IRS Announces 2021 Retirement Plan Limits – Most Limits Remain Unchanged
By EsqSocial Corporation 29/10/20
The Internal Revenue Service announced the 2021 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2021. Most of the dollar limits, including the elective deferral contribution limit for 401(k), 403(b) and 457(b) plans and the dollar limit for catch-up contributions (if age 50 or older), will remain unchanged from 2020 limits....
By: Locke Lord LLP