"In recent years, the IRS has been making moves toward allowing more safe harbor self-corrections for qualified retirement plans. More corrections can be completed under the IRS self-correction program (SCP) without filing for approval under the voluntary correction program (VCP).... [T]he result is an opportunity for plan administrators. But it is not as simple as it sounds. Plan administrators will still need the help of experienced professionals, such as ERISA counsel, to carry out self-corrections."  MORE >>

"A survey conducted by PSCA of 144 sponsors showed that 3% of respondents have crypto investments available through a brokerage window and only 20% would consider adding crypto to their plan in the future. Many respondents answered that crypto is uniquely volatile or risky, or has no underlying value and is purely speculative."  MORE >>

"What is a Solo 401(k)? ... What kinds of contributions can owners put in?  ... What about testing and reporting? ... What happens if the business sponsoring a Solo 401(k) hires an employee? ... Is there a problem with just using a financial institution's stock Solo 401(k) document?"  MORE >>

"[M]ore professionals who work with solo entrepreneurs recommend a solo 401(k) over a SEP IRA (45%). However, both have their pros and cons depending on your unique situation. [This article describes] how each one works, their unique tax benefits, and how you can use them to maximize your retirement savings."  MORE >>

"Recent legislative developments at both the federal and state levels underscore a growing commitment to promoting employee stock ownership plans (ESOPs) ... In May 2025, significant strides were made with the introduction of two federal bills aimed at enhancing ESOP structures, alongside California's proposed SB-713, which seeks to integrate ESOP considerations into state contracting processes."  MORE >>

"Withdrawals from 529 plans are tax-free as long as they're used for qualified educational expenses. Withdrawals from Trump accounts would have fewer restrictions on their uses, but are taxed at long-term capital gains rates.... Trump accounts would be funded at birth and allow for additional contributions each year, while custodial Roth IRAs require a child to have earned income during the year in order to contribute."  MORE >>

"Articles or marketing pieces supporting auto-portability appear to rely on two faulty strategies. Remove those misconceptions and you realize that auto-portability is not significantly better than existing automatic rollover IRA programs.... For the 55% who cash out completely, auto-portability does not help because the balances have not moved from the 'transfer out' plan to an automatic rollover IRA first."  MORE >>

"The latest technology revolution will eventually eliminate some of the public funds' internal staff. To avoid being AI roadkill, pension systems and key employees need to take the initiative collectively."  MORE >>

"The industry is slowly but steadily drifting away from what matters most: the people in the plan. As independent advisors, we've always believed that retirement plan fiduciaries should act with a singular focus: doing what's best for participants. But today, that focus is diluted by the structure and incentives of many advisory firms."  MORE >>

"[I]ndividuals and businesses in parts of Texas affected by severe storms and flooding that began on March 26, 2025 ... now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.... [I]ndividuals and households that reside or have a business in Cameron, Hidalgo, Starr, and Willacy counties qualify for tax relief."  MORE >>

"The court reasoned that '[r]equiring courts to consider evidence of a breach of fiduciary duty related to a release of claims under ERISA aligns with the statute's purpose, structure, and underlying trust-law principles.' ... Because the district court 'found a genuine issue of fact material to the issue of a breach of fiduciary duty in obtaining the release of claims,' the Ninth Circuit noted that 'the final factor warrants serious consideration and may weigh particularly heavily against finding that the release was 'knowing' or 'voluntary' or both.' " [Schuman v. Microchip Technology Inc., Nos. 24-2624, 24-2978 (9th Cir. Jun. 5, 2025)]  MORE >>

"When a business disruption involves decisions on how to reward, motivate, and retain executives, those setting pay must consider the needs of the company, its shareholders, and other stakeholders. Compensating executives during a crisis must balance the retention of top talent with constraints set by stakeholders and the principles of good governance."  MORE >>