2015 Indexed Figures for Qualified Retirement Plans
Posted on: November 4, 2014Categories: HR & ComplianceQualified Retirement Plans must take various dollar limits into consideration. Some of these are indexed and can therefore change on occasion. The IRS has announced benefit plan limits for 2015. Below are the figures for 2015 along with the previous 2014 limits for comparison.
| LIMITS | 2015 | 2014 |
| 401(k) Plan Elective Deferral Limit (Calendar Year) | $18,000 | $17,500 |
| 401(k) Plan Catch-up Contribution Limits | $6,000 | $5,500 |
| Maximum Annual Contribution Limits
(Money Purchase, Profit Sharing, Target Plans) |
$53,000 | $52,000 |
| Maximum Annual Benefit Limit
Defined Benefit Plans |
$210,000 | $210,000 |
| Maximum Annual Compensation Limit | $265,000 | $260,000 |
| Compensation Limit for Highly Compensated Employees1 | $120,000 | $115,000 |
| Social Security Taxable Wage Base Limit | $118,500 | $117,00 |
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