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New Retirement Plan Limitations for 2014

EmployeeBenefitPlans_iStock_000015111462_IndustriesFrom the IRS:

“The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as those governing 401(k) plans and IRAs will remain unchanged because the increase in the Consumer Price Index did not meet the statutory thresholds for their adjustment. However, other pension plan limitations will increase for 2014. To view the adjustments, please click here.”

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