On February 4, 2009, President Obama signed the Children’s Health Insurance Program Reauthorization Act of 2009 (CHIPRA, Pub. L. 111-3). CHIPRA includes a requirement that the Departments of Labor and Health and Human Services develop a model notice for employers to use to inform employees of potential opportunities currently available in the State in which the...
Monthly Archives: February 2010
Each year the plan contribution limits change for qualified plans, so here are the new amounts for 2010: 2010 401(k) limits: 401k Elective Deferrals: $16,500 Catch-up Contribution Limit: $5,500 Annual Compensation Limit: $245,000 Highly Compensated Employees: $110,000 2010 non-401(k) related limits: 403(b)/457 elective deferrals: $16,500 SIMPLE Employee deferrals: $11,500 SIMPLE Catch-up deferral: $2,500 SEP Minimum...