IRS Announces Indexed Limits For 2015

Thursday, October 23, 2014

The IRS indexed dollar limits to qualified retirement plans for 2015 are provided in the table below. This update is provided for informational purposes to The Standard's retirement plan clients and partners and is not intended as legal advice.

Item IRC Reference 2014 Limit 2015 Limit
401(k) and 403(b) Employee Deferral Limit1 402(g)(1) $17,500 $18,000
457 Employee Deferral Limit 457(e)(15) $17,500 $18,000
Catch-up Contribution2 414(v)(2)(B)(i) $5,500 $6,000
Defined Contribution Dollar Limit 415(c)(1)(A) $52,000 $53,000
Defined Benefit Dollar Limit 415(b)(1)(A) $210,000 $210,000
Compensation Limit3 401(a)(17); 404(l) $260,000 $265,000
Highly Compensated Employee Income Limit4 414(q)(1)(B) $115,000 $120,000
Key Employee Officer 416(i)(1)(A)(i) $170,000 $170,000
Social Security Taxable Wage Base   $117,000 $118,500

1 Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE plans.

2 Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE plans.

3 All compensation from a single employer (including all members of a controlled group) must be aggregated for purposes of this limit.

4 For the 2015 plan year, an employee who earns more than $115,000 in 2014 is an HCE. For the 2016 plan year, an employee who earns more than $120,000 in 2015 is an HCE.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

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