Contribution Limits

 Limitations for defined contribution plans

 2015

 2014

 2013

2012 

   Social security wage base

 $118,500

 $117,000

 $113,700

 $110,100

   401(k) limit

 $18,000

 $17,500

$17,500

 $17,000

   Catch-up contribuiton limit

 $6,000

 $5,500

 $5,500

$5,500

   415 Limit (overall contribution limit)

 $53,000

 $52,000

 $51,000

 $50,000

   Compensation limit

 $265,000

 $260,000

 $255,000

 $250,000

   Compensation level for determining HCE status

 $120,000

 $115,000

 $115,000

 $115,000

     SIMPLE contribution limit

 $12,500

 $12,000

 $12,000

 $11,500

     SIMPLE catch-up

 $3,000

 $2,500

 $2,500

 $2,500

     IRA limit

 $5,500

 $5,500

 $5,500

 $5,000

     IRA catch-up

 $1,000

 $1,000

 $1,000

 $1,000

NOTE:  This chart is meant to be a brief summary of some of the limitations that affect qualified retirement plans.  Please contact us to discuss how these limits affect you and your retirement plan