May, 2025. "Complete this part only if one or more of the following apply. [1] You made nondeductible contributions to a traditional IRA for 2025.... [2] You took distributions from a traditional IRA in 2025 and you made nondeductible contributions to a traditional IRA in 2025 or an earlier year.... [3] You converted part, but not all, of your traditional IRAs to Roth IRAs in 2025 and you made nondeductible contributions to a traditional IRA in 2025 or an earlier year."  MORE >>

"[Rev. Proc. 2025-21] grants a narrow exception for some sponsors using substitute mortality tables approved before 2025.... Plans that experienced a significant change in coverage can continue to use previously approved substitute mortality tables if: [1] The previously approved substitute tables were developed using the option in Regulations section 1.430(h)(3)-2(d)(6) to determine a single mortality ratio for both genders; [2] There was a significant change for one gender in the population covered by the tables, but not in the number of individuals covered by the plan as a whole; [3] The actuary certifies that the table remains adequately predictive of future experience."  MORE >>

"On the one hand, it's refreshing to see a plan fiduciary not only stand in for several rounds of litigation, but to press for a recovery of costs. It's disappointing to see that request reduced -- and by half -- since this suit seems to have been flawed from the start, and despite several bites at the proverbial apple failed to make its case." [Lopez v. Embry-Riddle Aeronautical Univ., Inc., No. 22-1580 (M.D. Fla. May 16, 2025)]  MORE >>

"[The Retirement Fairness for Charities and Educational Institutions Act of 2025 {HR 1013)] would amend Federal securities laws to allow 403(b) plans to invest in CITs and unregistered insurance contracts that currently may be invested in by comparable retirement plans, such as 401(k)s.... [T]he committee defeated an amendment offered by Rep. Stephen Lynch (D-Mass.) that would have amended the legislation to require that CITs can only be included in 403(b) plans that are covered by ERISA."  MORE >>

"House lawmakers fixed a glitch in their sweeping tax bill that would have hit companies that offer a retirement plan with a 21% excise tax on all wages paid to any employee over $1 million."  MORE >>

"[D]espite their value to employees, matching contributions are not always the best fit for every 401(k) plan. In some cases, nonelective contributions -- such as profit sharing -- may better serve a company's goals. Understanding your matching options is key to designing a 401(k) plan that meets the needs of your business and workforce."  MORE >>

"When everything goes to plan, a standard 401(k) rollover can take approximately two weeks from processing to deposit. If you add weather delays or a busy mail season to the mix, a rollover can stretch to a month.... In the case of a $100,000 rollover check, a 2-week absence from the market during an upturn could cost $37,512 in lost returns over 30 years. An 8-week delay could result in $76,000 in lost returns over 30 years, or over 75% of the original check's value."  MORE >>

"House Republican leaders have dropped a plan to require about half of federal employees to begin paying more toward their future retirement benefits ... [T]he leadership also delayed the effective dates of provisions to calculate new annuities on a high-five salary base and to generally end the FERS 'special retirement supplement' -- in both cases to make those changes effective for those newly retiring in calendar year 2028 and later."  MORE >>

"The bipartisan legislation [HR 1013] would ensure working Americans in education, charitable organizations, public service, and certain types of health care can access cost-efficient investment options available in all other retirement plan types, such as 401(k)'s and governmental 457(b)'s. While SECURE 2.0 helped move forward the necessary first step to provide 403(b) plans with lower-cost options by allowing CITs or group trusts, the securities law changes needed to make the provision effective were not included in the final bill."  MORE >>

"Recognizing the benefits of deferential review, Firestone set off a veritable land grab by insurers and plan administrators to claim that either existing language in their plans or quickly adopted plan amendments granted discretion to interpret plan provisions and render eligibility determinations.... [1] The import of discretionary clauses ... [2] Discretionary language ... [3] Efforts to rein in discretionary clauses ... [4] The impact of discretionary clauses ... [5] Conflict of interest ... [6] Forfeiture of discretion ... [7] The meaning of substantial evidence."  MORE >>

"Donating wealth to charities and passing it along to future generations are important financial goals. What planning techniques are optimal if a large portion of your wealth comes from stock compensation?"  MORE >>

"Careful planning is needed across a range of issues ... to avoid surprises that may disrupt management stability at a key inflection point in the company's trajectory.... [1] Potential 'good reason' severance exposure ... [2] Section 280G golden parachute tax ... [3] Compensation disclosure obligations ... [4] Management equity: outstanding public company awards.... [5] Management equity under private ownership."  MORE >>