiveness of the reporting and disclosure framework. Comments are due 90 days after publication in the Federal Register.