2014 Retirement Plan Limits

Though the New Year is just around the corner, there is still plenty of time to make contributions to your retirement plan. Here are the applicable limits for 2014:


2014 401(k) Limits  
401(k) elective deferrals $17,500
Annual defined contribution limit $52,000
Annual compensation limit $260,000
Catch-up contribution limit $5,500
Highly compensated employees $115,000


2014 Non-401(k) Limits  
403(b)/457 elective deferrals $17,500
SIMPLE employee deferrals $12,000
SIMPLE catch-up deferrals $2,500
SEP minimum compensation $550
SEP annual compensation limit $260,000
Social security wage base $117,000



Have a question about your 2014 retirement plan contributions or limits? Need help setting up a plan before year end? Synergetic Finance can help. Contact us today to set up a complimentary consultation.