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Contibution Limits for Retirement Plans

PLAN TYPE AND LIMIT2013201420152016
401(k) & 403(b) elective deferrals$17,500$17,500$18,000$18,000
457 Plans$17,500$17,500$18,000$18,000
Catch-up contribution age 50 and older additional$5,500$5,500$6,000$6,000
SIMPLE 401(k)/IRA$12,000$12,000$12,500$12,500
SIMPLE catch-up contribution 50 and older addl.$2,500$2,500$3,000$3,000
Defined Contribution Plan Compensation Limit/yr$255,000$260,000$265,000$265,000
Highly compensated employee threshold$115,000$115,000$120,000$120,000
Defined Benefit annual benefit payments limit$205,000$205,000$210,000$210,000
Social Security wage base$113,700$117,000$118,500$118,500
SEP contribution limit - max of 25% of comp or$51,000$52,000$5,300$5,300
IRA and ROTH (if 50 or older add $1,000)$5,500$5,500$5,500$5,500
IRA and ROTH Catch Up$1,000$1,000$1,000$1,000

per data taken from www.IRS.gov

For more details please visit

http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics