
Tax Alert
IRS releases 2021 retirement plan limitations
Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
Due to the COVID-19 pandemic and economic crisis, the IRS will permit employers to adopt midyear amendments to plan contribution formulas.
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