by Bob Lavenberg
BDO Assurance Partner, National Partner In Charge of Employee Benefit Plan Audit Quality

2015 COST-OF-LIVING ADJUSTMENTS FOR QUALIFIED RETIREMENT PLANS

The Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2015.

To ensure compliance with Treasury Department regulations, we wish to inform you that any tax advice that may be contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.

 

© 2014 BDO UDS, LLP. All rights reserved. www.bdo.com Code Section 2015 2014 2013 2012 2011
401(a)(17)/404(l) Annual Compensation $265,000 $260,000 $255,000 $250,000 $245,000
402(g)(1) Elective Deferrals 18,000 17,500 17,500 17,000 16,500
408(k)(2)(C) SEP Minimum Compensation 600 550 550 550 550
408(k)(3)(C) SEP Maximum Compensation 265,000 260,000 255,000 250,000 245,000
408(p)(2)(E) SIMPLE Maximum Contributions 12,500 12,000 12,000 11,500 11,500
409(o)(1)(C) ESOP Limits 1,070,000
210,000
1,050,000
210,000
1,035,000
205,000
1,015,000
200,000
985,000
195,000
414(q)(1)(B) HCE Threshold 120,000 115,000 115,000 115,000 110,000
414(v)(2)(B)(i) Catch-up Contributions 6,000 5,500 5,500 5,500 5,500
414(v)(2)(B)(ii) Catch-up Contributions 3,000 2,500 2,500 2,500 2,500
415(b)(1)(A) DB Limits 210,000 210,000 205,000 200,000 195,000
415(c)(1)(A) DC Limits 53,000 52,000 51,000 50,000 49,000
416(i)(1)(A)(i) Key Employee 170,000 170,000 165,000 165,000 160,000
457(e)(15) Deferral Limits 18,000 17,500 17,500 17,000 16,500
1.61-21(f)(5)(i) Control Employee 105,000 105,000 100,000 100,000 95,000
1.61-21(f)(5)(iii) Control Employee 215,000 210,000 205,000 205,000 195,000
219(b)(5)(A) IRA Contribution Limit 5,500 5,500 5,500 5,000 5,000
219(b)(5)(B) IRA Catch-Up Contributions 1,000 1,000 1,000 1,000 1,000
Taxable Wage Base for Social Security 118,500 117,000 113,700 110,100 106,800