Retirement plan limit increases

The Internal Revenue Service (IRS) announced last week that it has increased the contribution limits for employees who participate in 401(k), 403(b), and most 457 plans.  The total contributions amounts has increased $500 from $18,500 to $19,000 for plan year 2019.  In addition, the “all sources” contribution maximum increase $1,000 to $56,000.  These limits on contributions are adjusted each year due to inflation.  The catch-up contributions for employees who are age 50 or older remains unchanged at $6,000 because that is not adjusted along with inflation but set by law....

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Van Arnam Retires From AEV, Will Head CAAS GVS

Mark Van Arnam, founder and CEO of American Emergency Vehicles, has announced his retirement from the North Carolina based manufacturer of ambulances. “It is extremely difficult to leave AEV,” stated Van Arnam. “But, the company is performing well, and is run by a strong team.” Mark has been in the ambulance business for over 45 years, and is looking forward to some new challenges. First on his list of projects is the implementation of the new Ground Vehicle Standard (GVS v.1.0), scheduled to be published in February by the Commission on Accreditation for Ambulance Services (CAAS). “Our broad based GVS committee spent over two years developing this new consensus standard for ambulances,” stated Van Arnam, who served as Vice Chair of the Committee. “We are very proud of our document, and anxious to roll it out as a successor to the KKK-A-1822 standard which the US Government will sunset in the near future.” CAAS is an ANSI accredited organization that defines the “gold standard” for operations in the medical transportation industry. “CAAS is very excited about the Ground Vehicle Standard project,” stated Mark Postma, CAAS Chair. “We have now created the gold standard for emergency medical vehicles, intended for use by all types of providers in the broad spectrum (more…)