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.