LPL FINANCIAL

2015 Retirement Plan Limits

The Internal Revenue Service has announced its inflation-adjusted retirement plan contribution limits for 2015.
2015

2014

Elective Deferral Limit for 401(k), 403(b), and 457(b) Plans IRC 402(g)

$18,000

$17,500

Catch-up Contribution Limit IRC 414(v)

$6,000

$5,500

Annual Additions Limit for Defined Contribution Plans IRC 415(c)

$53,000

$52,000

Limit on Annual Benefits for Defined Benefit Plans IRC 415(b)

$210,000

$210,000

Deferral Limits

Benefits and Compensation

(No Change)

Annual Compensation Limit IRC 401(a)(17)

$265,000

$260,000

Highly Compensated Employee Limit IRC 414(q)

$120,000

$115,000

Key Employee Determination Limit IRC 416(i)

$170,000

$170,000

(No Change)

SIMPLE Retirement Plan Contribution Limit IRC 408(p)

$12,500

$12,000

Social Security Wage Base (Old Age, Survivors)

$118,500

$117,000

Medicare Wage Base

No Limit

No Limit

Social Security/Medicare

This information is provided as a courtesy and is not designed to be all encompassing. It is not intended as authoritative guidance or tax or legal advice. You should consult with
your attorney or tax advisor for guidance on your specific situation.

Progressive Strategies Financial Group

Tori Patrick
President
27201 Puerta Real Suite 300
Mission Viejo, CA 92691
949.204.3800
702.893.1500
702.549.1900
tori.patrick@lpl.com
www.psfgwealth.com

Independence Powered By LPL Financial.

Tori Patrick is a registered representative with, and securities offered through, LPL Financial, member FINRA/SIPC.

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