2019 DOLLAR LIMITATIONS The IRS has announced the retirement plan limitations for 2019. Limitations which apply to Pension Plans (including Profit Sharing and 401(k) Plans) for the Year 2019 are: Annual Compensation Limit for Plan purposes $280,000 (increased from $275,000) Highly
Changes to 401k Plan Hardship Distributions
On 11/9/2018 the IRS released proposed amendments to the 401(K) Plan Hardship Distributions regulations. These amendments result from the Tax Cuts & Jobs Act of 2017 (Tax Act) and the Bipartisan Budget Act of 2018 (Budget Act). The proposed regulations include revisions to the rules for