Plan Type |
2015 |
2014 |
Employer Qualified Plans |
|
|
Annual Compensation Limit |
265,000 |
260,000 |
Defined Contribution Plan |
|
|
Annual Contribution Limit |
53,000 |
52,000 |
|
|
|
SEP Plan |
|
|
Annual Contribution Limit |
53,000 |
52,000 |
Minimum Compensation Limit |
600 |
550 |
|
|
|
SIMPLE IRA/401(k) Plan |
|
|
Annual Contribution Limit |
12,500 |
12,000 |
50+ Catch-up Contribution |
3,000 |
2,500 |
Annual Compensation Limit |
265,000 |
260,000 |
|
|
|
401(k) Plan |
|
|
Elective Deferral Limit |
18,000 |
17,500 |
50+ Catch-up Contribution |
6,000 |
5,500 |
Annual Contribution Limit |
53,000 |
52,000 |
|
|
|
Traditional/Roth IRA* |
|
|
Annual Contribution Limit |
5,500 |
5,500 |
50+ Catch-up Contribution |
1,000 |
1,000 |
|
|
|
|
|
|
*Subject to modified AGI phase-outs |
|
|
|
|
|