Plan administrators should review the following actions to be taken before the end of 2024 and focus on what to expect for 2025. The following checklist addresses plan amendments, notices, and other considerations for qualified retirement plans (pages 1 through 4), welfare plans (pages 4 through 7), and stock-based and nonqualified plans (pages 7 through 9). A chart showing benefit and contribution limits for 2025 is on page 10.
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