Please note the change in annual dollar limits for HSAs, FSAs, and 401(k)s. The employer does not need to offer the maximum benefit for the FSA. Please let us know if you need to change the limit on your FSA (if offered).
Employee Benefit Plan Limits for 2023
Many employee benefits (such as HSAs, health FSAs and 401(k) plans) are subject to annual dollar limits that are periodically updated for inflation. This Compliance Overview includes a chart of the inflation-adjusted limits for 2023. Due to high rates of inflation, all of these limits will substantially increase for 2023.
Download now: Link