Technology Law Blog, IT Law & Articles | Foster Swift https://www.michiganitlaw.com/category/Retirement Wed, 12 Aug 2026 10:44:40 -0400 IRS Announces 2026 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans https://www.michiganitlaw.com/irs-2026-cost-of-living-adjustments-retirement-wealth-plans Amanda J. Dernovshek, Julie LaVille Hamlet, Mindi M. Johnson, Olivia K. Reid irs-2026-cost-of-living-adjustments-retirement-wealth-plans Fri, 05 Dec 2025 09:00:01 -0500 This blog has been updated since November 7, 2024. The data below is current.

The IRS has announced the 2026 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations for 2026 relative to the 2025 limitations.

Retirement Plans

The chart below represents some of the important changes the IRS has made to limitation requirements for retirement plans. The changed limitations are between the 2025 limits and the 2026 limits. If you would like to review a complete explanation of all limitation ...

]]> Navigating Long-Term Part-Time Employee Eligibility Rules for 401(k) Plans https://www.michiganitlaw.com/navigating-long-term-part-time-employee-eligibility-rules-for-401-k-plans Amanda J. Dernovshek, Julie LaVille Hamlet, Mindi M. Johnson navigating-long-term-part-time-employee-eligibility-rules-for-401-k-plans Fri, 11 Apr 2025 09:00:02 -0400 Wood blocks reading part/full time. The landscape of retirement plan eligibility is shifting, and plan sponsors need to prepare for key compliance changes affecting long-term part-time (“LTPT”) employees.

]]> IRS Announces 2025 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans https://www.michiganitlaw.com/IRS-2025-Adjustments-Retirement-Health-Benefit-Plans Amanda J. Dernovshek, Julie LaVille Hamlet, Mindi M. Johnson IRS-2025-Adjustments-Retirement-Health-Benefit-Plans Thu, 07 Nov 2024 09:00:03 -0500 Saving for RetirementThis blog has been updated since December 4, 2023. The data below is current.

The IRS has announced the 2025 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations.

]]> IRS Makes it Easier to Correct Certain Retirement Plan Compliance Issues https://www.michiganitlaw.com/irs-correct-retirement-plan-isses Amanda J. Dernovshek, Julie LaVille Hamlet, Mindi M. Johnson irs-correct-retirement-plan-isses Mon, 26 Jul 2021 09:00:04 -0400 Older Couple Looking at Retirement PlanOn July 16, 2021, the IRS issued Revenue Procedure 2021-30, an updated version of the Employee Plans Compliance Resolution System (“EPCRS”). Retirement plan sponsors may use EPCRS to correct certain compliance mistakes, and avoid the adverse tax consequences associated with plan disqualification.

We have provided a summary of the changes below.

]]>