Greetings;
We have received an update to the system parameter tables to update the 401(a)(17) Annual Compensation Limits for the Fiscal year beginning July 1, 2014.
The affected rates will be:
FYTD RETIREMENT MAX 3850.00
FYTD RETIREMENT MAX 2650.00
We will be applying these on July 2, 2014.
As always if you have questions or concerns please let us know.
Thanks!