Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 27th, 2016
IRS Announces Benefits Limitations
Retirement Plan Deferral Limit Unchanged for 2017
The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017 in Notice 2016-62. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $18,000. In addition, the catch-up contribution limit for employees age 50 and older who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $6,000. Other limits also remained unchanged according to an IRS Notice, but the annual 415 limit increased.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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