Oct 21, 2008

Cost-of-Living Increases to Plan Limits and Thresholds

The IRS just released the pension plan limits and thresholds applicable for the 2009 tax year. Most of the limits determine how much money participants may defer into various types of retirement plans, but they also include limits on employer contributions, thresholds for determining who is a highly compensated employee and a key employee and other key dollar amounts. Plan sponsors should update their systems and formulas to include the adjusted limits.


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