IRS Announces Increases in Benefit and Contribution Dollar Limits

Posted by Saaib Uppal, CPA

As required by IRC Section 415, the IRS has announced cost-of-living adjustments that should be noted for retirement planning purposes.

Below is a chart that outlines employee benefit plan limits for 2018:


Plan administrators should ensure they pass along this new information to their participants so they have all the required information when planning out 2018.

Contact Us

Maria T. Hurd, CPA
Director/Shareholder – Retirement Plan Audit Services
mhurd@belfint.com
302.573.3918
Chris J. Ciminera, CPA, QKA
Manager – Accounting & Auditing
cciminera@belfint.com
302.573.3953

 

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