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10 Year COLA Summary Page (2015-2005)

(2010-2004 Here)

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Qualified Plans Limits

2015

2014

2013

2012

2011

401(k), 403(b) and SARSEP maximum deferral [402(g)]

$18,000

$17,500

$17,500

$17,000

$16,500

457 maximum deferral

18,000

17,500

17,500

17,000

16,500

Catch-Up for 401(k), 403(b), SARSEP, and 457

6,000

5,500

5,500

5,500

5,500

SIMPLE election maximum deferral

12,500

12,000

12,000

11,500

11,500

Catch-Up for SIMPLE

3,000

2,500

2,500

2,500

2,500

DB - annual benefit

210,000

210,000

205,000

200,000

195,000

DC - annual contributions

53,000

52,000

51,000

50,000

49,000

IRA limit

5,500

5,500

5,000

5,000

5,000

IRA catch up

1,000

1,000

1,000

1,000

1,000

Compensation Limits  

Maximum compensation

265,000

260,000

255,000

250,000

245,000

SEP annual compensation floor

600

550

550

550

550

Highly compensated employees

Any employee compensation

120,000

115,000

115,000

115,000

110,000

Key Employees

Officer compensation

170,000

170,000

165,000

165,000

160,000

1% owner

150,000

150,000

150,000

150,000

150,000

Covered Compensation Limits

Social Security

118,500

117,000

113,700

110,100

106,800

Medicare

no limit

no limit

no limit

no limit

no limit

FICA and SECA tax rates

OASDI (ER and Ee, each)

6.20%

6.20%

6.20%

6.20%

6.20%

Medicare (ER and Ee, each)

1.45%

1.45%

1.45%

1.45%

1.45%

Combined rate (ER and Ee, each)

7.65%

7.65%

7.65%

7.65%

7.65%

OASDI (self-employed)

12.40%

12.40%

12.40%

12.40%

12.40%

Medicare (self-employed)

2.90%

2.90%

2.90%

2.90%

2.90%

Combined rate (self-employed)

15.30%

15.30%

15.30%

15.30%

15.30%

ESOP Distribution

Normal dist. Period (years)

5

5

5

5

5

Threshold account balance IRC 409(o)(1)(c)

1,070,000

1,050,000

1,035,000

1,015,000

985,000

One year extension threshold IRC 409(o)(1)(c)(ii)

210,000

210,000

205,000

200,000

195,000

Max. additional distribution periods allowable years

5

5

5

5

5

Maximum PBGC  - Insured Annuity (ERISA Reg. 4022.23(c))

Age 65/100% Paid

5,011.36

4,943.18

4,789.77

4,653.41

4,500.00

Age 64/93%

4,660.56

4,597.16

4,454.49

4,327.67

4,185.00

Age 63/86%

4,309.77

4,251.13

4,119.20

4,001.93

3,870.00

Age 62/79%

3,958.97

3,905.11

3,783.92

3,676.19

3,555.00

Age 61/72%

3,608.18

3,559.09

3,448.63

3,350.46

3,240.00

Age 60/65%

3,257.38

3,213.07

3,113.35

3,024.72

2,925.00

Age 59/61%

3,056.93

3,015.34

2,921.76

2,838.58

2,745.00

Age 58/61%

2,856.48

2,817.61

2,730.17

2,652.44

2,565.00

Age 57/53%

2,656.02

2,619.89

2,538.58

2,466.31

2,385.00

Age 56/49%

2,455.57

2,422.16

2,346.99

2,280.17

2,205.00

Age 55/45%

2,255.11

2,224.43

2,155.40

2,094.03

2,025.00

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