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2022 IRS Retirement Plan Contribution Limits

2022 IRS Retirement Plan Contribution Limits

2022 IRS RETIREMENT PLAN CONTRIBUTION LIMITS   The IRS has released the annual limits for 2022: Elective Deferral Limit $20,500 Increased from $19,500 Catch-Up Contribution Limit $6,500 unchanged Annual Addition Limit $61,000 Increased from $58,000 Annual Compensation...

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5 Questions to ask your Retirement Plan Administrator

5 Questions to ask your Retirement Plan Administrator

The world of retirement plans can seem overwhelming to those not involved in the retirement plan business.  Fortunately, there are service providers available to help you to navigate the sea of information. What is my responsibility as a Plan Sponsor? Ultimately, the...

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How Much Should I Save for Retirement – Part II

How Much Should I Save for Retirement – Part II

Here are some simple metrics so you know how much to save and if you are saving enough for retirement.   1. Save 15-19% of your income every year of your career. In order to replace your pre-retirement income in retirement, it is estimated that you need to save...

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2021 IRS Retirement Plan Contribution Limits

2021 IRS Retirement Plan Contribution Limits

The IRS has released the annual limits for 2021:    Elective Deferral Limit $19,500 unchanged  Catch-Up Contribution Limit $6,500 unchanged   Annual Addition Limit $58,000 Increased from $57,000  Annual Compensation Limit $290,000 Increased from $285,000 Highly...

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How Much Should I Save for Retirement?

How Much Should I Save for Retirement?

The number one question I am asked as a Retirement Professional is…How much do I need to save for my retirement?  With fewer and fewer pensions, today’s workers need to be more prepared than ever for their retirement.  Why Should I Save for Retirement? The purpose of...

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Cycle 3 Statements

Cycle 3 Statements

All Qualified Plans are required to restate their plan documents every six years to comply with changes in the laws. The last restatement was known as the PPA Restatement (Pension Protection Act). Currently, the IRS is providing opinion letters on the document...

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Get In Touch

Kline, Keppel & Koryak
2281 Ridgewood Dr. NW
Dover, OH 44622
+1 330.365.2400

lschaffer@3kretirement.com
nsturgeon@3kretirement.com
rmetcalf@3kretirement.com
msturgeon@3kretirement.com

Get In Touch

Kline, Keppel & Koryak
2281 Ridgewood Dr. NW
Dover, OH 44622
+1 330.365.2400

lschaffer@3kretirement.com
nsturgeon@3kretirement.com
rmetcalf@3kretirement.com
msturgeon@3kretirement.com

Get In Touch

Kline, Keppel & Koryak
2281 Ridgewood Dr. NW
Dover, OH 44622
+1 330.365.2400

lschaffer@3kretirement.com
nsturgeon@3kretirement.com
rmetcalf@3kretirement.com
msturgeon@3kretirement.com