Oct 3, 2015
As part of our continuous monitoring of legislative developments, we have prepared the following bulletin and summary for clients and strategic alliance partners.
Each year, the Internal Revenue Service publishes updated dollar limitations for tax-qualified defined benefit and defined contribution plans. The limits are important for tax-qualified plans, as well as many non-qualified plans.
The IRS announced yesterday that there will be no cost of living adjustments to the qualified plan limitations described below for 2016.
You may view the complete list of updated limits here. Should you have any questions, please contact your Newport representative.