IRS Updates to Retirement Plan Limits
November 6, 2018
One of the most common compliance issues for employers and plan sponsors is failure to adhere to annual retirement plan limits. To avoid costly penalties and administratively burdensome correction procedures, plan sponsors must remain up-to-date with respect to applicable retirement plan limits. Today, November 1, 2018, the IRS announced cost-of-living adjustments affecting the 2019 dollar limitations for retirement plans and other retirement-related items. Please note that the chart below does not include all applicable retirement plan limits, just some of the common ones.
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The information above originally appeared in Hall Benefits Law, LLC’s November 2018 Blog post.
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