The IRS updated the qualified retirement plan limits for 2017. The salary deferral and catch-up contribution limits remain the same. The maximum contribution, when adding employee deferrals and employer contributions, increased to $54,000 (or $60,000 for anyone age 50 or older). For a full explanation, please click on the “Plan Limits” tab of our website. If you have any questions regarding the plan limits or your plan design, please don’t hesitate to contact us.
Curious about what a TPA does? One of the investment platforms we work with, John Hancock, created a video explaining the benefits of working with Third Party Administrators like us. Take a look!
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