Data / Federal rules / 2024-01077

Request for Information-SECURE 2.0 Section 319-Effectiveness of Reporting and Disclosure Requirements

The Pension Benefit Guaranty Corporation published this proposed rule in the Federal Register on January 23, 2024. Comments closed on April 22, 2024.

SpecStream is the live web data engine for teams and agents. It reads every rule and proposed rule in the Federal Register each morning, and this page is that reading. Name your industry once and new rules, comment deadlines and effective dates arrive in your sheet, CRM, Slack or agent as they are published.

What the agency says

The Department of the Treasury (Treasury Department), the Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (Labor Department), and the Pension Benefit Guaranty Corporation (PBGC) are publishing this Request for Information to develop a public record for purposes of the directive in the SECURE 2.0 Act of 2022 (SECURE 2.0). Specifically, this Request for Information addresses section 319 of SECURE 2.0, requiring that these agencies review the existing reporting and disclosure requirements for certain retirement plans under the Employee Retirement Income Security Act of 1974, as amended (ERISA) and the Internal Revenue Code (Code) that are applicable to each agency. Following this review, the agencies are to report to Congress, no later than December 29, 2025, concerning the effectiveness of the reporting and disclosure requirements. The report will include recommendations on consolidating, simplifying, standardizing, and improving such requirements with the dual goals of reducing compliance burdens and ensuring plan participants' and beneficiaries' timely receipt and better understanding of the information they need to monitor their plans, prepare for retirement, and get the benefits they have earned. The report will also consider how participants and beneficiaries are providing preferred contact information, the methods by which plan sponsors and plans are furnishing disclosures, and the rate at which participants and beneficiaries are receiving, accessing, understanding, and retaining disclosures. Consistent with the directive in section 319 of SECURE 2.0, this Request for Information focuses generally on the overall effectiveness of the reporting and disclosure frameworks in ERISA and the Code. Responses to this Request for Information will inform the agencies in preparation of the required report to Congress and in any future action taken by the agencies to enhance the effectiveness of existing requirements.

Key facts

Document number

2024-01077

Type

Proposed rule

Action

Request for information

Agency

Treasury Department; Internal Revenue Service; Labor Department; Employee Benefits Security Administration; Pension Benefit Guaranty Corporation

Published

January 23, 2024

Comments due

April 22, 2024

Dates

To be assured consideration, comments must be received at one of the following addresses no later than April 22, 2024.

Regulation ID (RIN)

1210-AC09; 1212-AB58; 1545-BQ98

Code of Federal Regulations

26 CFR 1; 26 CFR 54; 26 CFR 301; 29 CFR 2510; 29 CFR 2520; 29 CFR 2550; 29 CFR 4000; 29 CFR 4007; 29 CFR 4010; 29 CFR 4041

Significant

Yes, under Executive Order 12866

Pages

7

The document on federalregister.gov PDF

Other documents from the Pension Benefit Guaranty Corporation

Everything from the Pension Benefit Guaranty Corporation · Published in January 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.