|
Code Section |
2014 |
2013 |
| 401(a)(17)/404(l)Annual Compensation |
$260,000 |
$255,000 |
| 402(g)(1)Elective Deferrals |
17,500 |
17,500 |
| 414(v)(2)(B)(i)Catch-up Contributions |
5,500 |
5,500 |
| 415(b)(1)(A)Defined Benefit Plan Limit |
210,000 |
205,000 |
| 415(c)(1)(A)Defined Contribution Plan Limit |
52,000 |
51,000 |
| 457(e)(15)Deferral Limits |
17,500 |
17,500 |
| 414(q)(1)(B)Highly Compensated Employee Threshold |
115,000 |
115,000 |
| 409(o)(1)(C)ESOP Limits | 1,050,000
210,000 |
1,035,000 205,000 |
| 416(i)(1)(A)(i)Key Employee |
170,000 |
165,000 |
| 408(p)(2)(E)SIMPLE Max. Contributions |
12,000 |
12,000 |
| 414(v)(2)(B)(ii)SIMPLE Catch-up Contributions |
2,500 |
2,500 |
| 408(k)(2)(C)SEP Min. Compensation |
550 |
550 |
| 408(k)(3)(C)SEP Max. Compensation |
260,000 |
255,000 |
| 1.61-21(f)(5)(i)Control Employee |
105,000 |
100,000 |
| 1.61-21(f)(5)(iii)Control Employee |
210,000 |
205,000 |
| Social Security Tax Wage Base |
117,000 |
113,700 |
On October 31, 2013 the Internal Revenue Service (IRS) announced the cost-of-living adjustments impacting tax-qualified pension plans for 2014. Increases were not made to the individual limits on deferrals and catch-up contributions. However, the IRS increased from last year most of the general pension plan limitations, including the limit on…..
