Groom: In Brief

Under Code section 101(a)(1), death benefits paid under a life insurance contract are excluded from gross income, subject to the...

On Friday, July 3, Treasury posted its 2026 regulatory agenda, which includes the following retirement and executive compensation items:...

As the Trump account go-live date approaches, regulatory guidance is arriving on several fronts. On June 29, the IRS issued Revenue...

With only a few days until launch, Treasury announced that all Trump Accounts will be defaulted into investing in the State Street SPDR...

The IRS rarely rules on issues involving life insurance and annuity contracts, so recent IRS private letter rulings 202625002 and...

The IRS regulations (Treas. Reg. section 1.408-2(e)(5)(ii)) provide a mathematical rule for nonbank trustees to demonstrate that they...

The IRS has released Notice 2026-34, establishing the 2026 Cumulative List of Changes in Plan Qualification Requirements for Defined...

New for 2026, defined contribution plans (401(k), 403(a), profit sharing plans, 403(b), 457(b) plans) can allow participants to use...

Great news for retirement plan participants who wish to make charitable distributions directly from their qualified plan accounts!  A...

IRA providers, like qualified plan sponsors, were required to update their IRA documents for SECURE Act 1.0/2.0 by December 31, 2026,...

On May 12, 2026, the Department of Labor issued Field Assistance Bulletin 2026-02 (“FAB”), announcing a temporary “non”-enforcement...

On May 8, 2026, Assistant Secretary of Labor Daniel Aronowitz delivered remarks at The ESOP Association’s National Conference in...