2021 Cost Of Living Adjustments For Retirement Plans
By EsqSocial Corporation 27/10/20
The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2021 (see IRS Notice 2020-79). Most notably, many of the retirement plan limitations, including the limitation on annual salary deferrals into a 401(k) or 403(b) plan, remain unchanged......
By: Jackson Lewis P.C.