The Internal Revenue Service (IRS) recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2021. Nearly all of the dollar limits currently in effect for 2020 will remain the same, with only a few amounts experiencing minor increases for 2021.
IRS Announces 2021 Employee Benefit Plan Limits
Tags: 401(k), 403(b), 457(b), COLA, cost-of-living adjustment, cost-of-living adjustments, employer-sponsored retirement and welfare plans, ESOP, HDHP, Health Flexible Spending Account, health FSA, health savings account, high deductible health plans, HSA, IRS, plan sponsors, Social Security wage base
Jeffrey HoldvogtJeffrey (Jeff) M. Holdvogt advises clients regarding a wide range of employee benefits matters. He focuses primarily on the design and administration of complex pension, defined contribution and executive deferred compensation arrangements. Jeff counsels privately and publicly held corporations on ongoing day-to-day retirement and executive compensation issues, as well as employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. Read Jeff Holdvogt's full bio.
Jacob MattinsonJacob M. Mattinson focuses his practice on employee benefits and matters related to 401(k), 403(b), pension, executive compensation, health care reform, and cafeteria and welfare plans. Jacob assists clients in drafting employee benefit plan documents and amendments. He represents clients in matters before the Internal Revenue Service (IRS), US Department of Labor (DOL) and Pension Benefit Guaranty Corporation with respect to plain qualification issues. Read Jacob Mattinson's full bio.
Brian TiemannBrian J. Tiemann counsels public and private companies on a broad range of employee benefit matters, including matters related to pension plans, 401(k) plans and executive and incentive compensation. He advises plan fiduciaries with respect to their fiduciary duties, investment policies and alternative investments. He also advises multinational clients on global employee benefits matters, particularly with respect to global incentive compensation plans. Brian has extensive experience negotiating investment management agreements and service provider agreements. Read Brian Tiemann's full bio.
Judith WethallJudith Wethall focuses her practice on employee benefits, specifically health and welfare programs. She counsels employers, plan administrators, insurers and consultants on a wide range of ERISA compliance issues. Judith's clients include sole proprietors to Fortune 100 companies and cover a variety of industries including health care, technology, manufacturing, insurance and financial. Read Judith Wethall's full bio.
Related Posts
- IRS Announces 2020 Employee Benefit Plan Limits
- IRS Announces 2019 Employee Benefit Plan Limits
- Securing Retirement: Additional SECURE Act and Miners Act Guidance for Retirement Plans
- CARES Act Impacts All Benefit Plans
- IRS Announces 2020 Limits for Health Savings Accounts and High-Deductible Health Plans
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- COVID-19 Stimulus Package Significantly Expands CARES Act Employee Retention Tax Credits
- Consolidated Appropriations Act: Health and Welfare Benefits Provisions
- Virus Stokes Telemedicine, Mental Health Benefits’ Popularity
- New Criminal Obligations on UK Employers and Employees
- Healthcare and Childcare FSA Fix for 2021, Finally: Special Carryover Rules and More
