Enforcing Plan Limits for 403(b)s Not So Simple

The Internal Revenue Service (IRS) recently announced cost of living adjustments affecting dollar limitations for retirement plans, which included an increase in the elective deferral limit to $18,000 for 2015 and an increase in the age-50 catch up deferral participants are allowed to make to $6,000 for 2015.

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Source: Plansponsor.com