The 2014 plan limits, applicable to defined benefit and defined contribution plans, have been issued by the IRS (highlights below).
Defined benefit plan annual limit
Defined contribution plan annual limit
Elective deferral limit for purposes of cash or deferred arrangements (401(k) plans) and tax-sheltered annuities (403(b) plans)
Maximum deferral limit for 457 plans
>Age 50 Catch-up Contribution Limit to 401(k), 403(b) or 457(b) Plans
Maximum deferral limit for SIMPLE plans
>Age 50 Catch-up Contribution Limit to SIMPLE Plans
Minimum compensation considered in determining eligibility for a SEP
Threshold for Highly compensated employee (HCE)
Key Employee Compensation Limit for Top Heavy Plan Purposes
Annual compensation limit
Access articles and tools to help your business generate cash, improve leverage, and align & transform as you recover from the pandemic.
Access all COVID-19 related articles to help your business respond to the pandemic.