ACCESS Benefit Services, Inc.

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Do You Know Your Limitations?


Retirement Plan Dollar Limits

Limitations are based on IRS Cost of Living Adjustments for Qualified Retirement Plans

 

2019

2018

2017

Defined Contribution

$56,000

$55,000

$54,000

Defined Benefit

225,000

 220,000

 215,000

Compensation

280,000

 275,000

270,000

Social Security Wages

132,900

 128,700

127,200

401(k)

19,000

   18,500

  18,000

Catch-Up

6,000

    6,000

    6,000

HCE

125,000

120,000

120,000

 Reminders

  • 401(k) Safe Harbor Notices - A reminder that safe harbor notices are due to eligible employees at least 30 days and not more than 90 days before the beginning of each Plan year.

  • Annual and Quarterly Participant Expense and Investment Disclosure - Department of Labor regulations require expense and investment disclosure on participant directed accounts.

  • IRS Form 8955-SSA for missing participants for filers who have to file at least 250 returns with the IRS during the calendar year  must be filed electronically.


This list is far from exhaustive. Call us today to set up a time to discuss your specific situation and needs.

 
 
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