IRS Announces 2015 Retirement Plan Limits Ponte Vedra Beach, FL -- (October 23, 2014) -- The IRS announced today the cost of living adjustments for qualified pension and defined contribution plans. The important retirement plan limits for 2014 and 2015 are summarized below:
2015
2014
Elective Deferral Limit for 401(k) and 403(b) Plans Age 50 Catch Up Limit for 401(k) and 403(b) Plans 415 Defined Contribution Plan Limit Qualified Compensation Limit Highly Compensated Employee Limit Key Employee Officer Compensation Limit
$18,000 $6,000 $53,000 $265,000 $120,000 $170,000
$17,500 $5,500 $52,000 $260,000 $115,000 $170,000
Social Security Taxable Wage Base
$118,500
$117,000
About Fulcrum Partners LLC : Fulcrum Partners LLC (www.fulcrumpartnersllc.com) is one of the nation's leading and largest executive benefits consultancies. A team of experienced industry professionals, the consultants at Fulcrum Partners focus on an integrated approach to the design, financing, and plan administration of executive benefits programs. Fulcrum Partners
LLC is a wholly independent, member-owned firm dedicated to helping organizations enhance their Total Rewards Strategy. Founded in Ponte Vedra Beach, FL in 2007, today the company has offices in Atlanta; Chicago; Charleston, (South Carolina); Columbus, (Ohio); Delray Beach, Florida; Honolulu; Houston; Los Angeles; Orlando; Ponte Vedra Beach, (Florida); Portland, (Oregon); and Washington D.C. Bruce Brownell 904.296.2563 press@fulcrumpartnersllc.com
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