Compliance Areas for 2024 You Might Not Have Thought Of
PeopleStrategy
DECEMBER 12, 2023
The IRS has made a number of cost-of-living adjustments for 2023, including increasing the amount employees can contribute to their 401(k)s to $23,000 (up $500 from 2023). Participants in these plans who are 50 or older can contribute up to $30,500, starting in 2024. If so, be aware of changes that go into effect Jan.
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