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ARTICLE · 07 NOVEMBER 2014

Retirement Plan Limitations For 2015

The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for retirement plan contributions and benefits for 2015.

United StatesEmployment and HR

The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for retirement plan contributions and benefits for 2015.  Highlights include the following:

2015 Retirement Plan Limits
   2015  2014  2013
Elective Salary Deferrals (401(k) & 403(b))
 18,000.00 17,500.00
 17,500.00
     
 Catch-Up Contribution (age 50 or older)
 6,000.00 5,500.00
5,500.00
       
 Maximum Compensation
 265,000.00  260,000.00  255,000.00
       
 Maximum Benefit for Defined Benefit Plan
 210,000.00  210,000.00  205,000.00
       
 Maximum Annual Addition for Defined Contribution Plan

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