IRS Limits for 2015

New Limits Announced for Defined Contribution Plans

Maximum employee elective deferral… $18,000
Employee catch-up contribution… $6,000
Defined contribution limit…$53,000
Defined contribution limit ages 50+… $59,000
Employee limit for calc contributions… $265,000
“Key employees” in a top-heavy plan… $170,000
“Highly compensated employees”… $120,000

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