Updated March 28, 2020: Under the IRS safe harbor reason for a hardship related to FEMA, a hardship is available for expenses and losses for employees living or working in affected area at the time of a disaster designated by FEMA for individual assistance with respect to the disaster. It is not clear that FEMA
401k
You Can Save More in Your 401(k) in 2020
By Seyfarth Shaw LLP on
Posted in Retirement Plans
By Sarah Touzalin and Richard G. Schwartz
Seyfarth Synopsis: Many of the limitations that apply to tax-qualified plans, including 401(k) plans, are subject to cost-of-living increases. The IRS just announced the 2020 limits. 401(k) plan contribution limits are increasing, so check your elections starting in 2020. Employers maintaining tax-qualified retirement plans will need to make…