2014 YEAR-END
TAX GUIDE
Dollar Limits For Retirement Plans



PLAIN TYPES 2015 LIMITS 2014 LIMITS
Defined Contribution Plans $53,000 $52,000
Defined Benefit Plans $210,000 $210,000
Deferred Contribution Plans - 401(k), 403(b) and 457 Plans: Under Age 50 $18,000 $17,500
Age 50 and Older $24,000 $23,000
Simple Plans: Under Age 50 $12,500 $12,000
Age 50 and Older $15,500 $14,500
IRA, Traditional and Roth: Under Age 50 $5,500 $5,500
Age 50 and Older $6,500 $6,500
IRA AGI Phase-Out (Married) $116,000 $96,000
IRA AGI Phase-Out (Single/HOH) $70,000 $60,000
IRA AGI Phase-Out (Joint-Only 1 Spouse Covered) $191,000 $181,000
Roth IRA’s AGI Phase Out (Married) $193,000 $183,000
Roth IRA’s AGI Phase Out (Single) $129,000 $114,000

 

OTHER THRESHOLDS 2015 LIMITS 2014 LIMITS
SEP Annual Compensation Limit $265,000 $260,000
Key Employee in a Top-Heavy Plan $170,000 $165,000
Highly Compensated Employee $120,000 $115,000
Social Security Wage Base $118,500 $117,000