Share on LinkedInShare on LinkedIn

ARTICLE · 05 NOVEMBER 2013

2014 Dollar Limits On Compensation And Benefits

The Internal Revenue Service (IRS) has announced the 2014 annual dollar limitations on benefits, contributions, and compensation.

United StatesEmployment and HR

The Internal Revenue Service (IRS) has announced the 2014 annual dollar limitations on benefits, contributions, and compensation. The key limits for 2014 (as well as the limits that applied in 2013) are listed in the table below:

 Code Section

 Limit

 2014

 2013

 §401(a)(17)(A)  Annual Compensation  $260,000  $255,000
 §402(g)(1)(B)  401(k)/403(b) Elective Deferrals  $17,500  $17,500
 §414(q)(1)(B)(i)  Highly Compensated Employees  $115,000  $115,000
 §414(v)(2)(B)(i)  Age 50+ "Catch-Up" Contributions  $5,500  $5,500
 §415(b)(1)(A)  DB Annual Benefits  $210,000  $205,000

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from