The Internal Revenue Service announced on Friday that it will allow contributions of up to $23,500 for 401 (k) plans in 2025, ...

For instance, many people working in public education or for a tax-exempt organization might have a 403(b) retirement plan as opposed to the more common 401(k) or IRA plans. If you quit education ...

Recent legislation has been introduced that would allow 403(b) plans to invest in collective investment trusts (CITs). This would provide low-cost options to plans that have been riddled with high ...

The IRS recently issued Notice 2024-73, which provides much-needed guidance on long-term, part-time (“LTPT”) employees in ERISA-governed 403(b) retirement plans. Following passage of the ...

New IRS Notice 2024-73 provides important clarity on long-term part-time (LTPT) employees' eligibility for participation in 403(b) plans. While 403(b) plans are subject to many of the same rules ...

The Internal Revenue Service has announced in its annual update various 2025 employee benefit plan limits and thresholds for employer plan sponsors ...

Highlights of changes for 2025 The annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan is increased to ...

New provision expected to pay dividends for organizations in health care, law and education whose new hires are likely to ...

As background, a lame-duck [1] session is the period after an election when the current Congress returns to wrap up any unfinished business before the start of the next session of Congress. The ...

Workers who participate in 403(b) and the federal government’s Thrift Savings Plan will also be able to increase their annual ...

The same $23,500 limit will be in effect for 403(b), government 457 and federal employees’ Thrift Savings Plan (TSP). The limit for annual contributions for IRAs is still $7,000 while the catch ...