IRS Cost-of-Living Adjustments-Employee Benefit Plan Limitations for 2024

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Effective: January 1, 2024 The IRS has released the 2024 cost-of-living adjustments applicable to the dollar limitations on benefits and contributions of retirement plans and health and welfare benefit plans.  We recommend plan sponsors update their systems and formulas to include the limits that have been adjusted.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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