“Meet Phil”

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ABMA Legislative Committee Member Phil Kennedy sits down with ABMA Legislative & Regulatory Affairs Coordinator Julianna Rauf in a “get to know you” session.

IRS Announces 401(k) Limit Increases

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The Internal Revenue Service (IRS) announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020.