The One Big Beautiful Bill Act, signed by President Donald Trump into law on July 4, 2025, contains several provisions that may impact an employer’s benefit plans. While the Act did not include any changes that directly affect retirement plans, other benefit plans may be affected. Many of these provisions take effect in 2026, and plan sponsors and executives should be aware of them. The following chart provides a brief summary of some of the changes made by the Act.

The above changes may have a significant impact on tax and employee benefit planning. As many of the provisions in the Act become effective within the next few months, it will be important to plan accordingly. Please contact us if you have any questions, or if you would like to discuss any potential plan design changes for you

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