The Social Security Administration and Internal Revenue Service announced the 2020 SSA and IRS retirement limits that affect the operation of tax-qualified retirement plans and executive retirement and capital accumulation arrangements. These plans include 401(k) plans and certain other types of employee benefit plans, including LTIPs, SERPs and deferred executive compensation plans that may be subject to Internal Revenue Code §409A.
The tables below highlight some of the key executive retirement and capital accumulation changes.
About RSC Advisory Group
RSC Advisory Group, LLC is a management advisory and consulting firm specializing in pay and performance. The RSC team is comprised of long-time senior advisors and technical specialists who work with clients across the United States. We employ a client-centric approach to help clients in several compensation areas:
- Board & Executive Total Compensation
- Employee Pay & Total Rewards
- Sales Compensation
- Global Remuneration
- Compensation Surveys & Research
Contact us today to see how we can help you and your organization.