The IRS updated the qualified retirement plan limits for 2021. The maximum contribution, when adding employee deferrals and employer contributions, increased to $58,000 (or $64,500 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!
http://players.brightcove.net/407527529001/default_default/index.html?videoId=4372486706001
Thank you for your interest in EIP! We just launched our new site based on the premise of ease of use. Please contact us with any questions or feedback. Our clients’ satisfaction is a paramount to our mission. Thank you for stopping by and check back soon as we post EIP news!