IRS Releases 2024 Benefit Plan Limits

IRS Releases 2024 Benefit Plan Limits

The IRS recently released the 2024 benefit plan limits based on the annual cost-of-living adjustments in the Internal Revenue Code. These limits take effect beginning January 1, 2024. Final limits for health FSAs and DCAPs are still pending. Employers should update their Summary Plan Descriptions and other materials highlighting the annual dollar limits and watch for future developments.

Retirement Benefits

Welfare Plans and Fringe Benefits

Brinson Benefits