On December 20, 2023, the IRS issued Notice 2024-2, which provides question-and-answer guidance on various aspects of the SECURE 2.0 Act. This post focuses on the ability to make employer contributions (match or nonelective)...more
The IRS recently announced the 2020 cost-of-living adjustments to various benefit and contribution limits applicable to retirement plans and welfare plans.
Retirement Plan Limits -
The following limits apply to...more
Retirement Plans -
The following limits apply to retirement plans in 2019:
- The limit on elective deferrals under 401(k) and 403(b) plans increased to $19,000 for 2019....more
The IRS recently announced the 2018 cost-of-living adjustments to various benefit and contribution limits applicable to retirement plans and welfare plans....more
The IRS recently announced the 2017 cost-of-living adjustments to various benefit and contribution limits applicable to retirement plans and welfare plans.
Retirement Plan Limits -
The following limits apply to...more
The IRS recently announced the 2016 cost-of-living adjustments to various benefit and contribution limits applicable to retirement plans and welfare plans. Most retirement plan limits have not changed because increases in the...more
Retirement Plan Limits
- The following limits apply to retirement plans in 2015:
- The limit on elective deferrals under 401(k) and 403(b) plans has increased to $18,000 in 2015.
- The annual limit on...more