December 4, 2014
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 |
