2021 Retirement Plan Contribution Limits
401(k) Employee deferral remains at $19,500. 401(k) Catch-up (age 50 yrs and older) remains at $6,500.401(k) max limit employee + employer (age 49 and younger)
December 16, 2020 No Comments
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2021 FICA tax rates and wage limits (wage base)
Social Security Rate: 6.2%. Maximum taxable earnings: $142,800 Rate is the same as 2020. Taxable earnings increased from $137,700 in 2020) Medicare Rate: 1.45%. Max
December 16, 2020 No Comments
South Dakota Minimum Wage increase effective 1/1/21
Effective January 1, 2021, South Dakota’s minimum wage will increase to $9.45 per hour. The minimum base wage for tipped employees will increase to $4.73
December 16, 2020 No Comments
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