2014 401k Contribution Limits Announced

By Jay Jandasek | October 31, 2013

Unfortunately, there is nothing exciting to report regarding the 2014 401k contribution limits that were announced today by the IRS.

Elective Deferrals for 401k/403b/457: $17,500 (no change)
Catch-Up Contributions for 401k/403b/457: $5,500 (no change)
Annual Compensation: $260,000 (increased from $255,000 in 2013)
Annual Additions Limit for Defined Contribution Plans: $52,000 (increased from $51,000)
Highly Compensated Employees: $115,000 (no change)
Key Employee: $170,000 (increased from $165,000)
Social Security Wage Base: $117,000 (increased from $113,700)