Plan Limits

This chart can be very useful with regards to annual plan contribution limits for different types of qualified retirement plans. If you have any questions about this chart, or you wish to learn more about how you can maximize the benefits of your company’s retirement plan, please contact your plan administrator.

2015

2014

2013

2012

Compensation

$265,000 $260,000 $255,000 $250,000

Limits on benefits and contributions:

Defined contribution plans $53,000 $52,000 $51,000 $50,000
Defined benefit plans $210,000 $210,000 $205,000 $200,000
401(k), 403(b) and 457 plan elective deferrals $18,000 $17,500 $17,500 $17,000
SIMPLE plan elective deferrals $12,500 $12,000 $12,000 $11,500
IRA $5,500 $5,500 $5,500 $5,000

Catch-up contributions:

401(k), 403(b) and 457 plans $6,000 $5,500 $5,500 $5,500
SIMPLE plans $3,000 $2,500 $2,500 $2,500
IRA $1,000 $1,000 $1,000 $1,000

“Highly Compensated” definition

$120,000 $115,000 $115,000 $110,000

“Key Employee” definition

Officer $170,000 $170,000 $165,000 $165,000
1% Owner $150,000 $150,000 $150,000 $150,000

Social Security Taxable wage base

$118,500 $117,000 $113,700 $110,800