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IRS Announces Increases to Retirement Plan Limits for 2024

On November 1, 2023, the Internal Revenue Service (IRS) announced the new contribution and benefit limits to qualified retirement plans. …

Carmody Advises GEM Manufacturing in Sale to Core Industrial Partners

Carmody’s Corporate team lead by Tom Candrick and Kevin Palumberi advised GEM Manufacturing on its sale to Core Industrial Partners, …

Increase in 401(k) Plan Limits for 2023

The IRS, in Notice 2022-55 has announced increased 401(k) plan limits for 2023.  The increases are larger than usual due to inflation.  …