Category: IRS

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Announcements

January 2024

2024 General Assembly Session; DCP Record Keeper Transition; IRS Contribution Limits; Employer Training

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IRS Sets 2024 Contribution Limits

December 2023

The IRS increased limits for how much participants can contribute to tax-deferred savings plans for tax year 2024.

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Important Reminder: Correction Policies Revised for Some Defined Contribution Plans

October 2023

Avoid errors and ensure your payroll procedures follow IRS requirements.

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IRS Increases Deferred Compensation Contribution Limits for 2023

December 2022

The Internal Revenue Service announced that the dollar amounts participants may contribute to tax-deferred savings plans, such ...

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Retiree 1099-R Forms Mail in Late January

January 2022

In case you receive the question from recent retirees, you can let them know that VRS will mail the IRS Form 1099-R by the end...