2014 Pension and Retirement Plan Limits

2014 Pension and Retirement Plan Limits

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The 2014 plan limits, applicable to defined benefit and defined contribution plans, have been issued by the IRS (highlights below).

 

2013

2014

Defined benefit plan annual limit

$205,000

$210,000

Defined contribution plan annual limit

$51,000

$52,000

Elective deferral limit for purposes of cash or deferred arrangements (401(k) plans) and tax-sheltered annuities (403(b) plans)

$17,500

$17,500

Maximum deferral limit for 457 plans

$17,500

$17,500

>Age 50 Catch-up Contribution Limit to 401(k), 403(b) or 457(b) Plans

$5,500

$5,500

Maximum deferral limit for SIMPLE plans

$12,000

$12,000

>Age 50 Catch-up Contribution Limit to SIMPLE Plans

$2,500

$2,500

Minimum compensation considered in determining eligibility for a SEP

$550

$550

Threshold for Highly compensated employee (HCE)

$115,000

$115,000

Key Employee Compensation Limit for Top Heavy Plan Purposes

$165,000

$170,000

Annual compensation limit

$255,000

$260,000

 

 

 

 

 

 

 

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2014 Pension and Retirement Plan LimitsThe 2014 plan limits, applicable to defined benefit and defined contribution plans, have been issued by the IRS (highlights below)....2013-11-05T17:00:00-05:00

The 2014 plan limits, applicable to defined benefit and defined contribution plans, have been issued by the IRS (highlights below).