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Plan Limits

Retirement Plan Design & Administration Services
ANNUAL PLAN LIMITS
2024 2023 2022
COMPENSATION 345,000 330,000 305,000
LIMITS ON BENEFITS & CONTRIBUTIONS
     DEFINED CONTRIBUTION PLANS 69,000 66,000 61,000
     DEFINED BENEFIT PLANS 275,000 265,000 245,000
     401(K) - 403(b) - & 457 PLAN ELECTIVE DEFERRALS 23,000 22,500 20,500
     SIMPLE PLAN ELECTIVE DEFERRALS 16,000 15,500 14,000
     IRA 7,000 6,500 6,000
 
CATCH UP CONTRIBUTIONS
 
     401(K) - 403(b) - & 457 PLANS  7,500 7,500 6,500
     SIMPLE PLANS 3,500 3,500 3,000
     IRA 1,000 1,000 1,000
 
"HIGHLY COMPENSATED" DEFINITION 155,000 150,000 135,000
"KEY EMPLOYEE" DEFINITION
     
     OFFICER 220,000 215,000 200,000
       
SOCIAL SECURITY TAXABLE WAGE BASE  168,600 160,200 147,000
Eployee Lising

For more information email info@dbbllc.com or call 315-471-9171 to contact:

Tina D’Agata
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Tina D’Agata

Tina is a Senior Manager at Dermody, Burke & Brown in the Retirement Plan Design and Administration department.  As an employee at the Firm for over fifteen years, her seasoned experience in the Industry allows her to efficiently design, prepare and administer retirement plans for a variety of clients.  Tina personally meets with clients and staff to discuss employee benefit options and assists the CPA Firm with their audits of employee benefit plans.  Tina is proactive in her retirement planning approach and attends educational seminars to keep abreast of the many changes that occur within the industry.

Tina is a graduate of Hartwick College and a leading member of Dermody, Burke & Brown’s Young Professional Committee and Wellness Committee.  She is a board member and Finance Committee member of the Gingerbread House of Syracuse, a board member and Secretary of the Thousand Island Park Cottage Owners Association, Inc., a member of the United Way of CNY Young Leaders United, and is actively involved with the Blessed Sacrament School.  Tina is a 2016 graduate of the Nourishing Tomorrow’s Leaders Program, designed to increase the diversity of not-for-profit boards and leadership in the Central New York area.  She is also a 2016 40 Under Forty Honoree.

Mary Beth Madlin
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Mary Beth Madlin

Mary Beth has been with Dermody, Burke & Brown since 1985.  As a Senior Manager of the Retirement Plan Design and Administration department, Mary Beth focuses on all facets of retirement planning from plan design to daily administration.  She specializes in managing define contribution plans and provides on-going administration of retirement plans for a range of clients.

Mary Beth also provides outside consulting services and reviews plan design, cost structure and administrative practices. Mary Beth is a graduate of Bryant & Stratton College and continues to shape her thirty-two years of knowledge in the industry by attending continuing educational seminars. 

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