Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
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IRS Issues Guidance on Safe Harbor Explanations for Rollover Distributions
The Internal Revenue Service (IRS) issued Notice 2026-13 updating guidance on two safe harbor explanations that plan administrators can use when providing written explanations to retirement plan participants about eligible rollover distributions. The first explanation applies to non-Roth accounts and the explanation applies to Roth accounts. They reflect changes due to the SECURE Act 2.0.
The notice also addresses, among other things:
- changes to the 10% additional tax on early withdrawals from retirement plans
- the required minimum distribution rules for surviving spouses, and
- the increased age for determining required beginning dates for required minimum distributions.
Notice 2026-13 modifies the safe harbor explanations previously provided in Notice 2020-62.