2014 |
2015 |
Increase |
|
Limit on employee contributions to 401k, 403b, or 457 plan |
$17,500 |
$18,000 |
$500 |
Limit on age 50+ catchup contributions to 401k, 403b, or 457 plan |
$5,500 |
$6,000 |
$500 |
Traditional and Roth IRA contribution limit |
$5,500 |
$5,500 |
None |
Traditional and Roth IRA age 50+ catchup contribution limit |
$1,000 |
$1,000 |
None |
SIMPLE 401k or SIMPLE IRA contributions limit |
$12,000 |
$12,500 |
$500 |
SIMPLE 401k or SIMPLE IRA age 50+ catchup contributions limit |
$2,500 |
$3,000 |
$500 |
Maximum annual additions to all defined contribution plans by the same employer |
$52,000 |
$53,000 |
$1,000 |
Highly Compensated Employee definition |
$115,000 |
$120,000 |
$5,000 |