More younger savers have increased their retirement contribution in the past year.
Tag: Contribution/Benefit Limits
Launches new publication for sponsors and advisers.
A new revenue procedure provides the 2016 inflation adjusted amounts for health savings accounts.
A recent survey from Fifth Third Bank finds a vast majority of Americans cannot identify the Internal Revenue Service’s limits placed on annual tax-advantaged retirement plan deferrals.
President Obama’s proposed budget once again looks to cap retirement plan savings to about $3 million per investor.
There are unique rules for 403(b) plans that make enforcing contribution and benefit limits not so straightforward.
October 28, 2014 (PLANSPONSOR.com) – A $500 increase in the annual elective deferral maximum for defined contribution retirement plans may seem small, but one expert sees important implications in the increase.
October 23, 2014 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for retirement plans, as well as other retirement-related items for tax year 2015.
September 16, 2014 (PLANSPONSOR (b)lines) – “Already attempting to plan for 2015. Do we know when the new retirement plan contribution limits will be announced?”
September 9, 2014 (PLANSPONSOR (b)lines) – “I have a new employee who contributed to the retirement plans of his prior employer, which maintained plans similar to ours.
July 22, 2014 (PLANSPONSOR (b)lines) – “I realize that there are separate 402(g) elective deferral limits for 457(b) and 403(b) plans, but what about for employer contributions?
July 15, 2014 (PLANSPONSOR.com) – Several proposed tax reforms would restructure how retirement vehicles are taxed and could negatively impact retirement plans in a number of ways.
April 21, 2014 (PLANSPONSOR.com) – Data does not suggest a strong connection between increases in contribution limits and the creation of new retirement plans, according to a U.S. Government Accountability Office (GAO) study.
April 14, 2014 (PLANSPONSOR.com) – The Coalition to Preserve Retirement sent an open letter to Representative David Camp, R-Michigan, chairman of the House Ways and Means Committee, pushing back on certain tax reforms floated by the lawmaker.
January 21, 2014 (PLANSPONSOR (b)lines) – “We have automated caps in our payroll system that prevent deferrals in excess of the permissible 402(g) limit.
December 10, 2013 (PLANSPONSOR.com) – Alliance Benefit Group-Illinois (ABG-IL) has released an application to keep interested parties updated on plan contribution limits.
November 6, 2013 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) announced the yearly maximum guaranteed benefit for a 65-year-old retiree will increase next year to nearly $59,320 from about $57,500.
October 31, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) released the cost-of-living adjustments for 2014, which affect dollar limitations for pension plans and other retirement-related items.
October 31, 2013 (PLANSPONSOR.com) – Retirement plan participants need more education about contribution deferral limits, according to a recent survey.
January 22, 2013 (PLANSPONSOR (b)lines) – “In 2013, I am aware that the elective deferral limits to a 403(b) plan under IRC Section 402(g) are $17,500 for pre-tax regular contributions and $5,500 for pre-tax catch-up contributions if age 50 or older in 2013.