“The difference between stupidity and genius is that genius has limits.” – Albert Einstein
There is a multitude of factors that go into the limits the federal government puts on annual employee benefits. These limits mainly revolve around inflation and are determined by the Internal Revenue Service (IRS). As we conclude 2018, the IRS has issued its benefit maximums (listed below).
If you have any questions about this information, please do not hesitate to contact a BenefitCorp consultant here to discuss.
*Chart provided by Zywave.com