The Internal Revenue Service (IRS) recently announced 2012
cost-of-living adjustments to the applicable dollar limits for
various employer-sponsored retirement and welfare plans. Plan
sponsors should update payroll and plan administration systems
accordingly and should incorporate the new limits in relevant
participant communications. Because 2012 marks the first year the
IRS has increased employee benefit plan limits since 2009, plan
sponsors also may want to consider updating plan documents to
include the new cost-of-living adjustments, to the extent such
adjustments are not automatically incorporated by
cross-reference.
The Internal Revenue Service (IRS) recently announced the
cost-of-living adjustments to the applicable dollar limits on
various employer-sponsored retirement and welfare plans for
2012.> Although many dollar limits currently in effect for 2011
will change, some limits will remain unchanged for 2012. Earlier
this year, the IRS announced new limits
