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Showing 2 posts in Retirement.

IRS Announces 2022 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans

Saving for RetirementThe IRS has announced the 2022 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Read More ›

Categories: Employee Benefits, Retirement

IRS Makes it Easier to Correct Certain Retirement Plan Compliance Issues

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. Read More ›

Categories: Employee Benefits, Retirement