Compensation Limits Archives

Cost of Living Adjustments for 2024

The IRS announced Cost of Living Adjustments affecting certain dollar limitations for pension plans and other retirement-related limitations for 2024 in Notice 2023-75.Contribution and benefit increases are intended to allow participant contributions and benefits to keep up with the “cost of living” [...]

Eena Talens2023-11-02T14:10:12-05:00November 2nd, 2023|Categories: Newsletters/Bulletins|Tags: 401k Limits, Contribution Limits, Annual Contribution Limits, Compensation Limits, IRA Limits, Catch-Up Contributions, Cost of Living Adjustments|Comments Off

Cost of Living Adjustments for 2021

On October 26, 2020, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for retirement plans. Contribution and benefit increases are intended to allow participant contributions and benefits to keep up with the “cost of living” from year to year.

Marketing2020-11-13T11:23:04-05:00November 13th, 2020|Categories: Newsletters/Bulletins|Tags: Cost of Living Adjustments, 401k Limits, Contribution Limits, Annual Contribution Limits, Compensation Limits, IRA Limits, Catch-Up Contributions|Comments Off