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2015 Cost-Of-Living Adjustments

The Internal Revenue Service has announced the 2015 cost-of-living adjustments affecting dollar limitations on benefits from and contributions to qualified retirement plans. 

For more information about these adjustments and other 2015 pension plan limitations, click here

 

ANNUAL PLAN LIMITS

    2015 2014
Compensation  $             265,000  $             260,000
Limits on benefits and contributions:    
  Defined contribution plans                   53,000                   52,000
  Defined benefit plans                 210,000                 210,000
  401(k), 403(b) and 457 plan elective deferrals                   18,000                   17,500
  SIMPLE plan elective deferrals                   12,500                   12,000
Catch-up contributions:    
  401(k), 403(b) and 457 plans                      6,000                      5,500
  SIMPLE plans                      3,000                      2,500
"Highly Compensated" definition                 120,000                 115,000
"Key Employee" definition:    
  Officer                 170,000                 170,000
  1% Owner                 150,000                 150,000
Social Security    
  Taxable wage base:                 118,500                 117,000