Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 23rd, 2014
Rules & Regulators
IRS Announces Contribution/Benefits Limits for 2015
The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $17,500 to $18,000. The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $5,500 to $6,000.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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