IRS Announces Increases on Benefits and Contributions Dollar Limitations

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.

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Maria T. Hurd, CPA
Director/Shareholder – Retirement Plan Audit Services
Chris J. Ciminera, CPA, QKA
Manager – Accounting & Auditing


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