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 |
