2024 Plan Limits

There are quite a few changes to the plan limits for 2024. The deferral limit increases to $23,000 and the 415 limit increases to $69,000. The compensation limit increases to $345,000. Please refer to the .pdf below for additional details.

2023 Plan Limits

There are quite a few changes to the plan limits for 2023. The deferral limit increases to $22,500 and the 415 limit increases to $65,000. The compensation limit increases to $330,000. Please refer to the .pdf below for additional details.

ERISA Fidelity Bonds

ERISA fidelity bonds are required by the U.S. Department of Labor and protect an employee benefit plan against losses caused by acts of fraud or dishonesty. Bonds can be cost-effectively packaged with fiduciary liability insurance to also protect the plan fiduciary.