IRS Limits

2024 Pension Plan Limits

On November 1, 2023, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2024. The Internal Revenue Code requires that the Secretary of the Treasury adjust the limits annually. Some highlights are:      The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase to $23,000.     The catch-up contribution limit for those aged 50 and over…

Read More

2023 Pension Plan Limits

On October 21, 2022, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2023. The Internal Revenue Code requires that the Secretary of the Treasury adjust the limits annually. Some highlights are:      The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase to $22,500.     The catch-up contribution limit for those aged 50 and over…

Read More

2022 Pension Plan Limits

On November 4, 2021, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022. The Internal Revenue Code requires that the Secretary of the Treasury adjust the limits annually. Some highlights are:      The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase to $20,500.     The catch-up contribution limit for those aged 50 and over…

Read More

2020 Pension Plan Limits

On November 6, 2019, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. The Internal Revenue Code requires that the Secretary of the Treasury adjust the limits annually. Some highlights are:      The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase to $19,500.      The catch-up contribution limit for those aged 50 and…

Read More
Locations

North Carolina:
Cary, North Carolina
Phone: 919-401-3500

Pennsylvania:
McMurray, Pennsylvania
Phone: 412-417-6645

In the News

National Association of Plan Advisors (NAPA) has named Comperio Retirement Consulting one of the Top DC Advisor Teams for seven consecutive years: 2019, 2020, 2021, 2022, 2023, 2024 and 2025

 

Comperio Retirement Consulting has been named one of the largest 100 Investment Consultants in the United States according to Pension & Investments (P&I) for the past 7 years