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Annual Plan Limits
| 2014 | 2013 | 2012 | 2011 | |
| Compensation | $260,000 | $255,000 | $250,000 | $245,000 |
| Limits on benefits and contributions: | ||||
| Defined contribution plans | $52,000 | $51,000 | $50,000 | $49,000 |
| Defined benefit plans | $210,000 | $205,000 | $200,000 | $195,000 |
| 401(k), 403(b) and 457 plan elective deferrals | $17,500 | $17,500 | $17,000 | $16,500 |
| SIMPLE plan elective deferrals | $12,000 | $12,000 | $11,500 | $11,500 |
| Catch-up contributions: | ||||
| 401(k), 403(b) and 457 plans | $5,500 | $5,500 | $5,500 | $5,500 |
| SIMPLE plans | $2,500 | $2,500 | $2,500 | $2,500 |
| "Highly Compensated" definition | $115,000 | $115,000 | $115,000 | $110,000 |
| "Key Employee" definition: | ||||
| Officer | $170,000 | $165,000 | $165,000 | $160,000 |
| Social Security: | ||||
| Taxable wage base | $117,000 | $113,700 | $110,100 | $106,800 |
| Social Security tax rate | 6.20% | 6.20% | 6.20% | 6.20% |
| Medicare tax rate | 1.45% | 1.45% | 1.45% | 1.45% |
| Combined tax rate | 7.65% | 7.65% | 7.65% | 7.65% |
Actuarial Benefit Consulting (ABC ), also known as Actuarial Pension Retirement Services (APRS) was founded in 1987 to provide pension plan sponsors with world class pension administration services that reduce turnaround times and costs through specialization and technology. The company has not strayed from its first principles.
If you have any questions don't hesitate to contact us