Posts from November 2024.
The IRS released its annual update for the cost-of-living adjustments for 2025. Similar to the adjustments made last year, there are widespread increases for 2025. As you can see from our chart below, almost all IRS limits were affected by this year’s cost-of-living adjustments. Although the catch-up contribution limit for individuals age ...
In a recent court ruling, the US Department of Labor (DOL) prevailed against corporate directors and shareholders for claims related to an Employee Stock Ownership Plan (ESOP) transaction. Most ESOPs are established through arm's length transactions that comply with the Employment Retirement Income Security Act’s(ERISA) fiduciary ...