2015 401k Contribution Limits Announced

By Jay Jandasek | October 23, 2014

New 2015 401k contribution limits were announced today by the IRS!

Elective Deferrals for 401k/403b/457: $18,000 ($500 increase)
Catch-Up Contributions for 401k/403b/457: $6,000 ($500 increase)
Annual Compensation: $265,000 (increased from $260,000)
Annual Additions Limit for Defined Contribution Plans: $53,000 (increased from $52,000)
Highly Compensated Employees: $120,000 (increased from $115,000)
Key Employee: $170,000 (no change)