2014 Employer-Sponsored
|
||||||
|---|---|---|---|---|---|---|
| 2013 | 2014 | |||||
| Elective Deferrals 401(k), 403(b), 457, and SARSEPs |
$17,500 | $17,500 | ||||
| Catch-up contribution | $5,500 | $5,500 | ||||
| SEP IRA & 401(k) Employer Contribution Limit | ||||||
| Defined contribution (415(c)(1)(A)) | $51,000 | $52,000 | ||||
| Defined benefit (415(c)(1)(A)) | $205,000 | $210,000 | ||||
| SIMPLE plan | $12,000 | $12,000 | ||||
| SIMPLE catch-up contribution | $2,500 | $2,500 | ||||
| Maximum includible compensation | $255,000 | $260,000 | ||||
| Highly compensated employee | ||||||
| Look back to 2012 | $115,000 | |||||
| Look back to 2013 | $115,000 | |||||
| Look to 2014 | $115,000 | |||||
| Key employee (top-heavy plan) | >$165,000 | >$170,000 | ||||
| SEP participation limit | $550 | $550 | ||||
| Roth IRA Phaseouts | |
| Single | Married Filing Jointly |
| $114,000-$129,000 | $181,000-$191,000 |
It’s important to know the limits so you don’t over-contribute and incur tax penalties, but contribute just the right amount (based on your income) for your future standard of living.
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