Employee Benefits Blog

IRS Announces 2015 Cost-of-Living Adjustments for Retirement Plans

The IRS recently announced cost of living adjustments for 2015. The key dollar amounts for retirement plans (compared to the 2014 dollar limits) are noted below. Maximum Qualified Retirement Plan Dollar Limits 2015 2014 Limit on Section 401(k) deferrals (Section 402(g)) $18,000 $17,500 Dollar limitation for catch-up contributions (Section 414(v)(2)(B)(i)) $6,000 $5,500 […]

October 31, 2014 | 1 min read | Tagged: 401(k), IRS, qualified retirement plan limits, qualified retirement plans, retirement plans

Anne M. Meyer Partner

IRS Announces 2014 Retirement Plan Limits

On October 31, 2013, the IRS announced the cost-of-living adjustments that will affect the dollar limitations for pension and other retirement plans for the 2014 tax year. Notably, the $17,500 annual contribution limit for employees who participate in 401(k) plans remains the same for 2014. Maximum Qualified Retirement Plan Dollar Limits 2013 2014 Limit […]

January 15, 2014 | 1 min read | Tagged: 401(k), IRS, qualified retirement plan limits, qualified retirement plans

Greg Gautam Partner