Employee Benefits - IRS Announces New Employee Benefits Limits for 2014

Friday, November 1, 2013

November 1, 2013

In this issue:

IRS Announces New Employee Benefits Limits for 2014

The Internal Revenue Service has recently announced cost-of-living adjustments applicable to dollar limitations for retirement plans (and other items) for 2014. Many of the retirement plan limitations will change for 2014 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the increase in the index did not meet the statutory thresholds that trigger their adjustment.

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