Washington, D.C., May 29, 2025 – The ERISA Industry Committee (ERIC) today submitted several recommendations regarding health care and retirement benefits to the U.S. Department of the Treasury and the Internal Revenue Service (IRS). The letter follows an agency request for stakeholders to recommend items to be considered for the Department’s 2025-2026 Priority Guidance Plan. A statement on the submission can be found below and is attributable to ERIC President and CEO James Gelfand.
“ERIC member companies provide health and retirement benefits to tens of millions of Americans and are continually seeking guidance that makes plan administration less burdensome and more efficient so they can better serve plan participants. The Department of the Treasury and IRS play a key role in developing guidance, and ERIC appreciates the opportunity to share the employer perspective on topics where greater clarity would benefit workers, families, and retirees. Our recommendations include simplifying the implementation of SECURE 2.0, modernizing high-deductible health plans and health savings accounts, and increasing access to telehealth services. Integrating these and other recommendations would address unanswered questions, streamline requirements, and improve plan sponsors’ ability to offer and maintain benefits critical to attracting and retaining a healthy workforce.”
Click here to read ERIC’s letter to the IRS.
