Posts in Increase.
Late last week, the IRS released its annual update for the cost-of-living adjustments for retirement plans. As predicted based on the overall rate of inflation, there are widespread increases for 2023. As shown below, almost all IRS limits were affected by this year’s cost-of-living adjustments, including catch-up contributions.
Now that ...
Many employers this time of year are finding out that they are going to be receiving a premium increase for their health plans. As someone who sits on our firm’s health care committee, I can attest that sometimes that increase can feel like a gut punch when you receive it. Once employers negotiate it or shop their plan to get that final rate, the next ...