On April 23, 2024, the Department of Labor ("DOL") announced its final rule expanding the Fair Labor Standards Act's ("FLSA") overtime protections for workers by increasing the salary thresholds.
This chart sets forth some of the annually adjusted dollar limits that impact employee benefits, as published by the Internal Revenue Service, the Social Security Administration and the.
The Internal Revenue Service released the cost-of-living adjusted qualified retirement plan and welfare plan limitations effective January 1, 2024. For ease of reference and comparison.
The Commissioner of Internal Revenue announced the 2024 dollar limitations for benefits and contributions that apply to retirement plans. The Social Security Administration increased.
The IRS has released the 2023 cost of living adjustments for limits on employee benefits including qualified plans, tax withholding rates, high deductible plans, health savings account, FSAs, Affordable Care Act limits and penalties, and qualified transportation fringe benefit.