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 plan sponsors update their systems and formulas to include the limits that have been adjusted.
For a printable version of this chart, click here.
For more information on these cost-of-living adjustments, contact your SGR Executive Compensation and Employee Benefits counsel.