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IRS Announces 2019 Pension Plan Limits

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Today, the IRS released Notice 2018-83, announcing the cost of living adjustments for pension plans and other retirement related items for the tax year 2019. Some of the more notable changes include...
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Categories: Benefits in General, Compliance | Tags: IRS , Pension Plans , 2019 Limits , IRS Notice 2018-83 , Highly compensated employee , Key Employee , Nondiscrimination Testing , IRA , 401k , 457 , 403(b) , Roth IRA
The IRS requires that any organization that offers a cafeteria plan (or in other words, a pre-tax benefit plan) must perform various tests on the plan annually at the end of each plan year to determine if the plan is nondiscriminatory. In other words the plan cannot favor highly compensated employees.
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Categories: Benefits in General, Compliance | Tags: IRS , Nondiscrimination Testing , Key Employees , Highly Compensated Employees , Non-Highly Compensated Employees , FSA , Premium , Cafeteria Plan