Just In: IRS Announces 2020 Retirement Plan Dollar Adjustments
By: Randall Cook, Employee Benefits & Executive Compensation Attorney On November 6, 2019, the IRS announced the annual cost-of-living dollar adjustments applicable to retirement plans beginning January 1, 2020. The full list of adjustments is contained in IRS Notice 2019-59. Here are some highlights: 2020 2019 401(k)/403(b) Elective Deferral Limit $19,500 $19,000 Defined Contribution Plan Annual …