Retirement Contribution Dollar Limitations_Year 2014 & 2015

YEAR 2014:

  • Annual Defined Benefit limit: $210,000
  • Annual Defined Contribution limit: $52,000
  • Annual Compensation limit: $260,000
  • 401(k) Annual Deferral limit: $17,500
  • 401(k) Catch-up limit: $5,500 (must be at least 50 years old)
  • Traditional IRA Contribution limit: $5,500
  • Traditional IRA Catch-up contribution: $1,000 (must be at least 50 years old)
  • Roth IRA Contribution limit: $5,500
  • Roth IRA Catch-up contribution: $1,000 (must be at least 50 years old)
  • Simple IRA's Contribution limit: $12,000
  • Simple IRA's Catch-up contribution limit: $2,500 (must be at least 50 years old)
  • Social Security Wage base: $117,000

YEAR 2015:

  • Annual Defined Benefit limit: $210,000
  • Annual Defined Contribution limit: $53,000
  • Annual Compensation limit: $265,000
  • 401(k) Annual Deferral limit: $18,000
  • 401(k) Catch-up limit: $6,000 (must be at least 50 years old)
  • Traditional IRA Contribution limit: $5,500
  • Traditional IRA Catch-up contribution: $1,000 (must be at least 50 years old)
  • Roth IRA Contribution limit: $5,500
  • Roth IRA Catch-up contribution: $1,000 (must be at least 50 years old)
  • Simple IRA's Contribution limit: $12,500
  • Simple IRA's Catch-up contribution limit: $3,000 (must be at least 50 years old)
  • Social Security Wage base: $118,500