2014
|
2015
| |
Maximum annual payout from a defined benefit plan at or after age 62 (plan year ending in stated calendar year)
|
$210,000*
|
$210,000*
|
Maximum annual contribution to an individual's defined contribution account (plan year ending in stated calendar year)
|
$52,000**
|
$53,000**
|
Maximum Section 401(k), 403(b) and 457(b) elective deferrals (under Code Section 402(g))
|
$17,500***
|
$18,000***
|
Section 414(v)(2)(B)(i) catch-up limit for individuals aged 50 and older
|
$5,500***
|
$6,000***
|
Maximum amount of annual compensation that can be taken into account for determining benefits or contributions under a qualified plan (plan year beginning in stated calendar year)
|
$260,000
|
$265,000
|
Test to identify highly compensated employees, based on compensation in preceding year (plan year beginning in stated year determines "highly compensated" status for next plan year)
|
$115,000
|
$120,000
|
Wage Base For Social Security Tax
|
$117,000
|
$118,500
|
Wage Base For Medicare
|
No Limit
|
No Limit
|
Amount of compensation to be a "key" employee
|
$170,000
|
$170,000
|
* There are late-retirement adjustments for benefits starting after age 65.
** Plus "catch-up" contributions.
*** These are calendar year limitations.
*** These are calendar year limitations.
