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 | | |
| | |