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Chart of Select Limits
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401k Plan Limits for Year
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2015
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2014
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2013
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2012
|
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401k Elective Deferrals
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$18,000
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$17,500
|
$17,500
|
$17,000
|
|
Annual Defined Contribution Limit
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$53,000
|
$52,000
|
$51,000
|
$50,000
|
|
Annual Compensation Limit
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$265,000
|
$260,000
|
$255,000
|
$250,000
|
|
Catch-Up Contribution Limit
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$6,000
|
$5,500
|
$5,500
|
$5,500
|
|
Highly Compensated Employees
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$120,000
|
$115,000
|
$115,000
|
$115,000
|
|
Non-401k Related Limits
|
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403(b)/457 Elective Deferrals
|
$18,000
|
$17,500
|
$17,500
|
$17,000
|
|
SIMPLE Employee Deferrals
|
$12,500
|
$12,000
|
$12,000
|
$11,500
|
|
SIMPLE Catch-Up Deferral
|
$3,000
|
$2,500
|
$2,500
|
$2,500
|
|
SEP Minimum Compensation
|
$600
|
$550
|
$550
|
$550
|
|
SEP Annual Compensation Limit
|
$265,000
|
$260,000
|
$255,000
|
$250,000
|
|
Social Security Wage Base
|
$118,500
|
$117,000
|
$113,700
|
$110,100
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Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.
October 27, 2014
IRS Retirement Plan Limits announced for 2015
On October 23, 2014, the IRS announced its annual cost of living adjustments. Below is a chart from www.401khelpcenter.com that does a nice job summarizing the changes in limits since 2012.
