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IRS Announces 2022 Cost of Living Adjustments for Retirement Plan Limits
Ferenczy Benefits Law Center 
[Guidance Overview] Nov. 5, 2021 "[W]ith the increase in inflation, the IRS bumped up a number of [plan] limits for 2022. The key limits that increased include the compensation that is taken into account for plan purposes, the total amount that can be contributed on behalf of any participant in a defined contribution (including 401(k)) plan, and the Social Security Taxable Wage Base." [A chart shows 2021 and 2022 limits.] MORE >> |
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