|
IRS Cost-of-Living Limitations |
2014 |
2015 |
|
Deferral Limit for 401(k), 403(b), Salary Reduction SEPs |
$17,500.00 |
$18,000.00 |
|
SIMPLE Plan Deferral Limit |
$12,000.00 |
$12,500.00 |
|
Catch-up Limit 401(k), 403(b) (Ages 50+) |
$5,500.00 |
$6,000.00 |
|
Catch-up Limit SIMPLE Plan (Ages 50+) |
$2,500.00 |
$3,000.00 |
|
415 Dollar Limit for Defined Contribution Plans |
$52,000.00 |
$53,000.00 |
|
415 Dollar Limit for Defined Benefit Plans |
$210,000.00 |
$210,000.00 |
|
Compensation Cap for Plan Purposes |
$260,000.00 |
$265,000.00 |
|
Compensation for Highly Compensated Employees (HCE |
$115,000.00 |
$120,000.00 |
|
Officer Compensation for Key Employee Definition |
$170,000.00 |
$170,000.00 |
|
Minimum Earnings for SEP Participation |
$550.00 |
$600.00 |
|
Social Security Taxable Wage Base |
$117,000.00 |
$118,500.00 |
About Leonard L. Shober
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