Remove 2023 Remove 401(k) Remove Employee Compensation Remove Pension
article thumbnail

IRS Announces 2023 Increases to Qualified Retirement Plan Limits

Proskauer's Employee Benefits & Executive Compensa

On October 21 st , the IRS released a number of additional inflation adjustments for 2023, including to certain limits for qualified retirement plans. Earlier last week, the IRS announced the 2023 inflation adjustments for Flexible Spending Accounts and transportation fringe benefits, as discussed here. Increase from 2022 to 2023.

article thumbnail

IRS Releases Annual Increases to Qualified Retirement Plan Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

The table below provides an overview of the key adjustments for qualified retirement plans.

article thumbnail

Laws And Regulations Every HR Professional Should Know In 2023

Empuls

New requirements for health and retirement benefits Health and retirement benefits are an integral part of employee compensation, and they are subject to their own sets of laws and regulations. This case shows the legal complexities surrounding changes to employee benefits.