Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 31 AUGUST 2026

IRS Issues New Guidance On Rollovers

Groom Law Group, Chartered
Groom Law Group, Chartered
Contributor
Groom Law Group, Chartered

Groom Law Group, Chartered

Groom Law Group has been at the forefront of developments in the nation’s benefits, health, and...

View firm profile
Explore more from Groom Law Group, Chartered

The Treasury Department and IRS have introduced a new standardized framework for direct rollovers between retirement plans and IRAs, featuring a five-step process with sample forms designed to simplify what has historically been a fragmented and paper-heavy system. While adoption remains voluntary and no formal safe harbor exists yet, this initiative addresses longstanding inefficiencies in rollover procedures that have caused participant confusion and delays.

United StatesEmployment and HR
David Ashner
David Ashner
Elizabeth Dold
Elizabeth Dold
Joanne Jacobson
Joanne Jacobson
Author LinkedIn connections

The Treasury Department and IRS issued Notice 2026-49 (the “Notice”), as mandated by section 324 of the SECURE 2.0 Act, providing sample forms and a process designed to simplify and streamline direct rollovers between retirement plans and individual retirement accounts (IRAs). Currently, plan administrators and service providers have their own forms and procedures that can vary widely from plan to plan, and rely heavily on paper documents/checks. While plans are free to continue using their own forms and procedures, the Notice’s new sample forms and procedural steps provide plan administrators and service providers an alternative common framework to rely on when handling direct rollovers.

Background

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Treasury Issues Temporary Regulations On Trump Accounts And Contributions

The U.S. Department of the Treasury and IRS recently issued temporary regulations that provide an immediately effective framework for establishing and administering “Trump Accounts,” including broad automatic enrollment and large-scale contributions funded by governmental and charitable donors. The regulations became effective September 30, 2026, apply to taxable years beginning on or after January 1, 2026, and expire September 30, 2029.
United StatesEmployment and HR
Fennemore Craig, P.C.
Fennemore Craig, P.C.
Article

IRS Issues New Revenue Procedure

The IRS has released Revenue Procedure 2026-24, establishing new inflation-adjusted limits for Health Savings Accounts and high-deductible health plans effective in 2027. These updates include increased contribution limits, higher minimum deductibles, and expanded out-of-pocket maximums, along with new provisions for direct primary care service arrangements under the One, Big, Beautiful Bill Act. How will these changes impact employee benefit planning and healthcare coverage strategies?
United StatesEmployment and HR
Winston Taylor
Winston Taylor
Article

Allegheny County Council Passes Paid Parental Leave Policy

On Tuesday, October 20, 2026, the Allegheny County Council passed legislation requiring employers with at least 15 workers to provide 12 weeks of paid parental leave, ending months-long debate on the proposal. We previously reported on the initial 18-week proposal in May 2026 (summarized here), the revised proposed legislation (summarized here), and the Allegheny County Board of Health passing the legislation (summarized here). The measure was passed in an 11-4 vote. It will become effective in one year, as County Executive Sara Innamorato signed the bill on, October 22, 2026.
United StatesEmployment and HR
Buchanan Ingersoll & Rooney
Buchanan Ingersoll & Rooney
Article

DOL Announces Enforcement Actions Against Employers In H-1B And PERM Fraud Probe

The Trump Administration has launched an unprecedented enforcement action suspending permanent labor certification processing for eight major employers, linking immigration sponsorship to layoff histories and recruitment practices. This development signals a fundamental shift in how the government evaluates employer access to H-1B and green card programs, with investigations already underway and subpoenas served.
United StatesEmployment and HR
Mayer Brown
Mayer Brown
Article

Maryland’s Ban On Mandatory Employer Meetings: Notice Deadline Looms

Maryland employers must comply with new posting requirements under the Worker Freedom Act, which prohibits penalizing employees who decline attendance at employer-sponsored meetings on religious or political matters. The Maryland Department of Labor has released official notices in English and Spanish that must be displayed prominently in workplaces and provided to new hires starting November 1, 2026.
United StatesEmployment and HR
Jackson Lewis P.C.
Jackson Lewis P.C.
Article

DOL Takes Another Step Towards Eliminating The 80/20 Rule For Tipped Employees

On October 19, 2026, the U.S. Department of Labor (DOL) issued Field Assistance Bulletin No. 2026-1, formally withdrawing three opinion letters that served as the foundation for the so-called “80/20 Rule” governing tipped employees under the Fair Labor Standards Act (FLSA). The DOL also confirmed that its current enforcement guidance does not impose a percentage-based limit on the time a tipped employee may spend performing related, non-tip-producing duties. Instead, the inquiry focuses on whether the employee’s duties are related to the employee’s tipped occupation.
United StatesEmployment and HR
Ford Harrison LLP
Ford Harrison LLP
Article

DOL Scraps Plan To Eliminate 450+ FLSA Interpretive Regulations

The Department of Labor has reversed course on its controversial proposal to remove over 450 long-standing Fair Labor Standards Act interpretations from federal regulations. What does this mean for employers who have relied on these familiar guidelines for decades to ensure wage and hour compliance? The withdrawal brings stability to industries like retail, construction, and motor carriers...
United StatesEmployment and HR
Jackson Lewis P.C.
Jackson Lewis P.C.
Article

The First Round Of Saver’s Match Guidance Is Here

The Treasury Department and IRS have released Notice 2026-48, providing the first comprehensive guidance on SECURE 2.0's new Saver's Match program. This federal matching contribution for low- and moderate-income retirement savers introduces complex implementation challenges, including how to route taxpayer matches directly to retirement plans and IRAs. The Notice addresses eligibility requirements, income limits, contribution types, and delivery mechanisms while requesting public comments on operational app
United StatesTax
Groom Law Group, Chartered
Groom Law Group, Chartered
Article

No Surprises Here: Second Circuit Holds IDR Awards Should Be Enforced Administratively, And Not Through Private Plaintiff Lawsuits

The Second Circuit's recent ruling in East Coast Advanced Plastic Surgery v. Cigna addresses a critical question facing healthcare providers: can they sue to enforce unpaid Independent Dispute Resolution awards under the No Surprises Act? With over $3 million in unpaid awards at stake and providers winning the vast majority of arbitrations, this decision reshapes how reimbursement disputes between out-of-network providers and insurers must be resolved.
United StatesFood, Drugs, Healthcare, Life Sciences
Groom Law Group, Chartered
Groom Law Group, Chartered
Article

Supreme Court Hears Investment Underperformance Argument In Anderson V. Intel: Justices Appear Receptive To A Benchmark Requirement

The Supreme Court heard oral argument in Anderson v. Intel Corporation Investment Policy Committee, examining whether ERISA plaintiffs must allege underperformance against a meaningful benchmark when challenging investment fund performance in defined contribution plans. The Justices appeared inclined to affirm this requirement, though questions remain about what constitutes a meaningful benchmark and how precisely the Court will define the standard for lower courts.
United StatesEmployment and HR
Groom Law Group, Chartered
Groom Law Group, Chartered