Alert / Retirement, Employee Benefits
IRS Announces Benefit Plan Limits for 2018

The IRS has announced welfare and retirement benefit plan limits for 2018. There are many sections in the Tax Code that limit the amount of tax-favored welfare and retirement benefits an employer may provide or an employee may receive. The IRS updates these limits annually to account for inflation. 

Here are the limits for 2018 and the corresponding limits for 2017. Note that regulators previously issued guidance updating the limits for health savings accounts and their corresponding high deductible health plans, as well as certain health reform-related fees, penalties and limits. Those updates are included as well. We expect more inflation adjustment announcements in the near future and will update this information at that time.

Please click the image for a printable version of the 2018 welfare benefit plan limits.

 

 

Lockton Companies
Compliance Services and Retirement Services

Not Legal Advice:  Nothing in this Alert should be construed as legal advice. Lockton may not be considered your legal counsel and communications with Lockton's Compliance Services group are not privileged under the attorney-client privilege.

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