by admin | Nov 28, 2011 | Everything Else, Limits, Plan Sponsors
Effective for plan year beginning on or after January 1, 2013, an employee must limit salary reduction to no more than $2,500 in contributions to medical care flexible spending arrangements1. Background A cafeteria plan (“Cafeteria Plan”) is an employment...
by admin | Oct 21, 2011 | Everything Else, Limits, Plan Sponsors
On October 20, 2011, the Internal Revenue Service published (IR-2011-1031) cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2012. Generally speaking, many of the pension plan limitations...
by admin | Oct 21, 2011 | Everything Else, Limits, Plan Sponsors
On October 20, 2011, the Internal Revenue Service issued Revenue Procedure 2011-321 announced the 2012 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code § 223. The following is a comparison of the 2011 and 2012...