The IRS has announced the 2021 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items. Most dollar limits remain unchanged for 2021.
The IRS has announced the 2021 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items. Most dollar limits remain unchanged for 2021.
Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2021 retirement plan limitations
The IRS has announced the 2020 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.
Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2020 Benefit Plan Limitations
The IRS has announced the 2019 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.
Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2019 Benefit Plan Limitations
The IRS has announced the 2018 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.
Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), 2018 Benefit Plan Limitations, cost-of-living, 457 plan
For several years, 501(c)(3) organizations and public schools have been required to have written plan documents for their 403(b) retirement plans, including vital information such as distributions, contribution procedures and limits, and eligibility. However, until recently the IRS hadn’t provided any suggested language or set approval procedure for these documents. Now that the IRS has released sample 403(b) plan language and approval procedures, all 403(b) plan documents will need to be adjusted to contain the suggested language, or variations thereof. The new language and procedures will ensure that all 403(b) plans are in compliance with the law.
Topics: IRS, Bernard Kaplan, 403(b)