IRS Announces 2015 COLA Limits For 401(k)/Other Qualified Retirement Plans; Most Amounts Rise Slightly

Overview


Todd Solomon assessed new IRS cost of living adjustments (COLAs) for retirement plans. “While many benefit plan limits have increased in spite of the low level of inflation, some have remained unchanged,” Mr. Solomon noted, adding that ”most importantly from a saver’s point of view,” the increase in the new maximum plan contribution limits “will allow plan participants to enhance their savings in coming years.”