New Limits For Qualified Plans
Posted by fhalestewart on November 12, 2017
Code section 415 specifically defines the total benefits and contributions allowed for a “qualified” plan. Exceeding these limits will strip a plan of its tax-deferred status. Code section 401(b) requires the Secretary to annually adjust various amounts. A few weeks ago, the IRS released Notice 2017-64 which contains various adjustments. You can read the entire release at this link.
In 2009, F. Hale Stewart, JD. LL.M. graduated magna cum laude from Thomas Jefferson School of Law’s LLM Program. He is the author of three books: U.S. Captive Insurance Law, Captive Insurance in Plain English and The Lifetime Income Security Solution. He also provides commentary to the Tax Analysts News Service, as well as economic analysis to TLRAnalytics and the Bonddad Blog. He is also an investment adviser with Thompson Creek Wealth Advisors.
William Byrnes' Tax, Wealth, and Risk Intelligence 
Leave a Reply