An MRP Plans, Inc. update… March 2016 We hope your 2016 has been off to a great start. We’ve been hard at work making some changes and improvements around here to streamline our client and participant communications processes: First, we have a new contact email for all participant requests and questions: [email protected]. This email should […]
Update
Litigation – plan fees
(Warning – rambling musings follow. May be boring.) This ASPPA news article (I think it is available to non-members) caught my eye. ASPPA said “Another “excessive fee” lawsuit was settled recently — but what’s more interesting than the settlement amount is the speed with which it was reached and how it’s going to be spread […]
New limits for 2016
Not much to report here – due to inflation, mostly gas prices, staying low, there are no adjustments to the plan limits for next year. For more details, click on the link for Key Limitation Numbers in the sidebar or under “Resources” in the main menu.
New limits for 2015
The IRS and Social Security released new limits recently (estimates below were confirmed). Increases of note are: the maximum contribution to a defined contribution plan went from $52,000 to $53,000, the 401(k) maximum went from $17,500 to $18,000, and the 401(k) catch-up maximum went from $5,500 to $6,000. For more details, click on the link […]