Annual Plan Limits

IRS Annual Cost of Living

Government regulations dictate how much employers and employees can contribute annually to qualified plans and IRAs. These are called Annual Plan Limits or Contribution Limits. Each year the IRS announces cost-of-living adjustments which govern whether these limits remain the same or are increased due to the relative change in the Consumer Price Index.

Each year the IRS announces cost-of-living adjustments that govern whether these limits remain the same or are increased due to the relative change in the Consumer Price Index. Executive Retirement Plans is pleased to provide the following chart for your reference and planning.

Let’s discuss how this applies to you.