Annually, the Internal Revenue Service, the Social Security Administration and the Pension Benefit Guaranty Corporation adjust for cost-of-living increases certain limitations that impact employee benefit plans. These limitations, adjusted for 2020, were recently published.
As a resource, the Employee Benefits and Executive Compensation practice at Brownstein Hyatt Farber Schreck annually prepares a chart comparing many of the current and prior-year limitations applicable to employee benefits.
Click here to access the chart for 2020 limits.
If you have questions about how these changes affect your employee benefits, please contact one of the attorneys listed below.