On January 16, 2025, the IRS issued proposed regulations under Section 162(m) of the Internal Revenue Code of 1986 (the “Code”), which limit the amount of compensation a publicly held corporation may deduct for wages paid to...more
1/21/2025
/ Compensation & Benefits ,
Corporate Counsel ,
Corporate Governance ,
Employee Benefits ,
Highly Compensated Employees ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Rules ,
Publicly-Traded Companies ,
Section 162(m) ,
Tax Deductions ,
Tax Planning ,
Tax Reform
Seyfarth Synopsis: The IRS just announced the 2024 annual limits that will apply to tax-qualified retirement plans. For a third year in a row, the IRS increased the annual limits, allowing participants to save even more in...more
11/3/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Contribution Limits ,
Defined Benefit Plans ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Income Taxes ,
IRS ,
Pensions ,
Plan Administrators ,
Policies and Procedures ,
Retirement Plan ,
Tax Planning ,
Wage and Hour