Key Retirement Plan Limits for 2015 Announced

December 23rd, 2014 by JBWK

On October 23, 2014, the IRS announced cost-of-living adjustments to the monetary limitations for
pension plans and other retirement-related items for tax year 2015. The table below lists the key
2015 limits and corresponding 2014 limits:

2015 2014
401(k)/403(b) elective deferral maximum $ 18,000 $17,500
§415 defined benefit dollar maximum $210,000 $210,000
§415 defined contribution annual addition maximum $53,000 $52,000
§457(b) nonqualified deferred compensation limit $18,000 $17,500
§410(a)(17) annual compensation limit $265,000 $260,000
§414(q) highly-compensated employee limit $120,000 $115,000
§414(v) catch-up contribution limit $6,000 $5,500
§416(i) top heavy officer limit $170,000 $170,000
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