Benefit Insights Newsletter | Fall 2020

Cost Of Living Adjustments For 2021

On October 26, 2020, the IRS announced the Cost of Living Adjustments that will affect the dollar limitations for retirement plans. Contribution and benefit increases are intended to allow participant contributions and benefits to keep up with the “cost of living” from year to year. This quarter, we are providing some highlights from the 2021 limits and updates from the SECURE and CARES acts.

View The full Fall 2020 edition of the Benefit Insights newsletter or check out the viewer below.

This edition also features insight into the following topics:

  • Cycle 3 Plan Document Restatements
  • Required Year-End Participant Notices
  • CARES Act Update & SECURE Act Reminders
  • Upcoming Compliance Deadlines for Calendar-Year Plans