IRS Announces 2015 Retirement Plan Limits

IRS Announces Retirement Plan Limits for 2015

Fulcrum Partners Executive Benefits News

IRS Announces 2015 Retirement Plan Limits

Fulcrum Partners LLC, shares this update just released by the IRS regarding the changes for 2015 in the social security taxable wage base, qualified compensation limits, and other aspects of U.S. retirement plan limitations.

 The full update appears below.

 

IRS Announces 2015 Retirement Plan Limits

Ponte Vedra Beach, FL — (October 23, 2014) —  The IRS announced today the cost of living adjustments for qualified pension and defined contribution plans. The important retirement plan limits for 2014 and 2015 are summarized below:

 

2015

2014

Elective Deferral Limit for 401(k) and 403(b) Plans

$18,000

$17,500

Age 50 Catch Up Limit for 401(k) and 403(b) Plans

$6,000

$5,500

415 Defined Contribution Plan Limit

$53,000

$52,000

Qualified Compensation Limit

$265,000

$260,000

Highly Compensated Employee Limit

$120,000

$115,000

Key Employee Officer Compensation Limit

$170,000

$170,000

Social Security Taxable Wage Base

$118,500

$117,000

About Fulcrum Partners LLC :

Fulcrum Partners LLC (www.fulcrumpartnersllc.com) is one of the nation’s leading and largest executive benefits consultancies. A team of experienced industry professionals, the consultants at Fulcrum Partners focus on an integrated approach to the design, financing, and plan administration of executive benefits programs. Fulcrum Partners LLC is a wholly independent, member-owned firm dedicated to helping organizations enhance their Total Rewards Strategy. Founded in Ponte Vedra Beach, FL in 2007, today the company has offices in Atlanta; Chicago; Charleston, (South Carolina); Columbus, (Ohio); Delray Beach, Florida; Honolulu; Houston; Los Angeles; Orlando; Ponte Vedra Beach, (Florida); Portland, (Oregon); and Washington D.C.

Bruce Brownell

904.296.2563 

press@fulcrumpartnersllc.com  

Securities offered through Valmark Securities, Inc. Member FINRA/SIPC. Investment Advisory Services offered through Valmark Advisers, Inc. an SEC Registered Investment Advisor. 130 Springside Dr Ste 300 Akron OH 44333 800-765-5201 or NFP Securities, Inc. a Broker/Dealer, Member FINRA/SIPC and a Federally Registered Investment Advisor. Fulcrum Partners LLC is a separate entity from Valmark Securities, Inc. and NFP Securities, Inc.