Contribution Limits
Limits for Qualified Contribution Plans
| Calendar Year | ||
| 2014 | 2015 | |
| Employee Salary Deferral Limit to 401(k) Plans Employee Catch-up Elective Contributions |
$17,500 $5,500 |
$18,000 $6,000 |
| Employee Salary Deferral Limit to SIMPLE 401(k) Plans Employee Catch-up Elective Contributions |
$12,000 $2,500 |
$12,500 $3,000 |
| Employee Salary Deferral Limit to 403(b) Plans Employee Catch-up Elective Contributions |
$17,500 $5,500 |
$18,000 $6,000 |
| Defined Contribution Maximum Annual Addition (IRC 415 (c)) |
$52,000 | $53,000 |
| Definition of Highly Compensated Employees: Employee Compensation Exceeding (Prior Year) An employee owning more than (current and prior year) |
$115,000 5% |
$120,000 5% |
| Definition of Key Employees: Officers Earning in Excess of 1% Owners Earning in Excess of An employee owning more than |
$170,000 $150,000 5% |
$170,000 $150,000 5% |
| FICA Taxable Wage Base | $117,000 | $118,500 |
| Maximum Compensation Limit | $260,000 | $265,000 |
| Employers Deductible Contributions | 25% | 25% |