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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