Monthly Archives: December 2011
Happy Holidays!
Compass-i wishes all of our friends, families, clients and partners a very safe and happy holiday season. We wish you many blessings now and in the new year.
COLA Increases for Dollar Limitations on Benefits and Contributions
“The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code ยง415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 20, 2011 cost-of-living adjustments applicable to dollar … Continue reading
Posted in Industry News
Tagged 2012, 401k, Benefits, Code, Contributions, Cost of Living, Deduction, Internal, IRA, IRS, Limitations, Profit Sharing Plans, retirement plans, Revenue, SEP, SIMPLE Plan, tax, taxes, Wage Base
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