ERISA Industry Committee asks Treasury and IRS for benefits guidance

Washington, D.C., May 30, 2024 – The ERISA Industry Committee today asked the U.S. Department of the Treasury and the Internal Revenue Service for additional clarity regarding the regulations governing health care and retirement benefits. The submission responds to the agencies’ call for stakeholders to recommend topics for their 2024-2025 Priority Guidance Plan.

“ERIC member companies sponsor health care and retirement plans for millions of workers, their families, and retirees. In our recommendations to the Treasury and the IRS, we have focused on securing clarity and guidance on many high-profile issues, from implementing the SECURE 2.0 Act to efficiently using high-deductible health plans,” said ERIC President and CEO James Gelfand. “ERIC encourages the agencies to address unanswered questions, provide certainty for plans, and make accessing benefits easier for participants.”

ERIC represents the largest employers in the United States in their capacity as sponsors of employee benefit plans for their nationwide workforces. ERIC member companies sponsor and maintain health care and retirement plans, including defined benefit and contribution plans, under the Employee Retirement Income Security Act of 1974.

Click here to read ERIC’s letter to the IRS and Treasury Department.