Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!
IRS released, Deferral limits for 401(k) plans increase to $18,500 for 2018. Do we need to update?
We just find out the changes.
Regular Contribution = $18,500 ($500 increase from 2017)
"Last Three Years" Catch-up = a maximum of $37,000 (twice the normal maximum) ($1,000 increase from 2017)