2025 Year-End Compliance Checklist for Benefits Plans

This document is a compliance checklist designed for benefits and compensation plans as the year 2025 concludes. It outlines key action items that employers should undertake to ensure operational compliance and mitigate risks as they move into 2026. The checklist includes general year-end action items such as ensuring plan amendments are properly executed, updating summary plan descriptions, and gathering fiduciary committee minutes. It also details specific compliance requirements related to retirement plans, including the implementation of mandatory Roth catch-up contributions and the review of plan forfeiture balances. Additionally, the document addresses health and welfare plan action items, emphasizing the importance of evaluating new legislative options and strengthening fiduciary practices. Employers are advised to review HIPAA policies and comply with ongoing disclosure requirements under the Consolidated Appropriations Act. The checklist serves as a guide to help organizations avoid potential penalties and litigation risks associated with non-compliance.