Here is a brief recap of the retirement plan limits for 2014:
Salary Deferral Limit for 401(k) and 403(b) Plans is $17,500. Additional Salary Deferral for someone Age 50 by 12/31/2014 is $5,500. Therefore a 50 year old can defer up to $23,000. The maximum amount of compensation counted for plan purposes is $260,000. Maximum Annual Additions Limit from all contributions is $52,000 and you can add $5,500 if age 50 or more if salary deferrals available. The maximum Defined Benefit Plan retirement amount is $210,000 per year. The amount of compensation in 2014 that would make someone an HCE in 2015 is $115,000. The Social Security Taxable Wage Base for 2014 is $117,000.
For a more complete chart go here:
http://401kacademy.com/storage/Copy%20of%20limitations2014_Orange.pdf
