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.
Maria T. Hurd, CPADirector/Shareholder – Retirement Plan Audit Servicesmhurd@belfint.com302.573.3918Chris J. Ciminera, CPA, QKAManager – Accounting & Auditingcciminera@belfint.com302.573.3953