The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2022 (see IRS Notice...more
We previously addressed the Tax Cuts and Jobs Act (“TCJA”) impact on Health Savings Account contribution limits for 2018. The TCJA changes to inflation adjustments also reduced the amount an employer can provide as adoption...more
Plan sponsors of defined contribution qualified plans may need to issue one or more annual notices to participants before the end of each plan year. Failure to issue a required annual notice can have significant consequences....more