Tag Archives: limits
2020 Plan Limitations!
401(k)/403(b)/457 Salary Deferrals: For participants under age 50 by 12/31/2020 – $19,500 For participants over age 50 by 12/31/2020 – $26,000 Maximum Annual Defined Contribution Plan Limit: For participants under age 50 by 12/31/2020 – $57,000 For participants over age … Continue reading
IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits
On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains … Continue reading
Client Alert!
Departments Adopt Non-Enforcement Policy on Drug Manufacturer Coupons On August 26, 2019, the Departments of Labor (DOL), Health and Human Services (HHS), and Treasury released an FAQ that provides guidance to employers, plan sponsors and health insurance issuers regarding a … Continue reading
