On August 12, 2026, the Treasury Department and the Internal Revenue Service (IRS) released Notice 2026-49, providing the first formal guidance under the SECURE 2.0 Act on simplifying and standardizing the rollover process for qualified retirement plans. Below are key takeaways for retirement plan sponsors.
Background
Section 324 of the SECURE 2.0 Act directed the Treasury Department to develop sample forms and procedures designed to simplify and standardize rollovers to eligible retirement plans and trustee-to-trustee transfers from individual retirement plans. The guidance responds to longstanding concerns that the rollover process has been inefficient, inconsistent, and overly burdensome for participants. Please note that the sample forms are not intended to be used for IRA-to-IRA rollovers or transfers but may be used for rollovers to or from an IRA.
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