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This COLA chart was designed with smaller business owners in mind. In addition to the indexed limits in Notice 2024-80, certain enhanced and additional limits are also shown for smaller businesses (under 26 employees) and larger employers (26 to 100 employees). The footnotes are important and provide additional clarification. Please let me know if you have any suggestions for next year's chart! A rollover chart is contained on page 2. Uploaded new file on February 26 to include the new bankruptcy exemption amount ($1,711,975) for IRAs (excluding most rollovers). Hope this helps. Enjoy, ``Gary COLA_RO_2025-ENHANCED.pdf

even though it's also been reported on the W-2? (I'm voting for 120K)

I'm not sure I follow. Are you saying QDRO APs are subject to the 10% early distribution penalty? See Code Section 72(t)(2)(C) (10% early distribution tax doesn't apply to QDRO distributions).

Amazing how little some people pay attention. The snark in me wants tos ay the remedy (for stupidity) is termination, but, I'll refrain. We have on every statement, every confirm, the landing page for web access and other places a statement that after TWO notifications of something, it is presumed ratified by the participant. At most, two bites would be the second statement post the action, but generally the first bite is the confirm, and the second would be the next quarterly statement. Never had to defend that, and I'm not sure I want to, but it has caused some people, including lawyers, to back-off of a claim (lest they be embarrassed by lack of attention they had in a "participant directed" plan.)

Thank you Bill.

We worked with a client in a very similar situation and their ERISA legal counsel. The assets of the plan were not participant-directed and there were no ties between the real estate and any of the plan fiduciaries. The appreciation on the property was included each year in the allocation of trust income to all participants. The facts including a current appraisal of the property were communicated to each participant to get their concurrence with allowing an in-kind distribution of the real estate. We understood the participants essentially did not want their retirement accounts tied up with an illiquid investment and they signed off on the transaction. This was all worked out with legal counsel guiding the process and drafting the related communications and agreements. Definitely, do not try this without active involvement of legal counsel at every step.

I felt dirty just submitting the question. 😜

1 -identify the definition in the plan document. 2 - apply that definition. Note - regardless of the definition of compensation in the plan document, it is almost never a number you can pluck from a box on the W2, especially when there are one or more pre-tax items and different pre/post-FICA/Medicare. That is, you almost always need to add multiple boxes and coded items to get the correct compensation. If your issue here is the health insurance add for S-corp owners, see 1 & 2 above.

I am voting for 120K as well, but please refer back to AA regarding inclusio/exclusion elements.

It's like a collectible!

FWIW - The Relius Volume Submitter documents with an AA format provide an "index" which is a 2-3 page summary listing the specific elections made in that AA, and showing the page # of that specific election. Very helpful. We generally don't get much in the way of complaints about the restatement fee - maybe we need to charge more! But we DO provide a binder with a hard copy of everything (plus electronic copies if requested) as some justification for the fee - many people, if they just get an electronic copy, really don't fully comprehend the amount of work involved.