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 2022. Most of the dollar limits currently in effect for 2021 will increase.
IRS Announces 2022 Employee Benefit Plan Limits
By Jacob Mattinson and Brian Tiemann on November 10, 2021
Tags: 401(k), 403(b), 457(b), Annual compensation limit, benefit plans, Catch-up contributions, COLA, cost-of-living adjustments, defined benefit plan, employee stock ownership plan, ESOP, FSA, HDHP, health flexible spending accounts, health savings accounts, high deductible health plans, Highly compensated employee threshold, HSA, Internal Revenue Service, IRS, Key employee officer, Retirement Plans, Social Security Administration
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.
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