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Benefits COLA

Source: United Benefit Advisors (UBA)

Many employee benefit limits are unchanged for 2014, according to new figures released by the Internal Revenue Service and the Social Security Administration.

The limits are adjusted each year for changes in the cost of living, but there is little change this year due to relatively low inflation and because some amounts are adjusted only if the increase meets a minimum amount. If you would like a copy of the 2013 and 2014 limits that apply to employee benefit plans, contact Kaminsky & Associates.