News & Analysis as of

Retirement Plan Internal Revenue Service COLA

Smith Gambrell Russell

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

Smith Gambrell Russell on

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...more

Ruder Ware

2024 Qualified Plan Cost of Living Increases, 2024 Social Security Taxable Wage Base

Ruder Ware on

On November 1, 2023 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits.  Almost all of the limits shown below have increased from last year....more

Stinson - Benefits Notes Blog

Annual Limits on Qualified Plans for 2023

On October 21, 2022, the Internal Revenue Service (IRS) released Notice 2022-55, which sets forth the 2023 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans....more

Stinson - Benefits Notes Blog

Annual Limits on Qualified Plans for 2022

On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61, which sets forth the 2022 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans.  The...more

Jackson Lewis P.C.

2022 Cost of Living Adjustments for Retirement Plans

Jackson Lewis P.C. on

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

Ogletree, Deakins, Nash, Smoak & Stewart,...

2019 Cost-of-Living Adjustments on IRS Benefit and Contribution Limits

On November 1, 2018, the Internal Revenue Service (IRS) announced the cost-of-living adjustments affecting tax-qualified pension plans for 2019. Most of the general pension limitations, including the limit on annual...more

Ruder Ware

2019 Qualified Plan Cost of Living Increases, 2019 Social Security Taxable Wage Base

Ruder Ware on

On November 1, 2018 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. The vast majority of the limits shown below have increased from last year....more

Pullman & Comley, LLC

IRS Announces Cost of Living Adjustment (COLA) Limits for 2018 Applicable to Retirement Plans

Pullman & Comley, LLC on

The Internal Revenue Service and the Social Security Administration have announced the cost of living adjustments (COLA) applicable to dollar limitations for retirement plans and the Social Security wage base for 2018. Many...more

Snell & Wilmer

2017 End of Year Plan Sponsor “To Do” List (Part 2) Annual Cost of Living Adjustments

Snell & Wilmer on

As 2017 comes to an end, we are happy to present our traditional End of Year Plan Sponsor “To Do” Lists. This year, we are publishing our “To Do” Lists in four separate Employee Benefits Updates. Part 1 covered year-end...more

Snell & Wilmer

IRS Announces 2018 Cost of Living Adjustments

Snell & Wilmer on

The IRS recently announced cost-of-living adjustments for 2018 in Notice 2017-64 and related guidance. The key dollar limits for qualified retirement plans and health and welfare plans are noted below....more

Miller Canfield

IRS Retirement Plan Limitations for 2017

Miller Canfield on

Recently, the Internal Revenue Service (IRS) issued the updated retirement plan limitations for 2017. IRS Notice 2016-62 sets forth the 2017 limits to amounts that can be deferred under 401(k) plans, 403(b) and 457(b) plans...more

Jackson Lewis P.C.

2017 Cost of Living Adjustments for Retirement Plans

Jackson Lewis P.C. on

The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations for retirement plans and Social Security generally effective for Tax Year 2017 (see IR-2016-141). Most notably,...more

Miles & Stockbridge P.C.

2016 Plan Contribution and Compensation Limits; Medicare COLA to Remain the Same

In October, two newly released guidances from the Internal Revenue Service (IRS) and Social Security Administration confirm that the United States cost of living did not increase enough to warrant a cost-of-living adjustment...more

Snell & Wilmer

IRS Announces 2016 Retirement Plan Dollar Limits

Snell & Wilmer on

The IRS recently announced cost of living adjustments for 2016. In general, the dollar limitations for retirement plans remained the same. The key dollar amounts are noted below, all of which remain unchanged from 2015....more

Miller Canfield

IRS Retirement Plan Limitations for 2016

Miller Canfield on

The Internal Revenue Service (IRS) has issued the new 2016 retirement plan limitations. In this announcement, the IRS sets forth the limits of the amounts that can be deferred under 401 (k) plans, 457 (b) plans and the...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Key IRS Benefit and Contribution Limits to Remain Unchanged in 2016

On October 21, 2015, the Internal Revenue Service (IRS) announced the cost-of-living adjustments impacting tax-qualified pension plans for 2016. The increase in the cost-of-living index did not meet the statutory thresholds...more

Locke Lord LLP

IRS Announces 2016 Retirement Plan Limitations – Most Limits Remain Unchanged

Locke Lord LLP on

The Internal Revenue Service announced the 2016 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits, and the Social Security Administration announced its own cost-of-living...more

Faegre Drinker Biddle & Reath LLP

2016 Cost-of-Living Adjustments for Retirement and Other Benefit Plans

The IRS recently announced the 2016 cost-of-living adjustments to various benefit and contribution limits applicable to retirement plans and welfare plans. Most retirement plan limits have not changed because increases in the...more

Tucker Arensberg, P.C.

2016 Employee Benefits Plan Limits

Tucker Arensberg, P.C. on

The IRS has announced the retirement plan limits for 2016. As you can see from the chart below, there are no changes from the limits set in 2015. ...more

Cooley LLP

Alert: IRS Announces Adjusted Plan Limits for 2016

Cooley LLP on

The Internal Revenue Service has announced the 2016 limits that affect the operation of tax-qualified retirement plans, including 401(k) plans, and certain other types of employee benefit plans, including deferred...more

Parker Poe Adams & Bernstein LLP

IRS Announces 2016 Dollar Limitations for Retirement Plans

On October 21, 2015, the IRS announced the 2016 dollar limitations for retirement plans based on the applicable cost-of-living adjustment guidelines. The retirement plan limitations generally will not change for 2016 because...more

McDermott Will & Emery

IRS Announces Employee Benefit Plan Limits for 2016

McDermott Will & Emery on

Recently the Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the...more

Franczek P.C.

Monthly Benefits Update - October 2014

Franczek P.C. on

IRS Announces 2015 Dollar Limits for Health FSAs and Transportation Benefits - The Internal Revenue Service (IRS) announced the 2015 dollar limits applicable to contributions to health flexible spending accounts...more

Fisher Phillips

Retirement Plan Limitations for 2015

Fisher Phillips on

Date: November 3, 2014 The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for retirement plan contributions and benefits for 2015. Highlights include the following...more

McDermott Will & Emery

IRS Announces Employee Benefit Plan Limits for 2015

McDermott Will & Emery on

Recently the Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the...more

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