INTERNAL REVENUE SERVICE ANNOUNCES 2015 COST OF LIVING ADJUSTMENTS FOR RETIREMENT PLANS
The elective deferral limit: (2014) $17,500 to (2015) $18,000
The catch-up contribution limit: (2014) $5,500 to (2015) $6,000
The limitation for defined contribution plans: (2014) $52,000 to (2015) $53,000
The annual compensation limit is increased from (2014) $260,000 to (2015) $265,000
The dollar limitation under Section 416(i)(1)(A)(i) concerning the definition of key employee in a top-heavy plan remains unchanged at $170,000.
The limitation used in the definition of highly compensated employee under Section 414(q)(1)(B) is increased from $115,000 to $120,000.
Click here for a complete table displaying Contribution/Benefit limits for the last 10 years provided by PlanSponsor.com.